Maine regulators to review utility takeover

Posted Aug. 31, 2010, at 6:32 a.m.
Last modified Jan. 29, 2011, at 11:53 a.m.

AUGUSTA, Maine — Maine utility regulators have changed the hearing schedule for Emera Inc.’s acquisition of Maine and Maritimes Corp.

Emera is the parent company of Bangor Hydro Electric Co., and Maine and Maritimes is the parent company of Maine Public Service Co.

The Public Utilities Commission said a hearing scheduled for Tuesday has been canceled so parties participating in the case can hold settlement discussions. If no settlement is reached on Tuesday, a hearing scheduled for Wednesday will take place.

Bangor Hydro, Maine’s second-largest transmission and distribution utility, is a wholly owned subsidiary of Nova Scotia-based Emera. Maine Public Service, Maine’s third largest transmission and distribution utility, is headquartered in Presque Isle.