Solar_Saves t1_jcamo2c wrote
Reply to comment by Supabee78 in Maine Affordable Energy is CMP by [deleted]
“The 20 distribution electric cooperatives in South Carolina deliver dependable electric power to 800,000 accounts in South Carolina” As well as 3rd in the country nuclear power supply.
Looks like South Carolina’s electricity business is a lot different than Maine’s, so the economics would be different as well. I doubt if any SC co-op had to takeover and buyout over $15 billion of assets to be created. That should not be a hard concept to understand.
Supabee78 t1_jcb95w0 wrote
Are you one of those people that believes socialized medicine would be more expensive as well? Yes it is an investment but we can’t continue on the path we are on. We are going to be installing wind and solar at our home because of the ridiculous energy prices here. We are lucky that we can afford to do so. The delivery fees CMP charges is more than what an electric bill should be. You are being fleeced and you are denying it. I can’t help you understand how a public utility is better than a private for profit utility. BTW those electric co-ops were take overs by the local communities because they were being robbed. Do more research or live in your delusion. South Carolina is too red to allow a massive takeover of the power grid, it would help too many people. It is why we moved out of it.
Solar_Saves t1_jcbdw2f wrote
No. My healthcare is taken care of, thank you very much and that’s how it should be for everyone in the country.
Just saying that the proposal gives no guarantees, no cost estimates, no savings estimates, no info on who will run it, or who might have the expertise to improve CMPs customer service.
Tell us how this takeover will improve life for Maine and CMP’s customers and how much it will cost. A little estimation and analysis would go far. As an Analyst I want to see their analysis of the proposed buyout. Would you buy any business without knowing total cost, loan or bond payments and payoff, estimated profits, and so much more that should be considered for a buyout.
Right now it seems like the people organizing this endeavor want blank checks to do whatever they want, without supplying any estimates of money or time.
You, and they, say things will improve. Then I am looking forward to their commercials with information showing us all how things will improve. Until then it is all hot air! Prove it- give us examples of previous takeovers, their costs and timelines and how they relate to this proposal.
Supabee78 t1_jcbinuf wrote
So here is my final word. I don’t trust CMP at all. They are fighting to make everyone think it is a bad idea. They are spending millions on ad campaigns to tell you so. They offer high prices to just deliver the energy. Whenever someone that has been proven to be shitty all of a sudden is trying to show you how bad the fix is, there is a reason. Over the years it was done by tobacco with cancer and the oil/gas industry when it came to lead. So I will go with the other team because the status quo isn’t working.
Solar_Saves t1_jcbmx4j wrote
My final word is that the writers of this initiative have given nothing to go on, for us to trust. But say “trust us to do this”… We’ll put company management out to bid… they aren’t even saying that it will save customers money.
Who are they, what’s their experience doing this, how much money will they make if this passes? How can one trust in an unknown entity and undefined process, with unknown costs and outcomes? Co-ops can be as badly managed as any corporate entity, and they don’t tell us who or how they will manage a CMP Co-op, or how much it will cost us.
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