Stay updated with breaking news from Security Limits Inc. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A cybersecurity firm sued the parent company of Central Maine Power Co. in federal court this week, alleging it engineered a bid-rigging scheme in the tens of millions of dollars aimed at increasing payouts from ratepayers.
Court complaint outlines scheme to generate millions in wasteful equipment expenditures in New York, Connecticut and Maine
New filing brings controversy to proposed utility merger in New Mexico
Central Maine Power's parent company Avangrid and the Spanish global energy company Iberdrol are being accused of bid rigging and racketeering
The plaintiff alleges Avangrid bought unnecessary equipment knowing it could recover the costs through higher electricity rates for customers in Maine and elsewhere.