Page 7 - Pine Tree Power News Today

Power companies can be publicly or privately owned and may report to corporate boards, local governments or co-op members. But there’s no one best way to deliver electricity reliably and affordably.

Maine voters had a chance Tuesday to fundamentally reshape their energy system by taking over their two for-profit electric utilities and creating a new community-owned energy company. But more than two-thirds of voters said no to that proposal in the off-year election.

Power companies can be publicly or privately owned and may report to corporate boards, local governments or co-op members. But there’s no one best way to deliver electricity reliably and affordably.

Maine voters faced a busy ballot on Tuesday in an off-year election. Mainers turned down an attempt to oust the states corporate-owned electric utilities, while they approved one to stop

A proposal to create a publicly owned utility by taking over Maine's 2 big investor-owned utilities failed by a wide margin in Tuesday voting.

Question 3 looked to establish the Pine Tree Power Company through a forced buyout of Central Maine Power and Versant Power.

The referendum calls for dismantling Central Maine Power and Versant Power and replacing them with a nonprofit utility called Pine Tree Power.

There will be no Pine Tree Power electric utility in Maine.

The solid statewide turnout in an off-year election seems to be driven by the Pine Tree Power referendum.

PORTLAND, Maine (AP) — Maine voters turned down an attempt to oust the state’s corporate-owned electric utilities among several ballot initiatives Tuesday, and approved one to stop foreign spending in