Solar_Saves t1_jcapgrt wrote
Reply to comment by Supabee78 in Maine Affordable Energy is CMP by [deleted]
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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