Letter to the Editor: Consumer-Owned Utilities Will Empower Mainers
This year, Central Maine Power and Versant Power both announced plans to raise rates in 2023. This is yet another blow to Mainers. They cite rising costs as the reason. Even at a time when corporate profits are at record highs, we consumers are being “asked” to make up the difference.
By now you may have heard of the citizens’ initiative to create the Pine Tree Power Co. If passed and passed in November 2023, it will create a consumer-owned utility to replace CMP and Versant as than Maine’s electric utility. Consumer-owned utilities are run by an elected board, working closely with experts to deliver efficient service. Even better, our consumer-owned utility would be owned by the residents of Maine.
Despite what CMP-funded initiatives claim, the move to a public service will not be at taxpayers’ expense; in fact, taxpayers could save more than $9 billion over the next 30 years. Pine Tree Power will be built and staffed by current CMP and Versant workers, and they will retain their union contracts.
A consumer-owned utility will allow Mainers to be part of the process. We will elect representatives, attend meetings and guide our sustainable energy future. We will stop investing in comfortable futures contracts for anonymous shareholders and start investing in ourselves. A consumer-owned utility is our best bet for our financial security, our climate, and our future generations.
Across the state, volunteers are spreading the word and getting the vote; visit ourpowermaine.org to review the full initiative, ask questions, and join the Pine Tree Power movement.