CARIBOU, Maine, Nov. 10, 2003 — WPS Energy Services, Inc., a subsidiary of WPS Resources Corp., announced that it has been chosen as the standard offer electric provider for all three classes of the Maine Public Service Company (MPS) service territory for a 34-month period beginning March 1, 2004.
The price for standard offer service from March 1, 2004, through December 31, 2006, will be 5.459 cents per kilowatt-hour for the residential and small non-residential customers, 5.81 cents per kilowatt-hour for medium non-residential customers and 6.4 cents per kilowatt-hour for large non-residential customers.
Maine electric consumers can choose from competing power producers. Consumers, who elect not to choose from competing suppliers, default to what is known as “standard offer” service.
The Maine Public Utilities Commission (Commission) selected WPS Energy Services as the standard offer supplier through a competitive bidding process. WPS Energy Services has served the majority of the northern Maine market, through both standard offer service and direct competitive supply, since March 1, 2000.
WPS Energy Services President Mark Radtke said, “We have worked hard to keep our prices stable. Despite volatility in the market, we are able to offer residential prices that are nearly 6% lower than the current standard offer in the MPS service territory.” (Note: The standard offer component of a customer’s bill is separate from the electric delivery or distribution component of the bill. The Commission recently approved a 3.78% increase in the MPS distribution rates, which went into effect on November 1, 2003.)
The company also serves as a competitive electric provider in southern Maine, serving about 90 megawatts of load.
More information on WPS Energy Services, Inc. is available on their web site located at http://www.wpsenergy.com .