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Maine considers consumer-owned electric utility Published on May 10, 2021 by Jaclyn Brandt © Shutterstock Maine lawmakers have again proposed creating a new nonprofit, consumer-owned electric utility to replace two investor-owned utilities in the state, a move the electric companies say would cost billions of dollars to implement and delay the state reaching its clean energy goals. Central Maine Power Co. (CMP) and Versant Power are the two investor-owned utilities that currently serve the state. A bipartisan group of lawmakers, including state Rep. Seth Berry (D-Bowdoinham), House chair of the Energy, Utilities and Technology Committee and sponsor of the bill, say a consumer-owned utility would improve service and lower rates. Berry introduced a similar bill in 2020 that died in the legislature.

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