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Politics
Theodore J. Kury, Director of Energy Studies, University of Florida

Maine voters don't like their electric utilities, but they balked at paying billions to buy them out

Frustration with electric utilities is universal today. Whether it’s concerns over high rates, poor service or a combination of both, people are constantly looking for a better answer to the systems that serve them.

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 two widely unpopular private utilities, but they balked in the face of multibillion-dollar cost projections.

This decision took the form of two ballot questions. 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. Voters adopted Question 1 and soundly defeated Question 3.

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