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Versant Power

Published
June 13, 2021

Jim Fossel: Much could go wrong with government ownership of CMP, Versant

Maine would be better off using its regulatory powers to direct and hold accountable its investor-owned electric companies.
Published
June 2, 2021

Gov. Mills has reservations about buyout of utilities

The governor's concerns include the makeup and required expertise of the proposed public utility’s governing board.
Published
June 1, 2021

Bill to replace CMP and Versant with consumer-owned utility gains committee approval

The Energy, Utilities and Technology Committee's 9-2 vote, with 2 lawmakers absent, advances the bill for consideration by the full Legislature and, ultimately, Maine voters.
Published
May 29, 2021

Rep. Carlow: Consumer-owned Pine Tree Power will work for Maine people

Replacing CMP and Versant with a new company will strengthen our grid, reduce outages and lower rates for Maine families and businesses.
Published
May 20, 2021

Dozens testify on both sides of bill to create consumer-owned utility in Maine

Under the controversial proposal, regulators would direct a buyout of Central Maine Power and Versant Power's infrastructure to create a nonprofit utility serving roughly 800,000 customers.

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Published
February 28, 2021

Costly power grid upgrade to boost renewables will test Maine’s commitment

It's becoming clear that achieving Maine's climate goals is going to require a makeover of its electric grid on a scale that hasn't happened since the 1970s.
Published
October 11, 2020

Lack of support stalls Maine lawmaker’s push for consumer-owned power

A bill to replace privately owned electric utilities with a power authority run by an elected board was neutered at the last minute by its sponsor, Democratic Rep. Seth Berry. But Berry and other advocates aren't giving up.
Published
October 1, 2020

More than 1,400 Maine customers still without electricity Thursday night

Crews for CMP and Versant worked through the night Wednesday and throughout the day Thursday to repair damage from the wind and rainstorm that blew through the state.
Published
September 29, 2020

Backers of consumer-owned power utility move to put question on Maine ballot

Supporters of replacing Maine's investor-owned electric companies with an elected power authority filed a request with the Secretary of State's Office on Sept. 18.
Published
July 21, 2020

Bill to replace CMP with public entity faces key vote Friday

A legislative committee is set to decide whether to send the measure, which also would affect Versant Power, to the full Legislature.