Maine votes to keep investor-owned electricity companies in charge of the energy grid

Maine voters rejected a ballot measure to replace the state's privately owned, for-profit electric utilities with a single publicly owned, nonprofit utility called Pine Tree Power.

Nebraska is the only state in the country with an electric grid that is 100 percent powered by public utilities. It is not the first time that Mainers' push for a publicly owned energy grid has failed.

As a publicly run organization, Pine Tree Power would not have been subject to the over $16 million corporate income taxes that Central Maine Power and Versant Power have been jointly paying, according to Maine's Office of the Public Advocate, which previously stated its neutrality on the ballot measure.

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Maine votes to keep investor-owned electricity companies in charge of the energy gridThe push to create a publicly-owned power grid in Maine has been struck down multiple times in the past.
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