Letter: Tired of scaremongering over cost of Pine Tree Power

PORTLAND PRESS HERALD • October 14, 2023

I’m frustrated by the lies of the “No on 3” campaign. The ads claim Pine Tree Power will cost $13.5 billion, be rife with grift and will increase our utility bills. Based on a Maine Public Utilities Commission estimate, the sum is likely closer to $5 billion. While that number seems daunting, the trade-off, according to the Pine Tree Power campaign, is that Maine ratepayers will save an estimated $9 billion over the next 30 years. Publicly owned utilities keep money in the community, focus on reinvestment instead of shareholder enrichment and keep prices low for all. Vote “yes” on Question 3. ~ Austin Sims, Portland