Page 44 - Pine Tree Power News Today

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.

Just like a bank would want to see a business plan before approving a loan, or a contractor would want to see a plan before building a home, we should demand to see a plan before we make the choice to support or oppose Pine Tree Power.

The referendum is expected to have a direct impact on Enmax’s ownership of Maine-based Versant Power, which it acquired in 2020 in a deal worth $1.8 billion.

The referendum is expected to have a direct impact on Enmax's ownership of Maine-based Versant Power, which it acquired in 2020 in a deal worth $1.8 billion.

I am not surprised that someone attached to Central Maine Power would come out against Pine Tree Power (“Kurt Pullman: The squeaky wheel gets the grease: Thoughts on why government-controlled power is wrong for Maine, July 16). After all, like politicians, the column’s author has his own financial gain attached to this issue. Sorry, but […]

Government control of the electric system and the proposed Pine Tree Power are bad models for electric utilities at this scale. I don’t want to be in the position again where I am forced to make a decision that I know is not in the best interest of my electric system, my customers or my team, just so that a politician can bolster their reelection prospects for another cycle.

Letter

I’m retired and doing my best to stretch my budget. Lately I’d been hearing about Pine Tree Power and its promises to lower my electric bills.

Over the years, Central Maine Power and Versant Power have applied for many rate increases for “capital improvements to the grid.” The Public Utilities Commission generates a detailed record on each proposal. The Pine Tree Power proposal urges Mainers to support the purchase and consolidation of these two distribution companies into a single consumer-owned nonprofit […]

Small-business owners are always worrying about work. Customers, payroll and inventory top the list of our worries. That’s why we appreciate any degree of certainty and consistency. If voters approve Pine Tree Power’s referendum to create a state electric utility, we’ll be faced with even more uncertainty and far less consistency. Essentially, we’ll be subjected […]