Recently retired from a career in risk management and insurance, specializing in power and utilities, I see nothing but unnecessary risk to Maine’s stakeholders in Question 3.
The bill lacks integration plans or operating framework for the complex and rapidly evolving businesses of CMP and Versant. The astronomical cost to ratepayers for the forced seizure of these assets will make it difficult to maintain essential grid reliability and safety needed for emerging cyber and environmental requirements. Worst of all is the politicized leadership. The elected board will lack the requisite risk matrix required for this essential infrastructure. Remember: There’s no requirement for any expertise whatsoever to be elected to that board.
There’s a reason why Maine businesses and Maine labor have joined forces to oppose Pine Tree Power. It’s a truly bad idea.
Christopher Scontras
Cape Elizabeth
Comments are not available on this story. Read more about why we allow commenting on some stories and not on others.
We believe it's important to offer commenting on certain stories as a benefit to our readers. At its best, our comments sections can be a productive platform for readers to engage with our journalism, offer thoughts on coverage and issues, and drive conversation in a respectful, solutions-based way. It's a form of open discourse that can be useful to our community, public officials, journalists and others.
We do not enable comments on everything — exceptions include most crime stories, and coverage involving personal tragedy or sensitive issues that invite personal attacks instead of thoughtful discussion.
You can read more here about our commenting policy and terms of use. More information is also found on our FAQs.
Show less