Utility to Invite Bidding on Its Discounted Rate Contracts
Central Maine Power Co. has agreed to allow other providers of wholesale electric power to bid for the right to supply energy to the utility for resale to utility customers who enjoy special discounted rate contracts.
It would carry out its agreement if and when the state of Maine should decide to open its retail electric market to competition.
The utility's promise to allow competitive suppliers to bid the special-rate contract load paved the way for the Maine Public Service Commission to approve new multi-year contracts offered by the utility to two large customers.