A big chunk of the clean-energy industry’s woes are macroeconomic. Some of the worst-hit companies started big, expensive projects before pandemic supply-chain bottlenecks helped send the cost of materials such as steel soaring, and interest-rate increases made financing more expensive. In the U.S., dozens of renewable-power developers have increased prices they are charging for electricity and rewritten contracts to try to recoup costs.
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Question 3 proposes replacing Maine’s two investor-owned utility companies Central Maine Power and Versant Power with a new company called Pine Tree Power.Pine Tree Power would be run by a 13-member board, staff to support them, and a private third-party operator they would hire to manage the day-to-day operations of the grid.