Cent. Me. Power Co. v. Pub. Utils. Comm’n

The Public Utilities Commission found that, from 2008 to 2010, Central Maine Power Company (CMP) had applied approximately $2.6 million worth of customer deposits to debts owed on its own transmission-and-distribution services when that portion of the deposits should have been applied to debts owed for standard-offer service. Accordingly, the Commission ordered CMP to remedy its misallocation of deposits between its separate receivables accounts. The Supreme Court affirmed the Commission’s decision, holding (1) the Commission correctly interpreted the governing statutes and regulations; (2) under the circumstances of this case, the Commission’s retroactive application of its new interpretation did not offend concepts of due process or reasonable notice; and (3) the Commission’s decision did not constitute improper retroactive ratemaking.View "Cent. Me. Power Co. v. Pub. Utils. Comm’n" on Justia Law