The Maine Ethics Commission said Enmax and its subsidiary are funding a campaign against dismantling private electric utilities. yyc
, Enmax has donated $7.5 million so far in 2023 to a non-profit organization called Maine Energy Progress to advocate in opposition of a move to a publicly-owned electricity entity.
“A government-controlled utility company is a risk Mainers can’t afford,” Main Energy Progress’ website reads.Others opposed to the move said it would cost Mainers billions in debt to acquire the assets of both of the power companies. “The question is: what’s the best way to move us from where we are today to where we need to be in the future?” Silkman said. “The belief is that the best way to do it is through local control, local decision making, local ownership, and the lower cost of capital that comes with that.”Since Enmax’s acquisition of Versant Power in 2020, it has sent Enmax a yearly dividend as its sole shareholder.
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