Consumer Law
Regulators Will Investigate Allegations Against the Parent Company of Central Maine Power
Maine utility regulators will investigate allegations raised in a lawsuit against the parent company of Central Maine Power.
The investigation by the Maine Public Utilities Commission will focus on whether Avangrid’s expenditures are being passed on to CMP customers, or could be in the future.
The lawsuit brought by a cybersecurity expert late last month accused Avangrid Networks Inc. and Avangrid Inc. of rigging bids, racketeering and buying unnecessary equipment so it could charge higher electricity rates and increase its profits. Avangrid denied the allegations, described the plaintiff as a “disgruntled employee” and filed a defamation lawsuit.
