Versant Power
Investor Owned electric utility · Maine · #174 of 3,199 U.S. utilities by customers · EIA utility #1179
Versant Power is a investor owned electric utility serving 155,317 customers in Maine. In 2025 it sold 1,377 gigawatt-hours of electricity for $363.54M in revenue, an average realized rate of 26.40¢ per kWh across all customer classes and 30.15¢ per kWh for residential customers. Its reported service territory covers 6 counties. EIA records its activities as: transmission, distribution.
Customers, sales and rates by customer class (2025)
| Class | Customers | Sales (GWh) | Revenue | Avg realized rate | Share of sales |
|---|---|---|---|---|---|
| Residential | 131,540 | 783 | $236.04M | 30.15¢ | |
| Commercial | 23,742 | 560 | $121.27M | 21.67¢ | |
| Industrial | 35 | 34.3 | $6.23M | 18.17¢ | |
| Total | 155,317 | 1,377 | $363.54M | 26.40¢ |
Average realized rate = revenue divided by sales as reported on EIA Form 861. It blends fixed charges, demand charges and riders into one per-kWh figure; it is not the utility's tariff rate. Estimated residential bill assumes the average residential customer's actual 2025 usage (496 kWh/month).
Five-year trend
| Year | Customers | Sales (GWh) | Revenue | Residential rate |
|---|---|---|---|---|
| 2021 | 150,014 | 1,212 | $197.51M | 17.68¢ |
| 2022 | 153,058 | 1,389 | $278.78M | 23.33¢ |
| 2023 | 154,059 | 1,450 | $353.03M | 29.09¢ |
| 2024 | 154,255 | 1,386 | $339.57M | 28.08¢ |
| 2025 | 155,317 | 1,377 | $363.54M | 30.15¢ |
Reliability (2025)
Average outage time (SAIDI): 500 minutes per customer per year
Average outages (SAIFI): 2.38 per customer
Average restoration time (CAIDI): 210 minutes
As reported for Maine under the IEEE standard, with major event days included where the standard reports them. Lower is better; see the reliability rankings.
Energy supply (2025)
Net generation: — GWh
Wholesale power purchased: 2,061 GWh
Winter peak demand: 367 MW
Meters & rooftop solar (2025)
Smart (AMI) meters: 99.8% of 165,611 meters
Customer-sited generation (net metering): 14,727 installations, 306.9 MW of capacity
This utility also reported 10,094 delivery-only customers (529 GWh delivered) in 2025. Delivery figures are excluded from the totals above because the same electricity is also reported by the energy supplier - see Methodology.
Counties served
Aroostook, MEHancock, MEPenobscot, MEPiscataquis, MEWaldo, MEWashington, ME
Other large utilities in Maine
- Central Maine Power Co - 592,687 customers, residential 27.41¢
- Electricity Maine, LLC - 15,645 customers, residential 15.65¢
- Eastern Maine Electric Coop - 13,231 customers, residential 19.36¢
- Kennebunk Light & Power Dist - 7,596 customers, residential 13.46¢
- FairPoint Energy LLC - 5,560 customers, residential 17.68¢
- C. N. Brown Electricity, LLC - 5,516 customers, residential 11.28¢
- Houlton Water Company - 5,496 customers, residential 14.16¢
- XOOM Energy Maine, LLC - 4,016 customers, residential 13.61¢
Source: U.S. Energy Information Administration, Form EIA-861 2025 (filed by the utility; figures as published). Utility #1179 in the EIA frame.