| Type | Public |
|---|---|
| Industry | Energy |
| Founded | (1918) |
| Headquarters | Charlottetown, Prince Edward Island, Canada |
| Area served | Prince Edward Island |
| Products | Electricity |
| Parent | Fortis Inc. |
| Website | maritimeelectric.com |
Maritime Electric is the supplier of electricity in Prince Edward Island, Canada. Maritime Electric is a public utility regulated by the Island Regulatory and Appeals Commission (IRAC) under the Electric Power Act and the Renewable Energy Act. Electricity rates and directives over all operations and expenditures are subject to IRAC’s approval.[1]
On November 13, 2009, it was announced that the PEI government is in discussion with the province of Quebec in regards to providing electric power between the two provinces, which could lead to a long-term supply contract with Hydro-Québec, the construction of a submarine transmission line linking PEI and the Magdalen Islands, and, pending Fortis' involvement, the sale of Maritime Electric to Hydro-Québec.[2] This followed the announcement of Hydro-Québec's proposed purchase of most of NB Power's assets two weeks earlier [3] (which would later fail in March 2010).[4]