In November, Mainers will decide whether they want to put two price-gouging private power companies out of business and take control of the state’s electric grid. So-called progressive consultants are being paid to oppose the measure.
The Capex did come from the citizens in either circumstance. The objective is to eliminate massive administrative costs associated with business owner dividends. That’s the part that is currently paid for by the citizens of Maine.
The Capex did come from the citizens in either circumstance. The objective is to eliminate massive administrative costs associated with business owner dividends. That’s the part that is currently paid for by the citizens of Maine.
The CapEx came from a foreign holding company, so in no way did it come from the citizens.
I mean long term it all comes from the citizens seeing how that’s the sole source of income for the business.
The business isn’t profitable enough to do it’s own upgrades, so no, again, not citizens.
So to be clear it is currently a business operating at a loss?
Not operating at a loss and having hundreds of millions to spend are two very different things