Wednesday, 24 April 2019 16:19

Emera withdraws rate hike request

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BANGOR - Emera Maine customers got a rate hike reprieve Tuesday.

At the beginning of March, Emera officials sent a letter telling customers they were seeking a 6 percent rate hike, which would have meant an average $5.75 per month cost increase.

 

Last month, when ENMAX Corp. of Canada announced its purchase of Emera Maine, which is subject to state and federal approval, officials said they still planned to seek the rate hike.

 

However, Emera announced Tuesday that the rate hike request was being withdrawn.

 

"So the upcoming approval process for ENMAX Corporation's and the rate request are both important and distinct processes that need to go through a regulatory approval. At this time we're going to step back from our rate request to make sure we can devote the appropriate time and resources and necessary to get the approval process through that," Emera Maine spokeswoman Judy Long said.

 

Long said the company eventually will seek the rate hike but was not certain when that will happen.