Opinion: CMP, Versant rates, like Glasgow summit, reveal climate change conflicts and new costs

BANGOR DAILY NEWS • November 20, 2021

The weak agreement at last week’s Glasgow climate change summit and double-digit rate increases for power and its delivery in the bills of Maine’s largest electric utilities have a lot in common. They both showed that fighting climate change faces daunting political conflicts, and it comes at great cost. The increase in Central Maine Power and Versant bills will carry out government energy policies, both fighting climate change and boosting oil and utility industry profits. That may look like a rate increase, but it will really be a tax increase that nobody sees. ~ Gordon Weil