Bangor Hydro and Maine Public Service are regulated electric transmission and distribution utilities. Both companies are wholly owned by Emera, a full-service energy company based in Nova Scotia.
Emera first invested in Maine in 2001, when it purchased Bangor Hydro Electric Company. In 2010 it purchased Maine Public Service. The two utilities filed for merger approval in 2012.
In 2014, the utilities will officially become one company underone name, so stay tuned for the details. The name will change but we are still the same friendly, knowledgeable staff you’ve grown to trust.
Our two great companies make one powerful team and the benefits of merging are many. We have already saved morethan $2.5 million annually by consolidating operations. Those savings have helped keep rates stable. We’ve identified the potential to save an additional $2.1 million, which we areactively pursuing.
Together with Emera we are stronger. Since purchasing Bangor Hydro and Maine Public Service, Emera has invested more than $350 Million in transmission infrastructure and approximately $150 Million in distribution upgrades in the State of Maine, while over that same time period holding electric rates stable for most customers.
Through investments it its Maine utilities, Emera has implemented long-term initiatives aimed at saving customers money. Smart Grid technology and a heat pump pilot program helped customers use power more efficiently.
Emera is very proud to do business in Maine and we believe in giving back to the communities where we live and work. We have contributed more than $2.7M throughout the State of Maine, including our recent $1M donation to the University of Maine for the new Emera Astronomy Center.
Learn more about Emera, Inc.
Learn more about Bangor Hydro and Maine Public Service