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On Election Day, just five weeks away, Mainers will be asked whether the state should buy out Central Maine Power and Versant Power and replace them with a customer-owned, nonprofit utility.
Backers say the new entity, dubbed Pine Tree Power and overseen by a publicly elected board, would deliver lower-cost, more reliable electricity.
Opponents including CMP, Versant and Gov. Janet Mills dispute that claim, and point out that Maine would have to borrow billions of dollars in order to take over the two investor-owned companies.
There's disagreement about other points, too. Pine Tree Power supporters cite examples of consumer-owned utilities that have successfully reduced electric rates and improved service. However, the examples involve small, local utilities; no other state has placed control of its entire electric system under a single operator.
For good or bad, passing the Pine Tree Power referendum would mean profound changes for Maine businesses and consumers.
Sponsored by: GoNetspeed, a fiber internet provider
On Election Day, just five weeks away, Mainers will be asked whether the state should buy out Central Maine Power and Versant Power and replace them with a customer-owned, nonprofit utility.
Backers say the new entity, dubbed Pine Tree Power and overseen by a publicly elected board, would deliver lower-cost, more reliable electricity.
Opponents including CMP, Versant and Gov. Janet Mills dispute that claim, and point out that Maine would have to borrow billions of dollars in order to take over the two investor-owned companies.
There's disagreement about other points, too. Pine Tree Power supporters cite examples of consumer-owned utilities that have successfully reduced electric rates and improved service. However, the examples involve small, local utilities; no other state has placed control of its entire electric system under a single operator.
For good or bad, passing the Pine Tree Power referendum would mean profound changes for Maine businesses and consumers.
Why should a state and its voters be allowed to take privately held companies? That's the question that should scare the devil out of all Maine people. Simply by allowing this question on the ballot, the people behind this referendum have jeopardized Maine's reputation as a place to run a business. I hope we all reject this dangerous policy.
why would I want the government to get involved with supplying my electricity? I think our government local and federal are too big as it is. I don't want them controlling more stuff especially something as important as our electricity supply. NO THANKS
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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It's not just the thought of government takeover of private enterprise, it is the fact that it is illegal for government to compete with a private entity when the bottomless supply of taxpayer money can undermine the concept of fair competition. In fact, it creates a state owned monopoly. Put that in your antitrust pistol and fire.