In Op-Ed for Portland Press-Herald, John Farrell Argues For Consumer Utility Takeover

Date: 3 Jun 2019 | posted in: Energy, Media Coverage | 0 Facebooktwitterredditmail

In the News: John Farrell

May 21, 2019

Media Outlet: Portland Press-Herald

Director of the Energy Democracy initiative, John Farrell, explains why a public takeover of Central Maine Power and Emera is the logical alternative to protecting a monopoly utility company that makes bad bets, provides poor service and raises prices.

Here is an excerpt:

Signs of monopoly failure have popped up across the country. The multi-utility V.C. Summer nuclear power plant project collapsed last year, leaving a $9 billion bill for South Carolina customers. California’s Pacific Gas & Electric recently declared bankruptcy, caught between wildfire threats to their expensive power lines and competition, as thousands of customers have left for community utilities. In Maine, thousands of electricity customers have seen their bills jump by 50 percent or more.

When competitive businesses make mistakes, they pay the price. When monopolies make mistakes, we pay the price.

Read the full story.