Regulators to review Emera takeover of Maine and Maritimes

Maine regulators to review utility takeover

AUGUSTA, Maine — Maine utility regulators will hold two days of hearings this week on Emera Inc.’s acquisition of Maine and Maritimes Corp.

Emera is the parent company of Bangor Hydro Electric Co., and Maine and Maritimes is the parent company of Maine Public Service Co.

The Public Utilities Commission has scheduled expert witness hearings for Tuesday and Wednesday on the acquisition. Expert witnesses for the parties will be cross-examined on their previously filed testimony and will respond to questions from the PUC and other parties.

Bangor Hydro, Maine’s second-largest transmission and distribution utility, is a wholly owned subsidiary of Nova Scotia-based Emera. Maine Public Service, Maine’s third largest transmission and distribution utility, is headquartered in Presque Isle.