Bangor, ME, Jan. 19, 2007 — Bangor Hydro Electric Co. formally filed requests for changes in both its distribution rates and stranded cost rates with the Maine Public Utilities Commission. As previously stated in November, Bangor Hydro is forecasting the net changes will have minimal impact on electric delivery rates.
Bangor Hydro’s filing requests an increase in distribution rates attributed to load reductions. This increase is nearly offset by a requested reduction in stranded cost rates. It is estimated that the combined impact of the filings will result in an increase of approximately 70 cents per month for the typical residential customer bill beginning the first quarter of 2008.
“Considering the current cost pressures facing the energy market, we are pleased to put forward a plan for our customers that keeps electric distribution rates relatively stable for the near future,” said Kathy Billings, director of corporate and community relations.
Bangor Hydro’s filing starts the Public Utilities Commission’s review process.
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