Letter: Search details not falsehoods on Pine Tree Energy

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Central Maine Energy, Versant, their dad or mum corporations and allies say lots lately. In spite of everything, they need to defend their $187 million in annual income. For CMP, income had been greater than all their staff made, mixed!

Certainly one of these falsehoods is that they could not make investments throughout a transition to Pine Tree Energy, delaying wanted grid modernization. Hogwash. Should you ever bought a house, didn’t you clear it up first to get a greater worth? It really works the identical means when a utility is acquired.

When Emera Maine bought to Versant Energy lately, Emera acquired again about $1.50 for each $1 they’d invested. That’s an incredible return — and a cause to speed up earlier than a sale, not decelerate.