Under the controversial proposal, regulators would direct a buyout of Central Maine Power and Versant Power’s infrastructure to create a nonprofit utility serving roughly 800,000 customers.
Versant Power
Posted inMaine
What Maine is doing to tamp down the worst power outages in the nation
Maine continues to top most other states in the number and duration of power outages caused primarily by severe weather and downed trees, but regulators and utilities are aiming to improve upon that dubious distinction.
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Posted inBusiness, Maine
Costly power grid upgrade to boost renewables will test Maine’s commitment
It’s becoming clear that achieving Maine’s climate goals is going to require a makeover of its electric grid on a scale that hasn’t happened since the 1970s.
Posted inBusiness, Maine
Lack of support stalls Maine lawmaker’s push for consumer-owned power
A bill to replace privately owned electric utilities with a power authority run by an elected board was neutered at the last minute by its sponsor, Democratic Rep. Seth Berry. But Berry and other advocates aren’t giving up.
Posted inBusiness, Maine
Backers of consumer-owned power utility move to put question on Maine ballot
Supporters of replacing Maine’s investor-owned electric companies with an elected power authority filed a request with the Secretary of State’s Office on Sept. 18.
Posted inBusiness, Maine, News
Bill to replace CMP with public entity faces key vote Friday
A legislative committee is set to decide whether to send the measure, which also would affect Versant Power, to the full Legislature.
Posted inBusiness, Maine, News
Recently sold Emera Maine rebrands itself as Versant Power
The electric utility, which serves northern and eastern Maine, was purchased in March by Enmax Corp., a western Canadian utility.