Page 25 - Pine Tree Power News Today

ROCKLAND -- The Rockland City Council is on record in support of replacing the states two privately-owned electrical utility companies with a consumer-owned entity.

The report details the timeline for when supporters hope to complete the takeover of Maine’s two largest utility companies.

Under Pine Tree Power, Mainers will call the shots, not executives in a boardroom with one eye on Wall Street.

The initial investment will be more than covered by the ratepayer savings over the next three decades.

The prospect of “earning” billions of dollars over time is driving the current owners of Central Maine Power and Versant to fight tooth and nail to maintain control. Regulators guarantee these monopolies generous rates of return on equity invested as recompense for their services. In addition, they are allowed to defer a significant amount of […]

There’s something in the air at Bowdoin, and it’s local politics. The Brunswick Town Council just unanimously approved a new ordinance expanding opportunities…

Pine Tree Power is a political ploy. It is to become a platform for Southern New England’s quest for “clean energy.” For the last 10 years, politicians have used its regulatory authority to contract more wind, solar and battery storage using the investor-owned public utilities (Central Maine Power and Versant) as the middleman. The middleman […]

Southport resident Climo Smith was one of nearly two dozen attendees Oct. 13 at a Pine Tree Power informational session in Boothbay Harbor, and he asked the question on everybody’s mind. “How will ratepayers pay for the estimated $13.5 billion in...

Question 3 (Pine Tree Power) in the upcoming election is a shaky proposition that raises more questions than it answers. Nobody knows exactly how much it will cost. Most agree it will take billions of dollars to buy out the electric utilities. If adopted, it will likely take between five and 10 years of litigation […]

Their rates are too high and their reliability is too low. And they’ve had plenty of time to fix both and haven’t.