Maine

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Democratic Consultants Are Fighting to Keep Maine’s Electric Bills High (jacobin.com)

submitted 1 year ago by psychothumbs to c/maine

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[–] [email protected] 0 points 1 year ago (1 children)

The Capex did come from the citizens in either circumstance. The objective is to eliminate massive administrative costs associated with business owner dividends. That's the part that is currently paid for by the citizens of Maine.

[–] SCB 1 points 1 year ago (1 children)

The CapEx came from a foreign holding company, so in no way did it come from the citizens.

[–] [email protected] 0 points 1 year ago (1 children)

I mean long term it all comes from the citizens seeing how that's the sole source of income for the business.

[–] SCB 0 points 1 year ago (1 children)

The business isn't profitable enough to do it's own upgrades, so no, again, not citizens.

[–] [email protected] 1 points 1 year ago (1 children)

So to be clear it is currently a business operating at a loss?

[–] SCB 1 points 1 year ago

Not operating at a loss and having hundreds of millions to spend are two very different things