Submitted by whatsamain t3_11gpw3u in Maine
siebzy t1_jat93jg wrote
Reply to comment by Earthling1a in Maine Energy Progress? by whatsamain
It's currently a state sanctioned monopoly. Neither CMP nor Versant (owned by the same foreign conglomerate) have any free market competition. Their profits are purely rent-seeking, rather than based on success in a competitive market.
Instead of sending that unearned profit to an overseas conglomerate, we could keep it in Maine - and return that profit to taxpayers in the form of lower rates and better service over time.
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