Emera Maine Rates to Go Up
The annual adjustment for transmission rates has been set for Emera Maine customers, effective July 1, 2016.
The impact of the 2016 adjustment for a typical residential customer, using 500 kilowatt hours, will be an increase of about $1.26 per month in the Bangor Hydro District and $1.07 per month in the Maine Public District.
Emera Maine invests in its transmission infrastructure to ensure safe and reliable service for customers. To achieve the best possible value for customers with each investment, Emera Maine maintains systems and equipment so that they can be operated safely until the end of their useful life.
Transmission rates are regulated by FERC (the Federal Energy Regulatory Commission) and updated annually based on an approved formula. Transmission costs may go up or down during each annual adjustment, depending on transmission system operating and maintenance costs, the amount invested in replacing aging infrastructure, and various other factors.
The new rates will be posted at www.emeramaine.com as of July 1.
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