@bangordailynews While this increase is on the supply side, thereโs nothing forcing our utilities to pass those costs directly onto the consumer. Mainers are struggling and they refuse to stabilize costs if it means a hit to their profits.... ๐๐
Yesterday, we @OurPowerMaine turned in over 80,000 signatures for our ballot question to oust Maine's for-profit power companies, CMP and Versant, and create a customer-owned utility.
I'm still in awe. #mepolitics
Avangrid's astroturf front group Maine Affordable Energy says it would cost $13.5B to buy out the investor-owned parts of Maine's grid.
But Avangrid reported total assets of $5.2B for CMP in their 2021 annual report.
Doesn't add up, does it?
#MEPolitics#FunnyMath
David Mahoney from Greenville on CMP's tone-deaf rate hike request:
"A company that is neither Maine nor American owned has no idea, or concern, for the issues of the folks who actually live in their companyโs service area."
#MEPolitics#DumpCMP
https://t.co/vxgp1lk3zn
CMP released their quarterly profits this week, and guess what? They're sending almost $450,000 each day to their shareholders at Avangrid!
Check it out here: https://t.co/8I1JOBoDJz
Senate just approved legislation that would make new and expanded energy tax credits available for projects owned and operated by tax-exempt entities like Pine Tree Power.
House votes on the IRA 8/12.
https://t.co/0iv1tg9BLX
#MEPolitics#UtilityAccountability#IRA
A bit of rail from an old trolley line visible on Spring Street. In addition to safe and efficient transportation around the peninsula, trolleys also used to connect cities and towns all around Maine. #PortlandME
If you ever wonder why @cmpco is America's worst-rated utility each year, this is why: decision-making is driven by one primary goal: deliver maximum earnings to @Avangrid each and every quarter.
#MEPolitics#AvanGreed
https://t.co/zV7vCtRIoo
Ready to fight back against the powerful utility corporations from away squeezing Mainers?
Done with
@cmpco
taking $180M+ annual profit and giving us rock bottom service?
Volunteer today to collect signatures: https://t.co/s5GL95NMIQ
#MEPolitics#UtilityAccountability
Looks like @versantpower is battling @cmpco to see who can get the lowest Google rating. Race is a dead heat at 1.5 stars out of 5.
If these sorry companies had to actually compete in a marketplace they'd be out of business in weeks.
#MEPolitics#UtilityAccountability
People sometimes think that a consumer-owned utility is a new, radical idea. But they've been around for a long time--28% of Americans are served by consumer-owned or public utilities. Maine has 9.
It's a proven business model that works.
#MEPolitics#UtilityAccountability
Climate change is pushing our neglected grid to the breaking point: โWeโve let our infrastructure decay to the point where we have these failures.โ
Letting profit-driven utility corporations manage critical infrastructure has failed.
#MEPolitics
https://t.co/vqzeE02Cqg