CMP Statement on MPUC Temporary Rates Recommendation

Augusta, ME – September 29, 2026 - Following Monday’s recommended decision by the Maine Public Utilities Commission (MPUC) staff, Central Maine Power (CMP), a subsidiary of Avangrid Inc., has issued the following statement: 

 

“While we respect the regulatory process and appreciate the work of Commission staff, yesterday’s recommendation carries consequences that extend well beyond the rate case itself. Prolonged revenue uncertainty puts pressure on the infrastructure investments, workforce, financing capacity, and grant-funded modernization efforts that customers and communities depend upon. 

 

Unfortunately, the consequences of prolonged uncertainty are no longer theoretical. CMP has already been forced to defer planned capital work, including projects intended to make power available, strengthen reliability, improve resilience, and modernize the system, and will continue to do so. CMP will now also be forced to evaluate workforce levels and hiring plans that support current operations and future needs. 

 

CMP's request for temporary rates is designed to provide limited, refundable relief tied primarily to investments already made and infrastructure already serving customers. The availability of temporary rates has previously been recognized as part of this proceeding, reflecting their role in balancing affordability concerns with the need for continued investment and financial stability while a rate case remains under review. As recognized in the record, the company is experiencing significant financial pressure, including a recent negative outlook action from S&P Global, while continuing to operate and invest in an increasingly demanding environment marked by more frequent severe weather and growing demands on the electric grid. 

 

For Maine customers, delaying investment does not eliminate costs or system needs. Reliability has real value for Maine families, businesses, schools, hospitals, and communities, and that value should be part of any affordability discussion. Deferring necessary infrastructure investments simply pushes costs into the future, often at a higher price, while reliability improvements, grid modernization efforts, and other customer benefits are delayed as critical infrastructure continues to age. 

 

As Maine approaches the winter season and electrification continues to grow, maintaining a strong, reliable grid must remain a priority. We are carefully reviewing the recommended decision and continue to seek solutions that provide customers with both affordability and the long-term reliability they depend on every day.”