Recent comments in /f/Maine

Novel_Escape7307 t1_jcat92h wrote

I’m definitely happy I’m on Versant instead of CMP. However, as much as I hate them both, why in the hell should we put our power grid in the hands of politicians regardless of the purchase cost? If the PUC would actually do their job in terms of capping costs, we wouldn’t be in this predicament.

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w1nn1ng1 t1_jcasqjr wrote

As a homeowner, I feel this comment. I have a $400 Husqvarna chainsaw I've used twice...just because I want to own it and know, eventually, there will be a need for it. Its also nice to have owning 2.5 acres of mostly wooded land. I find myself buying shit I will only need in an emergency just to have, lol.

Any time I see a homeowner who doesn't have some sort of truck or large SUV, I tell myself that person has to be struggling as a homeowner (not financially, but utility wise). I don't know what I would do without my truck.

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Solar_Saves t1_jcapgrt wrote

But this over $15 billion buyout is nothing like any single SC co-op has ever done. The fees alone for this buyout would probably dwarf the revenue of most of SC’s co-ops. Then there is securing the $15 billion of securities to pay for it, and right now the cost of borrowing is up. If Revenue Bonds are used, any profits would be payments for the bonds, not otherwise available for the state of Maine’s coffers until bonds get paid off.

There are no guarantees of anything improving, the who, what, why and when of the purchase and any improvements aren’t known.

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DiscountUFOParts t1_jcan1rj wrote

Where are you located? If your in the Winterport/Hampden area, Back Ridge Sugarhouse, Windy Hollow Maple, and Bumpy's Sugar Shack all have bulk but I don't know if they sell bulk at a gallon. They are all within a couple miles of each other in Winterport.

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Solar_Saves t1_jcamo2c wrote

“The 20 distribution electric cooperatives in South Carolina deliver dependable electric power to 800,000 accounts in South Carolina” As well as 3rd in the country nuclear power supply.

Looks like South Carolina’s electricity business is a lot different than Maine’s, so the economics would be different as well. I doubt if any SC co-op had to takeover and buyout over $15 billion of assets to be created. That should not be a hard concept to understand.

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Supabee78 t1_jcal0li wrote

I am not going to explain the history or how to when it comes to power co-ops. Blue ridge electric didn’t produce power but maintained the lines and delivered. Google is your friend. Maine already has some power co-ops.

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Solar_Saves t1_jcah9bm wrote

How much did it cost to purchase the assets that made up the co-op? Or was the co-op created to install and service the electricity delivery hardware from the get go?

Did the co-op also produce the electricity? CMP doesn’t produce the electricity so there would be no savings on the electricity itself. Nor do we know if there would be any savings…

It would most likely take several years and millions of dollars spent (paid to lawyers, not Maine’s citizens) to make the purchase. And since they are going to farm out the running of the resultant quasi-governmental entity to some currently unknown bidder, there are no guarantees that customer service and/or servicing their grid assets will remain the same or improve or if there would ever be profits!

To succeed this project should state

  1. who will run it,
  2. how they will improve the customer service experience,
  3. what profits, if any, should the State of Maine expect?

Otherwise this issue is too open ended to approve.

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