AUGUSTA (WGME) – Lawmakers in Augusta introduced a bill to buy Maine’s two largest electric companies.
The proposal would force the purchase of Central Maine Power and Emera Maine and replace them with one public utility.
The new utility would actually be owned by the consumers. One lawmaker said it would bring lower rates and better reliability without using any tax dollars.
“The bill would create a new Maine Power Delivery Authority, outside of state government and wholly owned by its customers,” said Rep. Seth Berry, D-Bowdoinham.
Under the proposal, an independent board would oversee the authority and all current employees would keep their jobs.