In the Nov. 7, 2023, election, voters in Maine had a chance to consider a new model for electricity service that would replace the state’s. Question 3 asked whether voters wanted to create a new publicly owned power company, dubbed Pine Tree Power, to take over the existing assets of Maine’s two privately owned utilities. The related Question 1 asked whether consumer-owned electric utilities should have to get public approval before taking on more than US$1 billion in debt.
VotersPublic Utility Research Center , I work with utilities and regulators around the world to assess different ways of structuring power companies. Questions about what kinds of utilities best serve the public haveThere are three basic ownership models for electric utilitie