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Consumer-owned utility advocates plan to oust CMP, Versant
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.
Consumer-owned utility advocates plan to oust CMP, Versant
PORTLAND, Maine (AP) — A bipartisan group of Maine legislators have introduced a bill that would allow a consumer-owned nonprofit corporation to take over state utility services from Central Maine Power and Versant Power. Rep. Seth Berry, D-Bowdoinham,
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