Pine State News

The National Federation of Independent Business (NFIB), a prominent small business advocacy group, has voiced its opposition to the establishment of a state public power authority in Maine. This proposal, set to be decided by voters on November 7th as Question 3 on the statewide referendum ballot, aims to transition private energy companies into state control.

David Clough, NFIB State Director, expressed concerns about the potential consequences of this measure. "The cost of electricity has long been a concern among Maine small business owners, and passage of this ill-advised power referendum would create a new state power utility that will add potentially ruinous new bureaucracy, liabilities, disruptions, and ultimately higher energy costs for Mainers," said Clough. He emphasized that small businesses could face significant financial burdens and instability if the proposal is approved.

Clough also highlighted specific worries related to the takeover's estimated cost exceeding $13 billion and possible disruptions in reliability and customer service during the transition. "Maine small business owners are concerned about the high cost of a forced takeover of CMP and Versant, potentially more than $13 billion, the disruptive effects on reliability and customer service during a transition period," he continued.

Additionally, there are apprehensions regarding governance issues if a public power company is managed by publicly elected directors. The NFIB fears legislative interference might prioritize political goals over economic growth.

In response to these concerns, NFIB Maine plans to inform voters about how a Yes vote on Question 3 could affect energy costs and security for all ratepayers in Maine. Many small businesses are already dealing with increased labor and operational expenses amid persistent inflation not seen in decades.

For eight decades, NFIB has advocated for America's small businesses across Washington D.C., and all 50 states. As a nonprofit organization since its founding in 1943, NFIB remains dedicated exclusively to supporting small and independent businesses.