Page 15 - Pine Tree Power News Today

Maine was served by home-grown electric utilities for over a century. Today, CMP and Versant are for-profit foreign corporations that sent $187 million in profits out of country last year. They have fossil fuel interests in Spain, Canada, Norway, and the Middle East and are so afraid of losing these profits that they are spending […]

The state has a chance to oust unpopular investor-owned utilities — and set a precedent for the rest of the country.

To the Editor: I urge citizens to vote “yes” on Pine Tree Power/Ballot Question Three, a crucial decision that directly impacts our state’s power grid. This issue is far more than just a matter of energy infrastructure; it’s about safeguarding our independence and national security. Owning our power grid is not just about energy; it’s […]

WASHINGTON (AP) — Maine voters will decide the fate of eight statewide ballot measures in an election Tuesday, including a proposal to ban foreign influence on elections and another that would dismantle the state’s two largest electric utilities. Question 2 asks voters to ban foreign governments and entities they “own, control, or influence” from making […]

"Consider this: The cost of installing solar panels and battery storage today could be equivalent to the financial commitment required to buy these utilities."

BAR HARBOR — Presidential election years always have a lot of hype, with ad campaigns, polls, debates and rallies, but what about off-year elections? When there are no candidates on

The cost would be massive. The expertise of an elected board would be lacking.

Statements supporting Pine Tree Power have lacked some important detail regarding costs and profits of the proposed publicly owned utility. The contention that the utility would not pay profits to anybody overlooks the fact that the company hired to manage the operations likely will be part of an out-of-state utility, which will expect to receive […]

"A consumer-owned utility’s 'owners' are its participating citizens, so projects with broad social benefits can — and likely would — be undertaken."

There is no reason to believe that putting Mainers in charge of our electricity grid would produce better results.