Supabee78 t1_jcal0li wrote on March 15, 2023 at 1:57 PM

Reply to comment by Solar_Saves in Maine Affordable Energy is CMP by [deleted]

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.

Solar_Saves t1_jcapgrt wrote on March 15, 2023 at 2:27 PM

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.