Who Owns Our For Profit Energy Companies? Maine's answer

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By OdeToJoy
26 Sep 2023 8:59 am in No Holds Barred Political Forum
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OdeToJoy
26 Sep 2023 8:59 am
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This batt!e is going on in Maine.  Maine has two monopoly for profit energy companies that are entirely owned by foreign investors.  There is a referendum on the ballot in November to buy back these companies and convert them to non profits.  Maine's energy companies were listed dead last in the country for reliability and price.

25% of our power companies are member owned.  These utilities are consistently cheaper and more reliable than for profit companies.

The two foreign owned energy companies in Maine have spent $27 million to campaign against the "scary" new idea of a non profit energy company owned by the people of Maine.

https://ourpowermaine.org/a-maine-power ... practical/

Our two primary electric transmission and distribution companies, CMP and Versant, are IOUs. CMP is owned by Avangrid, which is owned by Iberdrola, a Spanish global conglomerate. Two of Iberdrola’s largest shareholders are the sovereign wealth funds of Qatar and Norway.

We pay Qatar and Norway U.S. dollars for oil and they buy assets here in Maine that pay guaranteed rates of return. It is a great financial recycling operation.

The other monopoly provider in Maine, Versant, is also foreign owned by ENMAX from Calgary, Canada. ENMAX is the privatized former city of Calgary electric company. It is 100 percent owned by the city of Calgary and pays a yearly dividend of approximately $40 million to Calgary. CMP and Versant produce large profits. Our ratepayers’ hard-earned dollars generate wealth for Iberdrola’s shareholders and the citizens of Calgary.

 
 
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OdeToJoy
26 Sep 2023 9:00 am
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Good video on the energy issues in Maine:

https://youtu.be/aELimf6ct60?si=
Vegas
26 Sep 2023 9:02 am
Giant Slayer
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Non-profit? Sure, we can put Hunter on the board. 
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ConsRule
26 Sep 2023 9:04 am
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OdeToJoy » 26 Sep 2023, 8:59 am » wrote:

25% of our power companies are member owned.  These utilities are consistently cheaper and more reliable than for profit companies.


 
Not they one our company is stuck with.  They must be the exception that proves the rule.
 
Vegas
26 Sep 2023 9:06 am
Giant Slayer
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ConsRule » 26 Sep 2023, 9:04 am » wrote: Not they one our company is stuck with.  They must be the exception that proves the rule.
Oh God. Please don't get Ode going with her links. All she does is spam the board with links after links after links. She is like BV. She has no thoughts of her own. 
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Exogenous Ellipsis
26 Sep 2023 9:57 am
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BUTT HURT AND SQUAWLING
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Facts about Ode to Cock (aka @OdeToJoy  ):

-pretends to be a retired granny, but is actually a dude

-paid to post here

-is a sock puppet
 
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OdeToJoy
26 Sep 2023 10:53 am
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Vegas » 26 Sep 2023, 9:06 am » wrote: Oh God. Please don't get Ode going with her links. All she does is spam the board with links after links after links. She is like BV. She has no thoughts of her own.
I live in a fact based world.  You don't.
 
Vegas
26 Sep 2023 10:59 am
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OdeToJoy » 26 Sep 2023, 10:53 am » wrote: I live in a fact based world.  You don't.

Nope. You live in a narcissistic world. You cherry pick your facts. You only give facts that support your view, then ignore any that contradicts it. I have been through that rodeo  with you. You always, and I mean always, deflect. You refuse to answer the question in front of you and deflect to some other crap. Every. Single. Time. 
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OdeToJoy
26 Sep 2023 10:59 am
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ConsRule » 26 Sep 2023, 9:04 am » wrote: Not they one our company is stuck with.  They must be the exception that proves the rule.
Nebraska is not a lefty state, and never was, but they seemed to see the benefits of non profit utilities:

Flashbacks: How Nebraska Ran the Private Power Companies Out

https://www.cooperative.com/remagazine/ ... s-Out.aspx

 
 
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Sumela
26 Sep 2023 11:03 am
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OdeToJoy » 26 Sep 2023, 10:53 am » wrote: I live in a fact based world.  You don't.
You live in a AIDS ward

for dying and delusional ***

:rofl:   :rofl:  


 
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OdeToJoy
26 Sep 2023 11:07 am
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Vegas » 26 Sep 2023, 10:59 am » wrote: Nope. You live in a narcissistic world. You cherry pick your facts. You only give facts that support your view, then ignore any that contradicts it. I have been through that rodeo  with you. You always, and I mean always, deflect. You refuse to answer the question in front of you and deflect to some other crap. Every. Single. Time.

Well then, go find some opposing facts and cherry pick them all you want.  I don't mind.

But you never do.  You just keep whining that I take the time to examine the evidence, and you don't.

Go on.  Find some facts to support your argument.  It is fun to learn new things and broaden your horizons.

Live a little.  Think about the information before you form an opinion.
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Sumela
26 Sep 2023 11:08 am
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Big deal.....

Israel owns WASH DC - House of ***
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Sumela
26 Sep 2023 11:08 am
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OdeToJoy » 26 Sep 2023, 11:07 am » wrote: My AIDS has flared up badly.

Im losing my mind
 
 
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GHETTO BLASTER
26 Sep 2023 11:08 am
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OdeToJoy » 26 Sep 2023, 10:53 am » wrote: I live in a fact based world.  You don't.
you mean "facts" like ...
"****** have contributed just as much to the advance of mankind as all the other races".....
"We need millions of Illegal Aliens in the USA in order for our economy to thrive".....
"If you get vaccinated you wont get sick or pass the disease onto others".....
"MAGA murdered 5 cops and seriously injured 140 more....?

Image
 
 
Vegas
26 Sep 2023 11:10 am
Giant Slayer
13,857 posts
OdeToJoy » 26 Sep 2023, 11:07 am » wrote: Well then, go find some opposing facts and cherry pick them all you want.  I don't mind.

But you never do.  You just keep whining that I take the time to examine the evidence, and you don't.

Go on.  Find some facts to support your argument.  It is fun to learn new things and broaden your horizons.

Live a little.  Think about the information before you form an opinion.

Bologne. I provide all of the facts. I enjoy debating with thoughts of my own. You on the other hand can't do anything without Google. 
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Exogenous Ellipsis
26 Sep 2023 11:14 am
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BUTT HURT AND SQUAWLING
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OdeToJoy » 26 Sep 2023, 10:53 am » wrote: I live in a fact based world.  You don't.

Lol.  Okay, I'll bite.  Pray tell--what is a "fact based world?"
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Exogenous Ellipsis
26 Sep 2023 11:21 am
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BUTT HURT AND SQUAWLING
3,285 posts
The idea of "monopoly" is mythical. Marxist academics tried to sell the idea that John Rockefeller and Standard Oil had some crazy monopoly and had to be regulated.

A brief look at history shows that the oil industry was burgeoning in growing areas of Texas, Okla, Louisiana, etc. after the turn of the century.  Standard was actually losing market share as the country developed.  
 
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Exogenous Ellipsis
26 Sep 2023 11:22 am
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BUTT HURT AND SQUAWLING
3,285 posts
The idea that "public goods" must be run by gov is faulty and ludicrous. If people are buying, it's a "public good."
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Exogenous Ellipsis
26 Sep 2023 11:23 am
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BUTT HURT AND SQUAWLING
3,285 posts
Facts about Ode to Cock (aka @OdeToJoy ):

-pretends to be a retired granny, but is actually a dude

-paid to post here

-is a sock puppet
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