Earthling1a t1_jasedcq wrote on March 3, 2023 at 6:49 PM

Reply to comment by siebzy in Maine Energy Progress? by whatsamain

Hmm, what kind of government is it that's famous for taking over private business and making it state-run?

Sufficient-Squash428 t1_jasqws8 wrote on March 3, 2023 at 8:11 PM

It's a Utility, not a private business. See who built the Power Grid years ago. HINT: it wasn't private business.

All around the country, Electric Cooperatives have been doing just fine.

Earthling1a t1_jassimu wrote on March 3, 2023 at 8:22 PM

Private companies built the electric grid.

Government regulators got involved when power distribution started to cross state lines, but private enterprise built it.

siebzy t1_jat99z9 wrote on March 3, 2023 at 10:13 PM

Says someone who's never heard of the TVA or the Bureau of Reclamation.

siebzy t1_jat93jg wrote on March 3, 2023 at 10:12 PM

It's currently a state sanctioned monopoly. Neither CMP nor Versant (owned by the same foreign conglomerate) have any free market competition. Their profits are purely rent-seeking, rather than based on success in a competitive market.

Instead of sending that unearned profit to an overseas conglomerate, we could keep it in Maine - and return that profit to taxpayers in the form of lower rates and better service over time.