BANGOR DAILY NEWS • August 4, 2023
Central Maine Power is owned by Avangrid, which is an 81.5 percent owned subsidiary of the Spanish utility Iberdrola. The three largest shareholders of Iberdrola are Qatar Investment Authority, Blackrock Inc, and Norges Bank. Qatar Investment Authority and Norges Bank are financial institutions operated by the governments of Qatar and Norway, respectively, while Blackrock is a large investment fund based in New York City. The people funding the campaign against Pine Tree Power use what I believe to be fearmongering language about a “government takeover” of our electric utility, when that scenario isn’t too far from what already exists. It’s just that the governments benefiting from the profits from CMP aren’t in Maine, or even in the United States. ~ Timothy D’Angelo, Bowdoinham