The money is expected to be used to buy equipment mounted on the poles that will act like circuit breakers and allow the grid to rebalance more quickly following outages.
central maine power
Posted inBusiness, Election 2023, Maine, Politics
Foreign ownership in CMP parent clouds 2 ballot measures
A foreign government’s ownership stake in a utility is complicated, and some experts say it doesn’t matter anyway because ownership of a regulated utility doesn’t translate into governance.
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Posted inBusiness, Election 2023, Politics
Conservation Law Foundation opposes public power measure
The New England environmental group’s stance on the controversial Pine Tree Power ballot initiative differs from that of 2 other well-known conservation groups.
Posted inBusiness, Maine, News
Who could be a third-party operator? Here’s the test
As part of the legislation connected with Question 3, the Public Utilities Commission would determine that a transmission and distribution utility that serves more than 50,000 customers is considered “unfit” to operate if four or more of the conditions listed below are met. Using this criteria, neither Central Maine Power not Versant could be considered […]
Posted inBusiness, Maine
If there’s a new Maine utility, who will manage it?
Politics, qualifying credentials and managerial expertise collide in the debate over who would operate a publicly owned utility.
Posted inMaine
Saturday’s storm hit northern, coastal Maine with power outages
Saturday’s storm delivered some rain and breeze for southern and central Maine, but the Down East region got clobbered with heavy amounts of rain and strong winds.
Posted inBusiness, Election 2023, Maine, News, Politics
Natural Resources Council of Maine backs public utility ballot measure
The state’s most well-known environmental advocacy group says that Pine Tree Power ‘offers our best chance to advance the clean energy transition with the accountability, creativity and collaboration necessary to keep costs as low as possible.’
Posted inBusiness, Election 2023, Maine, Politics
Question 3: What you need to know about the Pine Tree Power referendum
The highly contentious question would establish the framework for a new utility to deliver electricity in Maine.
Posted inBusiness, Election 2023, Maine, Politics
Question 1: Voters would have a say in certain big spending
Conceived as a fail-safe in case Question 3 passes, Question 1 would require voter approval for certain government bodies to take on more than $1 billion in debt.
Posted inBusiness, News
Mills urges voters to reject public utility takeover
The governor cited uncertainty about the long-term benefits of Pine Tree Power, and its initial cost.