Maine legislative committee votes to pass proposed consumer-owned Pine Tree Power company
The vote to pass was 9-2. Pine Tree Power would be free of state control and its board of directors would be chosen by ratepayers. Author: Chelsea Bard (NEWS CENTER Maine), Don Carrigan Published: 12:04 PM EDT June 1, 2021 Updated: 12:16 PM EDT June 1, 2021
AUGUSTA, Maine A Legislative Committee is supporting a massive change for Maine’s electric utilities.
The Maine Legislative Committee on Energy, Utilities, and Technology voted Tuesday to move forward with the proposed bill that would force CMP and Versant Power to sell their assets to a Maine consumer-owned non-profit corporation to be called Pine Tree Power.
Advocates of consumer-owned power utility unveil plan to oust CMP, Versant
A bipartisan coalition of lawmakers and advocates is touting a proposal to revoke the monopoly status of the state’s 2 largest power distribution companies and force them to sell their assets to a consumer-owned nonprofit.
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Staffers with Our Power remove signs in Augusta after a news conference on Monday about legislation to create a consumer-owned nonprofit power utility in Maine that would be overseen by an elected board. Andy Molloy/Kennebec Journal
A consumer-owned, nonprofit corporation would take over for electric companies Central Maine Power and Versant Power under a bill announced Monday by a bipartisan group of Maine legislators and advocates for a locally owned utility.