Maine vot­ers block elec­tric­i­ty con­sol­i­da­tion plan after strik­ing down bal­lot Ques­tion 3

Maine vot­ers reject­ed a plan to con­sol­i­date two of the state’s largest elec­tric­i­ty providers that may have cost tax­pay­ers $13.5 bil­lion dur­ing Tues­day’s ref­er­en­dum elec­tion.
Vot­ers ulti­mate­ly said “no” to Ques­tion 3, which would have estab­lished the Pine Tree Pow­er Com­pa­ny, a con­sumer-owned util­i­ty, through a forced buy­out of Cen­tral Maine Pow­er and Ver­sant Pow­er, two pri­vate investor-owned util­i­ties that pro­vide around 97% of the state’s elec­tric­i­ty.
OREGON JUDGE ORDERS RELEASE OF DEFENDANTS PENDING TRIAL IF NO LAWYER AVAILABLE WITHIN ONE WEEK
Our Pow­er, the group advo­cat­ing Ques­tion 3, put the cost of the takeover at $9.9 bil­lion, but oppo­nents to the ques­tion said the cost would be $13.5 bil­lion.
Ques­tion 3 was unique in that it was tied to anoth­er ref­er­en­dum before vot­ers, Ques­tion 1. Ques­tion 1 served to force a cap on the spend­ing on Ques­tion 3’s con­sol­i­da­tion plan. Ques­tion 1, which passed, now requires vot­er approval in a gen­er­al elec­tion for c …