Maine Election: Voters Decide Power Companies’ Future With Ballot Measure

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Maine Election: Voters Decide Power Companies’ Future With Ballot Measure
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Utilities spend millions to try to defeat ballot measure that would replace them

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A measure on the ballot there would create a consumer-owned replacement called “Pine Tree Power” by buying out two investor-owned companies that currently serve nearly all Mainers. Proponents, which include some environmental groups, politicians and a nursing union, say wresting control from the for-profit companies will eventually lead to lower bills, better customer service and a speedier shift to renewable power.Copyright ©2023 Dow Jones & Company, Inc.

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