CMP and Versant tell a lot of whoppers these days. It’s understandable. They want to hang onto the monopoly privilege we give them, and can easily take back.
To their owners, we are worth at least $187 million in annual profits. That’s more than all their Maine workers are paid, combined.
One whopper is that they “may not invest” during a shift to Pine Tree Power. If you ever sold a home, didn’t you clean it up to get a better price? It works the same way when a utility is acquired.
Question 3 also provides resources to the public utilities commission to oversee the shift, and requires them to ensure CMP and Versant “cooperate fully, promptly and cost-effectively.” If they fail to, they’ll get paid a lot less.
Want more facts? Visit the nonpartisan Citizen’s Guide to the Referendum Election, published at maine.gov/sos. Question 3 is on pages 31-36.
Seth Berry
Bowdoinham
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