On March 4, 2014, the Maine Supreme Judicial Court overruled a 2012 approval by the Maine Public Utilities Commission (PUC) of an affiliation deal between wind developer First Wind, the utility companies called at the time Bangor Hydro and Maine Public Service and their present parent company, Nova Scotia-based Emera, Inc.
Appeals to the approval of the $361 million loans and investment deal were made by the state Public Advocate, the Houlton Water Company and the Industrial Energy Consumers’ Group.
Writing for the court, Chief Justice Leigh Saufley said,“If the relationship among the entities results in the T&D (transmission and distribution) utility having a financial interest that would provide an incentive to favor certain generators over others, the proposed corporate restructuring is prohibited… [by the Restructuring Act of 1997]."
Read the full story from the Pinetree Watchdog.
Photo credit: Leigh Saufley photo from Maine State Judicial Branch website.