Bangor Hydro Electric rate change effective June 1

Posted June 01, 2011, at 12:15 p.m.
Last modified June 01, 2011, at 1:43 p.m.

BANGOR, Maine — Bangor Hydro Electric Company customers will see a change in electric rates effective June 1 as a result of changes in both transmission and stranded cost rates.

Transmission rates are regulated by the Federal Energy Regulatory Commission and represent about 14 percent of the average residential and small business customer bill. Stranded costs are regulated by the Maine Public Utilities Commission and represent eight percent of the average residential and small business customer bill.

The transmission and stranded cost rate changes will affect all Bangor Hydro customers — residential, commercial and industrial. When combined, most customers will see almost no change in their monthly bill. The change will amount to about 0.1 percent or about a nine cent increase for a residential customer with an average monthly bill of $86, according to the company.

The combined rate change for commercial, industrial and transmission level customers will vary for each company, with most seeing a small increase as well. The new rate is posted at www.bangorhydro.com.

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