Recent comments in /f/Maine

StarWarder t1_jburh20 wrote

I'd also like to learn more about the specifics of this process. When Pine Tree buys these assets from CMP... who sets the price of these assets? Also, aren't interest rates on debt at extremely high levels right now? Does that affect the numbers?

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percolate_yer_hate t1_jbuqqtw wrote

Go to Rockwood and ride the little pontoon ferry over. Pretty sure you can go up further north and get there but it isn’t like a paved or even established road

Edited to add, be careful. Moosehead is no joke. Waves and weather come out of nowhere. Just because you get there in a canoe in calm water doesn’t mean you’ll get back.

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EldVrangr t1_jbunvot wrote

> The Pine Tree Power Company is not permitted to use general obligation bonds or tax dollars of the State. The company finances itself by issuing debt against its future revenues to purchase the facilities of investor-owned electric transmission and distribution utilities in the State.

This is a direct quote from the initiative petition. Basically a mortgage secured by the revenue generated by the non-profit.

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tehmightyengineer t1_jbunfxc wrote

Good question; looking online it appears it would be funded by a government loan paid for with future revenue. Basically, instead of future profit going back to shareholders in other countries the money stays and pays off the debt for the acquisition:

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From here: Maine Creation of Pine Tree Power Company Initiative (2023) - Ballotpedia

State funds or tax dollars: Requires no use of state funds or tax dollars

The company would not be permitted to use general obligation bonds or state tax dollars, and would be financed by issuing debt against its future revenues to purchase facilities of electric transmission and distribution utilities that are owned by investors in the state.[1]

From here: FAQ - Our Power (ourpowermaine.org)

Will creating Pine Tree Power impact our state budget?

No. Pine Tree Power will not use our tax dollars. Utilities use revenue from rates, not taxes, to pay for investments and operations. If anything, by reducing our electric rates over time, it will help to attract and retain business investment in Maine, boosting incomes and easing tax burdens.

What would Pine Tree Power cost ratepayers?

Not more in the short term, and far less than we’ll otherwise pay in the long term. When Pine Tree Power purchases the systems of CMP/Avangrid/Iberdrola (owned by Spanish banks and the governments of Norway and Qatar) and Versant/ENMAX (owned by the government of the City of Calgary, Canada) like a home mortgage, the cost will be amortized. Pine Tree Power will qualify to borrow funds at lower interest rates than investor-owned utilities, which will reduce the cost of future capital expenditures, saving $9 billion over 30 years. It will also save us all money by not shipping profits to investors and owners out of the State and out of the country.

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HIncand3nza t1_jbun2pb wrote

Yeah it can be done, since there are camps on that side of the lake. You’d have to park somewhere on the road on the east side of the lake northeast of Kineo and then walk in from there. The land bridge is no cars and private property.

It is going to be way easier to just drive to Rockwood and take the golf course shuttle over

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Beasagdeux t1_jbu7zkz wrote

If you are paying 'way more' than $2K in Maine income taxes then you are making WAY MORE than most Mainer's ever will.... which is probably why you are being downvoted. Totally not fair.. but some people do start getting twitchy when 'rich' people bitch about paying income taxes.

But you aren't wrong. The reality is that the mill rate in NH is all over the place.. the same as the mill rates in Maine. In some towns it's $5 in others it's $30.

Everyone says 'oh NH property taxes are so much higher'... and back in the day.. they used to be. MUCH higher. But these days.. not so much.

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pinetreesgreen t1_jbu4r6n wrote

Llbean offers introductory course to sea kayaking, paddle boarding and other activities in the summer months, may be worth looking into. They are not cheap, but let you try out something you might be interested in investing in later, like paddling.

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Grand_Pirate_6185 t1_jbrrhxi wrote

I grew up in the Brunswick-Topsham area from 1980-1996. Always wanted out. Now it calls to me like an oasis. It’s not too big and it’s not too small. Several supermarket options, restaurants, and small shops. Plus, what I believe to be the best part, Amtrak service to Portland and beyond. As far as outdoor activities, that all depends on what you enjoy doing. I cycle and do so all over the world. Brunswick and mid-coast have so many great roads for cyclists with very little traffic. Hiking and trail running trails are not as plentiful but they are out there if you ask around at the running or cycling shops.

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Hangry_Pauper t1_jbr61ag wrote

Outdoor? Hiking trails around Brunswick/Harpswell, Brunswick walking path also has some history along it. The old Roller World is gonna be a frigging ice rink and I couldn't be more pumped. Plenty of beaches around, more trails in Bath.

Active sporty stuff is hard in the area but the YMCA has a decent amount of it and not everyone is 80+

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