Maine voters reject utility takeover after heavy spending from CMP and Versant

BANGOR DAILY NEWS • November 7, 2023

Maine voters on Tuesday rejected an effort to replace Central Maine Power Co. and Versant Power with a new electric utility overseen by an elected board, giving the unpopular utilities a political victory. The no side of Question 3, the highest-profile referendum among the eight questions on Tuesday’s ballot, had 68 percent of votes to 32 percent for the yes side when the Bangor Daily News and Decision Desk HQ called the race at 10:03 p.m. Tuesday. Mainers also on Tuesday were poised to back the CMP-backed Question 1, which aimed to hinder Question 3 if it passed by requiring voters to approve a public utility borrowing more than $1 billion. There would have been a legal showdown if both questions passed, but Question 1 is expected to have little effect by itself.