Versant’s rate increase is actually higher than originally stated
BANGOR, Maine (WABI) - A few weeks after notifying customers of a potential rate increase, Versant Power says it’s still applying for the change - but at a higher percentage than originally indicated.
Versant says their printing vendor mistakenly sent out an early version of the letter, which read they requested a 9% distribution rate increase from the Maine Public Utilities Commission.
The updated letter says it’s actually a 10.6 % increase.
Versant says the slightly higher request is due to higher-than-expected bids for tree-trimming service.
The updated letter still indicates customer bills will rise by about $12 per month and create $34 million in additional annual revenue.
They say that money would go toward a new metering system, as well as improved reliability, customer service and employee retention.
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