JOURNAL ARTICLE

Climate Is Everything.

  • Published In: TIME Magazine, 2023, v. 202, n. 19/20. P. 38 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: Correspondent, Alana Semuels Economics 3 of 3

Abstract

Maine environmental groups recently proposed replacing the state's investor-owned utilities with a consumer-owned nonprofit utility called Pine Tree Power. However, around 70% of voters rejected the proposal, despite the utilities being widely disliked. The utilities spent over $34 million opposing the referendum, and the potential cost of buying out the utilities, estimated at $6 billion to $13 billion, may have influenced the outcome. While buying out utilities is expensive, there are other avenues for change, such as electing consumer advocates to state commissions that regulate utilities. [Extracted from the article]

Additional Information

  • Source:TIME Magazine. 2023/12, Vol. 202, Issue 19/20, p38
  • Document Type:Article
  • Subject Area:Environmental Sciences
  • Publication Date:2023
  • ISSN:0040-781X
  • Accession Number:173794069
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