WebDec 31, 2024 · In response to Mills’ veto, Our Power launched a signature-gathering effort this fall to put the question of whether to form the Pine Tree Power Company on the November 2024 ballot. Supporters will need to collect a little over 63,000 signatures by the end of January to successfully trigger a vote on the issue in 2024. The Pine Tree Power Company will be a not-for-profit electric utility for those parts of Maine now served by Central Maine Power and Versant. It will be governed by a board we choose, accountable only to us, and focused on meeting our goals for clean energy independence, lower costs, better reliability, and improved … See more Investor-owned utilities (IOUs), including CMP and Versant (formerly Emera, formerly Bangor-Hydro), are managed to provide profits for shareholders. A consumer … See more Across the nation, 28% of customersare served by consumer-owned utilities. These COUs serve people in 49 states and the 5 inhabited U.S. territories. See more Yes, and we can learn a great deal from the successes and challenges of others. For instance, Winter Park, Floridaconverted from an investor-owned to a … See more Yes. Maine has a history of locally-owned electric, water and telephone utilities. Currently part or all of 97 of Maine’s 488 communities are served by consumer … See more
Old lumber site in Albemarle Co. to be used for solar panel project
WebApr 19, 2024 · The new bill would create a utility, the Pine Tree Power Co., which would be independent of the state and run by a board of seven voting members elected by Maine … WebJan 31, 2024 · The wording of the citizens’ initiative question entitled “ An Act To Create the Pine Tree Power Company, a Nonprofit, Customer-owned Utility ” will be: “Do you want to create a new quasi-governmental power company governed by an elected board to acquire and operate existing for-profit electricity transmission and distribution facilities in Maine?” thoroton close andover
Proposed ‘Pine Tree Power Company’ would replace …
WebDec 13, 2024 · The Pine Tree Power campaign aims to replace Maine’s investor-owned electric utilities, Central Maine Power and Versant Power, with a consumer-owned … WebApr 26, 2024 · Looking ahead, future costs would be lower because Pine Tree Power could use tax-exempt revenue bonds to finance its infrastructure at interest rates of 2 to 3 percent, compared with 8 to 14 percent for the IOUs, reducing future capital expenditures and saving $9 billion over 30 years, according to Our Power’s website. WebPine Tree Power Company measure On May 13, 2024, the Pine Tree Power Company Measure was introduced to the Maine House of Representatives by State Rep. Seth Berry … thoroton farm