- Apr 21, 2021 2:03 am GMT
Should natural monopolies be transformed? Maine’s two largest power distribution companies, Central Maine Power and Versant Power, could be forced to give up their monopoly status and sell their assets to a new consumer-owned nonprofit corporation. Utilities are natural monopolies because high infrastructural costs make it impractical to have multiple firms producing and delivering electricity. Will a new arrangement meet the energy needs of the state? What are the pros and cons of a municipal electric utility company? Details on the proposed bill and the transition plans have not yet been released.
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