Maine voters reject effort to create the first statewide public power company
A historic referendum asked voters in Maine if they wanted to replace their privately owned utilities with a publicly owned one.
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A historic referendum asked voters in Maine if they wanted to replace their privately owned utilities with a publicly owned one.
The referendum, known as Question 3, would have set in motion a process for a newly-formed consumer owned utility — the Pine Tree Power Company — to buy out CMP and Versant and provide electricity to most of Maine
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The rejection, on Tuesday’s ballot referendum, leaves the state’s electric grid in the hands of two unpopular private companies.
Maine residents voted no to the proposal to take over its two largest corporate-owned utilities. Advocates say the Pine Tree Power proposal would have helped keep electric rates low, drive renewable energy initiatives and relieve consumer billing and outage concerns.