Do we really want to be on the hook for ensuing litigation and billions of dollars in unpredictable costs?
Versant Power
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.
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Posted inBusiness, Local & State, 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, Local & State, 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.
Posted inBusiness, Local & State, News, Politics
Millions of dollars in foreign campaign funds pour into Maine as lawmakers push to ban them
Lawmakers say they will try to override Gov. Janet Mills’ veto of the foreign spending ban, but it won’t prevent foreign-owned companies from pouring money into Maine politics this fall.
Posted inBusiness, Local & State, News
Here’s why electricity bills in Maine are getting more expensive this month
The Maine Public Utilities Commission explained some of the reasons for multiple rate changes that are beginning to impact customer bills.
Posted inBusiness, Local & State, News
Amid rising electric bills, a decrease in the cost of supply will soften the blow for many
The ‘standard offer’ that many Mainers pay for the supply of their electricity will decrease starting July 15, after the Maine Public Utilities Commission adjusted the rate. Overall electric bills will still rise, but not as much.