Government-Controlled Power

$13.5 billion in debt = higher electric bills

A government takeover means borrowing $13.5 billion from big banks

A scheme to seize Maine’s electric grid by eminent domain would create a government-controlled utility—and we would all be on the hook for the cost. The debt that comes with taking over the utilities—an estimated $13.5 billion—is three times the entire state budget. And that’s a debt it would take decades to pay off through our electric bills.
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