Pine Tree Power: What it would take for proposed utility company to take over Proponents of the plan say the transition could take place as soon as 2025. Opponents predict a lengthy and costly legal battle with CMP and Versant. Author: Hannah Dineen (NEWS CENTER Maine) Published: 7:06 PM EDT July 7, 2021 Updated: 7:06 PM EDT July 7, 2021 MAINE, USA — There are a lot of things that would have to happen in order for the Pine Tree Power Company, a proposed nonprofit, privately operated utility company, to replace Central Maine Power and Versant Power as Maine's primary electric provider. First and foremost, it has to make it off Governor's Mills desk through her signature, or by expiration. According to the governor's office, she has until July 13 to sign or veto the bill before it would automatically go into effect.