Versant Power
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PublishedOctober 22, 2023
Public power question sharpens voters’ concerns about what’s at stake
A proposal to take over the state's two investor-owned utilities raises worries about reliability, politics, workers' rights, lawsuits and costs. Some are still in the dark.
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PublishedOctober 13, 2023
Commentary: Question 3 aims to fix what’s wrong with CMP, Versant
Their rates are too high and their reliability is too low. And they’ve had plenty of time to fix both and haven’t.
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PublishedOctober 10, 2023
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.
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PublishedOctober 2, 2023
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.
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PublishedOctober 2, 2023
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.
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PublishedSeptember 29, 2023
Commentary: With so much uncertainty, Pine Tree Power is a bad deal for Maine
Do we really want to be on the hook for ensuing litigation and billions of dollars in unpredictable costs?
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PublishedSeptember 20, 2023
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.
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PublishedSeptember 19, 2023
Prices at smaller utilities work their way into debate over Maine’s energy future
Backers of Pine Tree Power tout lower rates at customer-owned utilities, but comparing those rates with investor-owned utilities is complicated.
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PublishedSeptember 14, 2023
Maine Voices: Pine Tree Power critics have vastly exaggerated CMP’s, Versant’s likely cost
Federal filings, Maine law and regulations and the current market for public utility assets do not support the $13.5 billion figure cited in opponents’ ads.
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PublishedSeptember 5, 2023
Maine utility ballot question likely to be tied up in court for years
An analysis by the state's public advocate presents information, but few conclusions, about November's utility referendum.
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