{"id":55636,"date":"2023-02-08T18:37:25","date_gmt":"2023-02-08T23:37:25","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/maine-public-utility-project-supporter-aims-to-stop-vote-on-debt-55636"},"modified":"2023-02-08T18:37:25","modified_gmt":"2023-02-08T23:37:25","slug":"maine-public-utility-project-supporter-aims-to-stop-vote-on-debt","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/maine-public-utility-project-supporter-aims-to-stop-vote-on-debt-55636","title":{"rendered":"Maine public utility project supporter aims to stop vote on debt"},"content":{"rendered":"
\n

A supporter of a proposal to create a consumer-owned electric utility<\/a> is suing to stop a separate popular vote that could stymie the effort by restricting long-term debt needed to buy out the existing utilities.<\/p>\n

The lawsuit filed Monday asks a judge to reverse the secretary of state\u2019s certification of petitions allowing the debt referendum to appear on the November ballot alongside one to create a new utility.<\/p>\n

The secretary of state certified 68,807 signatures were valid, surpassing the threshold for a statewide vote by 1,125 signatures. But the lawsuit contends at least 3,200 approved signatures were actually invalid.<\/p>\n

MAINE VOTERS’ PUSH FOR PUBLIC UTILITIES COULD CREATE BALLOT CONFLICT<\/strong><\/a><\/p>\n

Secretary of State Shenna Bellows declined to comment Wednesday.<\/p>\n

No Blank Checks, which is pressing for voter approval of long-term debts, dubbed the legal action a “frivolous” attempt to prevent voters from weighing in.<\/p>\n

“These lawsuits and partisan political games are just a taste of what we would be in for if Pine Tree Power got control of our electric grid,” Willy Ritch, executive director of No Blank Checks, said in a statement Wednesday.<\/p>\n

The lawsuit was brought by Bill Dunn, an electric utility consultant from Yarmouth who is part of Our Power, the group leading effort to create a new utility.<\/p>\n

Supporters of a consumer-owned utility say poor performance and high electric rates warrant shuttering Central Maine Power<\/a> and Versant Power and replacing them with an new entity called Pine Tree Power.<\/p>\n

MAINE REGULATORS GREENLIGHT NEW WIND POWER PROJECT<\/strong><\/a><\/p>\n

No Blank Checks contends it would cost $13 billion to buy out the existing utilities \u2014 negating any anticipated savings. Its referendum would require voter approval for debts exceeding $1 billion to buy out the privately owned utilities.<\/p>\n

Both proposals would have to first be considered by state lawmakers. They would go to voters in November if lawmakers declined to adopt the proposals.<\/p>\n

The Maine Legislature<\/a> approved a proposal in 2021 to buy out CMP and Versant and replace them with Pine Tree Power.<\/p>\n

Democratic Gov. Janet Mills vetoed the bill, saying that the utilities\u2019 performance was “abysmal” but that the proposal was “deeply flawed.”<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/politics\/maine-public-utility-project-supporter-aims-stop-vote-debt <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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