Mainers vote down ballot measure to create consumer-owned utility ...Middle East

Maine voters on Tuesday voted down a ballot initiative that, if successful, would have replaced the state’s electric utilities with the first state consumer-owned utility. The initiative, Question 3, would have created the Pine Tree Power company through a takeover of Maine’s two investor-owned utilities, Versant and CMP. The Associated Press called the race Tuesday night with about 68 percent of the vote counted, indicating the proposition losing by about a seven-to-three margin.  Proponents of the ballot measure pointed to Maine’s high utility costs and outage rates, while its opponents said it would be overly costly to compensate the private utilities and that its use of an elect

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