this post was submitted on 25 Aug 2023
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Maine

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Democratic Consultants Are Fighting to Keep Maine’s Electric Bills High (jacobin.com)
submitted 1 year ago by psychothumbs@lemmy.world to c/maine@lemmy.world
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[–] SCB@lemmy.world 1 points 1 year ago (4 children)

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

[–] Jah348@lemm.ee 0 points 1 year ago (3 children)

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

[–] SCB@lemmy.world 0 points 1 year ago (2 children)

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

[–] Jah348@lemm.ee 1 points 1 year ago (1 children)

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

[–] SCB@lemmy.world 1 points 1 year ago

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