Do the math on versant profits last year, and you will see it will take the state over 200 years before a profit is seen... you all want to be mad at the power company for raising rates but you want to hand the companies over the state government who already fucked you once by giving millions in grants to companies to build solar fields and wind mills instead of giving you the money to build a private solar set up on your property to actually allow you to pay less in power cost as well as help the "green" movement. Be mad at your government, not companies, for making a profit

Why don’t you try living in a capitalist fascist hellscape for 16 years before commenting on what it’s like and why I don’t want that here?

Why dont you try living here for a while before you start trying to change it...

No ocean? You really haven't seen much of Brunswick.

I didn’t realize one of the initiatives was for pine state power to be 100% renewable. I wish they’d drop that requirement- the net energy billing is already costing a fortune and is incredibly regressive punishing the poor and benefiting rich urbanites with solar panels.

It's also a double bonus. Since you are from TX I assume you loved the windmills they had. Having the government in charge means they will focus on clean windmill power. We can finally get consistent clean windmill energy without having to deal with backwards folks who only care about having the lowest energy bill.

On that note though, we checked out a super cool Game store in Augusta yesterday called Game On.

I mean seriously the bridge between topsham and Brunswick has been in need of replacement for as long as I can remember. Hell, my mom said it was in need of replacement when SHE was a kid

I found what you are referring to on Google. According to a comment added by the website, they are virtual only. And do not buy games only design and develop.

Yeah, PTP’s plan is to take all of CMP’s assets (employees, vehicles, equipment, infrastructure, everything) and contract them to the successful bidder who will manage the business.

I’ve worked in procurement so I can say, yes, you can give preference to Maine Businesses, but it’s a pretty limited window. Like, if two companies are right about even, you can give preference to the maine business, but if they’re like $50 million apart, the fact that one is a maine business is meaningless.

Doesn't the proposal for PTP state CMP employees can continue to work at the same pay if they choose? Also if PTP does contract out some work to private companies would it be safe to assume they would be local contractors? Can't we give preferential consideration to Maine owned businesses for contracts?

You miss the point. Your post mentioned profits not going to private companies. But it’s Pine Tree Power’s plan to contract services to a private (assumed for profit) company.

So not only will we be paying back the debt on the bond, but we’ll still be paying profit to whichever company Pine Tree Power contracts with.

Sounds about right…despise that stuff. Same crap that kneecapped the grid in TX. They got kickbacks from the feds and pocketed it instead of winterizing the natgas lines.

CMP is a private company that puts the needs of their investors ahead of their customers.

Well, yes, it goes to more than just the debt. It would be a stupid and instant failure of a business if the entirety of its revenue went to debts.

> Basically, instead of future profit going back to shareholders in other countries the money stays and pays off the debt for the acquisition

Goes to the profit of some other company that Pine Tree Power will contract to manage our electric grid.

Sorry, fixed it for you though.

30 years ago I took a canoe on Moosehead alone. Wind picked up. I was 30, peak condition, peak stupidity. I was grateful to make it to shore in one piece.

cool. I shop there once a month but haven't seen much of Brunswick except the commercial areas. No ocean, no mountains so I wonder why it's very popular.

We'll have to look into this one, thanks!

We've been to this one and really enjoyed it, but thanks for the suggestion!

The bonds are state issued and ultimately guaranteed by the state so the interest rate will be very low. That's the key to making the numbers work. The interest rate will be roughly half of what the utilities GUARANTEED profit margin is. That's fairly simple math in favor of the takeover.

We went there today and asked point blank - it’s apparently a dispute between owners.

If you’re willing to take the drive Eagle hill stamps and coins (it’s a game store though) is the best game store I’ve ever been too. They have games for every console we found great stuff for our DS Wii Gameboy Color and Nintendo 64 all for a great price located in Presque Isle

Game citadel sold me a not working DS cartridge so be aware but the environment is awesome

I just moved here like 4mo ago and I’ve heard the drama of CMP/PTP. Is there going to be a vote on this issue? If so, when? If not, is there anyone (representatives, CEOs, etc) whose phone I can blow up? I came from TX where privatized electric companies left me without electricity for five days in that one Feb freak snowstorm. Not gonna let private companies push me around and ruin my new paradise.