This story will be updated.
AUGUSTA, Maine — Gov. Janet Mills used a Wednesday radio address to formally oppose Question 3, the November referendum that would replace Maine’s two largest utilities with one governed by an elected board.
The Democratic governor’s opposition is no surprise: Mills vetoed legislation in 2021 to create a consumer-owned utility, a step that led to this year’s referendum effort, which she criticized earlier this month in a Maine Public interview as “a simple solution to a very complex problem.”
The referendum, if approved by voters, would have the state buy out the infrastructure of Central Maine Power Co. and Versant Power and create a new Pine Tree Power Co. that would be overseen by seven elected board members and six appointed experts.
It is the highest profile referendum among the eight questions that will appear on the November ballot, with the foreign-owned parent companies of CMP and Versant spending more than $20 million so far to oppose it.
Pine Tree Power supporters argue it will lead to a more responsive and reliable utility amid CMP and Versant’s dismal outage and reliability rankings, while the utilities leading the opposition have argued it will cost $13.5 billion and bring uncertainty to the state’s electric grid.
Mills said Wednesday she is on the side of the opponents, citing concerns over the cost, governing structure and expected litigation that could take years to resolve if the referendum is approved and the utilities have to squabble over the value of existing infrastructure.
“Look, I strongly believe that Maine consumers deserve high quality, reliable and competent service,” Mills said, pointing to legislation she signed two years ago that she argued set minimum standards for utilities, increased penalties and strengthened oversight of them.
But she said Question 3 amounts to “a hostile take-over that will cost billions of dollars to Maine ratepayers and inject partisanship into the delivery of our power.”