Public Electric Utility Flip Could Raise Rates, Lower Revenue

Governing: A bill to transfer ownership of Maine’s electric grid from for-profit companies to a publicly owned utility could increase customers’ rates and reduce state tax revenue in the near term, but it could benefit ratepayers over the coming decades, according to an independent review of the proposal.

The switch to public ownership would not guarantee lower electricity prices, better reliability or lower management costs, said analysts from London Economics International in a report issued Saturday.

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