How are CMP prices set?
Who decides Central Maine Power’s prices? The prices, practices, and level of profitability of CMP and other Maine public-utility companies are regulated primarily by the Maine Public Utilities Commission (PUC). The PUC was created by Maine law and began work in 1914. Its three commissioners – currently, Sharon Reishus, Chairman, Commissioners Vendean Vafiades and Jack Cashman – must be nominated by the Governor and confirmed by the Maine Senate. The Commissioners are assisted by legal, technical, financial, and consumer-assistance staff. PUC proceedings use court-like standards of evidence, procedure, and decisions, and include opportunities for interested citizens or groups to participate as formal intervenors or to receive information updates. PUC offices are at 242 State Street, Augusta ME 04333-0018. Telephone (207) 287-3831. The PUC’s Internet address is www.maine.gov/mpuc. CMP’s transmission prices are determined by the Federal Energy Regulatory Commission (FERC). How does the P
