Mainers want to save money, reduce outages and, focused on climate change, exert more control over grid decision-making. How do we best achieve those ends?
Versant Power
Posted inBusiness, Election 2023, Maine, Politics
Question 3: What you need to know about the Pine Tree Power referendum
The highly contentious question would establish the framework for a new utility to deliver electricity in Maine.
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Posted inBusiness, Election 2023, Maine, Politics
Question 1: Voters would have a say in certain big spending
Conceived as a fail-safe in case Question 3 passes, Question 1 would require voter approval for certain government bodies to take on more than $1 billion in debt.
Posted inOp-Eds, Opinion
Commentary: With so much uncertainty, Pine Tree Power is a bad deal for Maine
Do we really want to be on the hook for ensuing litigation and billions of dollars in unpredictable costs?
Posted inBusiness, News
Mills urges voters to reject public utility takeover
The governor cited uncertainty about the long-term benefits of Pine Tree Power, and its initial cost.
Posted inBusiness, Maine, News
Prices at smaller utilities work their way into debate over Maine’s energy future
Backers of Pine Tree Power tout lower rates at customer-owned utilities, but comparing those rates with investor-owned utilities is complicated.
Posted inMaine Voices, Opinion
Maine Voices: Pine Tree Power critics have vastly exaggerated CMP’s, Versant’s likely cost
Federal filings, Maine law and regulations and the current market for public utility assets do not support the $13.5 billion figure cited in opponents’ ads.
Posted inBusiness, News
Maine utility ballot question likely to be tied up in court for years
An analysis by the state’s public advocate presents information, but few conclusions, about November’s utility referendum.
Posted inBusiness, Maine, News
Sierra Club endorses Maine publicly owned utility ballot question
Voters will decide on Nov. 7 whether the state’s power distribution system will be maintained by investor-owned utilities or a state-led nonprofit.
Posted inOp-Eds, Opinion
The Maine Millennial: Pine Tree Power will be a change for the better
Notice that opponents attack the referendum proposal instead of defending CMP.