Maine Requires Separate Subsidiary for Noncore Services

Fortnightly Magazine - April 15 1997
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Responding to numerous complaints concerning Bangor Hydro-Electric Co.'s entry into the security alarm market, the Maine Public Utilities Commission has set up guidelines for the utility's management of noncore services.

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The commission ordered Bangor to: establish a separate subsidiary for its "noncore" utility activities; account for the activities "below-the-line"; and limit its use of certain customer information in providing the ancillary services. The restrictions apply to all business ventures conducted by the company except the generation, transmission and distribution of electricity to wholesale and resale customers, along with associated billing and meter reading activities.

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