Published: February 2022
A citizen initiative has proposed draft legislation only applicable to Maine’s two largest electric utilities – Central Maine Power and Versant Power – regarding criteria associated with their fitness to serve. The proposed legislation would establish 8 criteria by which fitness to serve would be measured. If 4 or more of the criteria are found to apply to the utility, the utility would be deemed unfit to serve, and the proposed legislation would require the Maine Public Utilities Commission to “ensure the sale” of the utility within 24 months.
The following whitepaper reviews each of the criteria in the proposed legislation, and concludes that the proposed legislation is not an unbiased approach to assessing an electric utility’s fitness to serve, but rather it appears to seek a pre-determined outcome for the current investor-owned utilities serving Maine’s electric utility customers.