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Annual Transmission Rates Set for Emera Maine Customers

Release Date:  06-01-2016

Bangor, Maine – 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 $0.93* 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.

“Much of the transmission system in Aroostook County was built around the same time,” remarked Alan Richardson, Emera Maine President and COO. “After serving customers reliably for over 50 years, investments are needed to meet the electricity delivery needs of these communities.”

To continue to provide safe and reliable service, aging equipment must be rebuilt or updated. In the Bangor Hydro District, investments to improve both reliability and to meet the needs of growing communities are being made. These investments contribute to changes in transmission rates.

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, 2016.

*The rate filing on June 1, 2016 showed the impact to a typical Bangor Hydro District customer to be an increase of $1.26. A change in the filing lowered that impact to $0.93.