Mark Cayer, Jason Levesque, Michael Foley, David Rollins: Local mayors skeptical of CMP/Versant takeover legislation

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A quasi-governmental takeover of Maine's electric grid risks means higher local taxes.
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Over the past month, there has been much debate in Augusta over whether Maine should forcibly seize the assets of Central Maine Power and Versant Power and establish a new governmental entity dubbed “Pine Tree Power” to take ownership of Maine’s electric grid.
As local mayors, we believe this proposal would hurt local government and our constituents, and we urge Maine lawmakers to reject LD 1708 when they return to the State House later this month.
This is an extremely complicated proposal that, if passed, would cost billions of dollars and be one of the most significant pieces of legislation to emerge from Augusta in decades. Legislation of this nature requires careful deliberation and study.

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