Maine Legislature Proposes Yet Another Bill To Force Electric Utilities Into Selling Their Companies To The Government.

Promises are just promises- Wait for the Bill to read what it actually says before forming a point of view.

art by the author using public domain clip art

The Portland Press Herald is reporting that “A bipartisan coalition of lawmakers and advocates is touting a proposal to revoke the monopoly status of the state’s 2 largest power distribution companies and force them to sell their assets to a consumer-owned nonprofit. “

I wonder how one pulls “monopoly status” out of a construct in which there are two large private competitors? The real monopoly is the one coveted here by the State of Maine.

Last year the State was trying to directly create its own monopoly through similar means of forcing private companies to sell, and therein you have the main reason why private companies are better than state-owned companies. The private company cannot write its own laws to its own advantage nor can it force another company to sell its ownership to them.

A consumer-owned, nonprofit corporation would take over for electric companies Central Maine Power and Versant Power under a bill announced Monday by a…