6byfour t1_jbxcctn wrote on March 12, 2023 at 1:22 PM

Reply to comment by Longjumping_West_907 in Pine tree power question by respaaaaaj

LOL no it’s not. You are looking at one out of thousands of cost elements.

You should divorce from CMP through the legal and ethical process that already exists, but there is nothing simple about this deal. I can’t tell if the people presenting it are naive or dishonest. Maybe both.

I’m 100% in favor of revoking CMP’s franchise or rejecting every rate hike request until they leave voluntarily. You can then have an orderly sale of assets with PTP being one bidder out of several. Then you can choose the best mix of cost, resource plan, etc. vs just pointing at one entity and saying they win.

At my company anything over $50K requires multiple bids, and you guys want to sole source a contract with a value greater than the entire 2023 state budget. And that’s just the purchase price - you need a shitload of capital too.

No_Landscape4557 t1_jbzer2x wrote on March 12, 2023 at 10:20 PM

One thing you bet is not considered or thought about is how many departments are consolidated into one group say at their headquarters.

You can bet CMP doesn’t have a full HR department, maybe one person that here full time but the rest will be at the headquarters. Dames goes for many other departments that doesn’t need to be at CMP when it can be located at NY or CT. I heard how they pull linemen from other OPCO when a big storm hit and so on.

A new Pine Tree Power will probably need to hire hundreds of new workers not accounted for driving up cost

6byfour t1_jbzns8n wrote on March 12, 2023 at 11:26 PM

Totally agree, and see a huge lack of understanding of these things in the posts I read.

TheRogIsHere t1_jd658v3 wrote on March 22, 2023 at 2:36 AM

100% agree. It's just a lot of "CMP BAD!" because it's (supposedly) an evil, private, foreign-owned company that just cares about money and raises rates for no reason. The idea that some politicians in Augusta will be able to not just take over, but do a better job, is dangerously naive. It will suck, be a lumbering, bureaucratic nightmare that will result in a whole lot of Mainers without power.