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Versant Power

Published
July 14, 2021

CMP customers to see double-digit rate increase next month

The new rates approved by regulators Wednesday will hike Central Maine Power customers' bills by 11.5% starting Aug. 1.
Published
July 13, 2021

Mills vetoes bill calling for forced buyout of CMP and Versant Power

The governor calls the performance of Maine's electric utilities 'abysmal' but says the bill to form a consumer-owned utility was 'hastily drafted' could create more problems than it solves.
Published
June 30, 2021

Legislature passes consumer-owned utility bill after Maine Senate reverses course

But supporters would have to pick up additional votes to override a likely veto from Gov. Janet Mills, who has expressed concerns about the buyout of CMP and Versant Power's assets.
Published
June 29, 2021

Maine Voices: I don’t like CMP. But I don’t support a publicly owned Maine utility.

More aggressive enforcement by the PUC is a better way to ensure the utility is prepared for the dramatic demands on the grid we’re going to face.
Published
June 27, 2021

Maine Voices: Young Mainers will be inheriting the grid – we would like to own it

If we’re going to increasingly rely on electricity for our basic needs in the future, consumer ownership, not investor ownership, is the way to go.

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Published
June 18, 2021

Bill to form consumer-owned utility rejected by one vote in Maine Senate

The measure, which called for consumer purchase of Central Maine Power and Versant Power, cleared the Senate in a preliminary vote but was turned away on final enactment, dimming the bill's chances of passage this session.
Published
June 14, 2021

Former PUC commissioners: Don’t put politicians in charge of our electric grid

Maine will not be able to keep up its climate response in the midst of a costly takeover battle.
Published
June 13, 2021

Jim Fossel: Much could go wrong with government ownership of CMP, Versant

Maine would be better off using its regulatory powers to direct and hold accountable its investor-owned electric companies.
Published
June 2, 2021

Gov. Mills has reservations about buyout of utilities

The governor's concerns include the makeup and required expertise of the proposed public utility’s governing board.
Published
June 1, 2021

Bill to replace CMP and Versant with consumer-owned utility gains committee approval

The Energy, Utilities and Technology Committee's 9-2 vote, with 2 lawmakers absent, advances the bill for consideration by the full Legislature and, ultimately, Maine voters.