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Bangor Hydro Electric Company Submits Request for Changes To Electric Distribution and Stranded Cost Rates
Bangor Hydro Electric Company Submits Request for Changes To Electric Distribution and Stranded Cost Rates.
About this update from Emera Incorporated
[{"type":"text","content":"\n\n\n\nElectric Delivery Rates Forecast To Remain Stable\n\n\nBANGOR, MAINE, January 17 /CNW/ - Bangor Hydro Electric Company formally\nfiled requests for changes in both its distribution rates and stranded cost\nrates with the Maine Public Utilities Commission on Tuesday. As previously\nstated in November, Bangor Hydro is forecasting the net changes will have\nminimal impact on electric delivery rates.\n\n\nBangor Hydro's filing requests an increase in distribution rates\nattributed to load reductions. This increase is nearly offset by a requested\nreduction in stranded cost rates. It is estimated that the combined impact of\nthe filings will result in an increase of approximately 70 cents per month for\nthe typical residential customer bill beginning the first quarter of 2008.\n\n\n\"Considering the current cost pressures facing the energy market, we are\npleased to put forward a plan for our customers that keeps electric\ndistribution rates relatively stable for the near future,\" said Kathy\nBillings, director of corporate and community relations.\n\n\nBangor Hydro's filing starts the Public Utilities Commission's review\nprocess. Customers and other stakeholders must request the opportunity to\nintervene in the process by February 14, 2007.\n\n\nNOTE: Information relative to these filings was previously released on\n11/16/2006.\n\n\nBangor Hydro-Electric Company (BHE) is an electric utility wholly-owned\nby Emera Inc. BHE serves a population of 192,000 in an area encompassing 5,275\nsquare miles in eastern and east coastal Maine. BHE is a member of the New\nEngland Power Pool and is interconnected with other New England utilities to\nthe south and with the New Brunswick Power Corp. to the north. Visit us at\nwww.bhe.com.\n\n\nEmera Inc. (EMA-TSX) is an energy and services company with $4.0 billion\nin assets. Electricity is Emera's core business. The company has two\nwholly-owned regulated electric utility subsidiaries, Nova Scotia Power Inc.\nand Bangor Hydro-Electric Company, which together serve 590,000 customers.\nEmera's other investments include a joint venture interest in Bear Swamp, a\n600 megawatt pumped storage hydro-electric facility in northern Massachusetts;\na 12.9% interest in the Maritimes & Northeast Pipeline ; and Emera Energy\nServices which manages energy assets on behalf of third parties and provid...