Proposal to restrict long-term debt in Maine to create consumer-owned electric utility to appear on ballot

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A proposal that would create a consumer-owned electric utility in the state of Maine by restricting long-term debt will appear on the ballot in November.

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A proposal aimed at restricting long-term debt necessary to create a consumer-owned electric utility has enough signatures to appear on the NovemberThe secretary of state confirmed Thursday that the threshold was met for the Central Maine Power-backed proposal to appear on the ballot. The No Blank Checks initiative would require voter approval before the state takes on debts exceeding $1 billion, potentially setting up a roadblock for a separate referendum proposal to buy out

 

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