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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.
Citizen initiatives dominated the 2023 Maine election.
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
The no side of Question 3, the highest-profile referendum among the eight questions on Tuesday’s ballot, had 68 percent of votes to 32 percent for the yes side when the Bangor Daily News and Decision Desk HQ called the race at 10:03 p.m. Tuesday.
The outcomes may mean more natural gas plants in Texas, greater use of climate law funds in Kentucky and continuing the status quo in Maine and Mississippi.