Versant Power (formerly Emera Maine) has announced its approval of a deal to provide customers with $8 million dollars in rate relief to their distribution costs. This will apply to customers throughout the Bangor Hydro District and Maine Public District. Customers will see the savings on their bills starting in September and continuing throughout the remainder of the year.
- The typical residential bill will decrease by approximately $8 per month over this 4-month period.
- Depending on rate class, commercial customers will see a savings of over 17% on their distribution charges.
- Industrial customers will receive a one-time payment.