There are a few things I haven’t seen on Pine Tree Power commercials.
First, Central Maine Power is in the process of building a billion-dollar transmission line to Massachusetts. Is this going to be included in the takeover, and if so, does that mean it will be $14.5 billion bond?
Pine Tree Power will not be buying power generation, so will Pine Tree Power continue to include the “non-CMP supplier standard offer” or other supplier offers, or will we start getting two power bills?
I also see in my bill the power supplier is the biggest part of my bill, so will Pine Tree Power try to take over the power suppliers next?
Also, does anyone honestly believe CMP and Versant will agree with the $13.5 billion value? They have spent millions of dollars fighting the proposal so far, so I have no doubt they will spend millions of dollars fighting the offer, no matter what it is.
No one has said what the payment on a $13.5 billion bond will be, or if the state can float a $13.5 billion bond. If the state can float such a bond, will it reduce the state bond rating?
For just a little perspective, the state of Maine bond debt was $4.8 billion dollars in fiscal year 2019.
Jim Hodsdon, Lewiston
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