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Maine Won't Close Docket on Stranded Costs

Fortnightly Magazine - October 1 1996

The Maine Public Utilities Commission (PUC) has rejected a request by Central Maine Power Co. to suspend a proceeding to develop an interim competition transition charge. The utility had claimed that the "immediate threat" of loss of load to self-generation had diminished over the short-term as a result of an agreement reached with Hanaford Bros., a large commercial customer who had threatened to leave the system.

According to the PUC, the issues raised by the utility's original filing "are not dependent on industry restructuring," and the proceeding should remain open to address the need for a stranded-cost recovery mechanism for self-generation under the current regulatory framework. Re Recovery of Stranded Costs, Dkt. No. 95-055, June 19, 1996 (Me.P.U.C.). t

Cases were reported by Phillip S. Cross, an associate legal editor of PUBLIC UTILITIES FORTNIGHTLY.

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