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If Mainers vote yes, they will make history – endorsing a first-of-its-kind plan to create a state-level, public power company through a hostile takeover.But the parent companies of the existing utilities are spending millions to try and stop that.
It’s a vote which experts say could reverberate around the country as legacy, investor-owned utilities are being challenged to decarbonize while state officials adopt more aggressive climate agendas amid customer frustration at high rates and outages.
“This is one ship they don’t want to see launched,” said Kenneth Colburn, a former consultant with the global energy policy firm Regulatory Assistance Project, speaking about investor-backed utilities across the US. “Because it could turn into an armada.”
But how voters cast their ballots may come down to an article of faith. That’s because voters won’t have a definite date for the creation of the new entity, nor certainty on how it would affect their electric bills. If the ballot initiative to create Pine Tree Power wins, that’s just the beginning. Next, the value of each utility’s assets must be calculated and paid to the companies. The companies are currently worth some $5.4bn, according to their latest company reports. But CMP says the ultimate sales figure could jump to $13.5bn.
And no one can be sure how many years it could take for the inevitable legal challenges to play out. Our Power estimates three-to-four years. Maine Affordable Energy says 10 years is more likely.
As part of their influence campaign, the utilities are paying three former Maine legislators to persuade Mainers to vote “no” on the Pine Tree Power plan, public records and interviews show.
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| https://ecuactionfund.org |

Just gonna say it.— David Jolly (@DavidJollyFL) October 21, 2018
I don't think there's anything wrong with confronting elected officials in public. Nothing. Zero. We should do more of it.
It is who we are as Americans.
Channel Thoreau. Do it.
No politician was conscripted to serve. They asked for the opportunity.

WHAT A HERO:— Kaivan Shroff (@KaivanShroff) July 3, 2018
"Hi, (to Scott Pruitt)
I just wanted to urge you to resign...
This is my son, he loves animals....
He loves clean air...
He loves clean water...
**reads list of Pruitt's crimes/failures**
So, I would urge you to resign
before your scandals push you out." pic.twitter.com/CRETdb13sB

"I'm supposed to be recovering ... and I can't do that if these things are still going to be happening."— CNN (@CNN) March 23, 2018
Using cell phones, six Parkland survivors chronicled their lives in the weeks after the shooting. Their stories tonight, 9p ET on CNN #ParklandDiaries https://t.co/FHVLh5RY5K pic.twitter.com/7NBh50lY3Z

Bad guys good guys pic.twitter.com/jAwmoii0q7— someone (@Sadenss) February 12, 2018
Half the town of Stanley, Idaho (pop. 63) came out in a snowstorm to march in peace & solidarity w/ men, women, & children on 7 continents. pic.twitter.com/tLPCognu2t— Carole King (@Carole_King) January 22, 2017