Recently retired from a career in risk management and insurance, specializing in power and utilities, I see nothing but unnecessary risk to Maine’s stakeholders in Question 3.
The bill lacks integration plans or operating framework for the complex and rapidly evolving businesses of CMP and Versant. The astronomical cost to ratepayers for the forced seizure of these assets will make it difficult to maintain essential grid reliability and safety needed for emerging cyber and environmental requirements. Worst of all is the politicized leadership. The elected board will lack the requisite risk matrix required for this essential infrastructure. Remember: There’s no requirement for any expertise whatsoever to be elected to that board.
There’s a reason why Maine businesses and Maine labor have joined forces to oppose Pine Tree Power. It’s a truly bad idea.
Christopher Scontras
Cape Elizabeth
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