1st Statewide Publicly Owned Utility

What’s happening? A bipartisan group of Legislators in Maine are pushing to create the nation’s first statewide owned utility.

Why is this important? The new statewide entity would “issue bonds to purchase the assets of the state’s two investor-owned utilities, Central Maine Power, a subsidiary of Avangrid and the state’s largest utility, and Versant Power, formerly known as Emera Maine.”

How will this be important? The goal is to make Maine the first statet o reach its 100% renewable energy state.

Utility Dive | Bipartisan Maine lawmakers push to create first statewide, publicly-owned utility in US