Lawmaker Seeks $1.1b to Cut Power Costs

Summary


BANGOR - What are stranded costs and what are they doing on my electricity bill?

That's what a Presque Isle legislator wants to know, so he has proposed a $1.1 billion bond to pay off certain debt accrued by utilities.

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Lawmaker Seeks $1.1b to Cut Power Costs

Democratic Rep. Jeremy Fischer doesn't believe the bond he's proposing will pass. He wants to initiate a discussion about why stranded costs take up a significant portion of Mainers' power bills.

"I wanted to bring a little bit of attention to stranded costs," Fischer said recently. "We're not going to bond $1.1 billion."

Attention is what Fischer is getting as conversations are swirling in the State House about th...

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