KENNEBEC JOURNAL • July 23, 2023
I organized for a Maine customer the first major deal in the country under the Energy Policy Act. Madison Electric, a municipal or consumer-owned utility, sought power supply bids in the open market, and we came up with a new supply from out of state. Madison’s residential customers saw their rate drop by 26% overnight. In that first purchase and all I did afterwards, from the Deep South to Pacific Northwest, I used the same system. The PUC could adopt the competitive power purchase model used by some large customers to bring down the standard offer cost. ~ Gordon L. Weil