Letter: Maine Generation Authority would save money, help meet energy goals

TIMES RECORD • February 23, 2022

Gov. Mills and the state legislature now have the opportunity to adopt legislation that will ensure that our future energy costs are lower and more affordable. By passing LD 1634, “An Act to Create the Maine Generation Authority,” our state will have a much better chance at reaching our energy goals by issuing low-cost revenue bonds, at a cost that is far less than double the percentage charged by the private sector. This would be accomplished by publicly financing and owning the state’s own energy generation projects and storage systems. Maine should do all it can to expand its electricity generation and storage systems, not only to reduce our use of costly fossil fuels but to save taxpayers huge sums of money and lower energy costs for everyone. LD 1634 will go a long way in making this happen. ~ Faith Woodman, Bath