Maine PUC: Versant Power to Refund Over $3.1 Million to Large Class Customers in Bangor Hydro District
February 20, 2025
February 20, 2025
AUGUSTA, Maine, Feb. 20 -- Versant Power has received approval from the Maine Public Utilities Commission (PUC) to refund $3,136,857.80 to its large class standard offer customers in the Bangor Hydro District. The refund originates from a surplus in the large class standard offer retainage and over/under accounts, which reached $3,636,858 as of September 30, 2024. This surplus has accumulated primarily due to discrepancies between estimated and actual energy and capacity costs used in determinin . . .