SENATOR TERESA PIERCE'S
Wall Street is winning. All the warnings about huge electric rate hikes for Mainers just came true—a $135 million increase on Maine ratepayers was approved this week. It’s all because of so-called “community solar” projects with above-market costs. Senator Teresa Pierce has the power to fix this, and put money back in the pockets of hardworking Mainers.
Do you know who really owns these “community solar” projects? Wall Street. 87% of Maine’s community solar projects are owned by out-of-state investors. Wall Street is making $220 million each year off of Maine’s broken community solar program—cashing in at the expense of Maine ratepayers.
WANT PROOF? YOU CAN READ ABOUT THE NEW $135 MILLION RATE INCREASE ON MAINERS HERE.
Senator Teresa Pierce has the power to stop this from getting worse. Ask Senator Teresa Pierce to please not fall for the Wall Street sham, and choose savings for Maine people.
Net Energy Billing inflates electricity costs for all Mainers—including those who participate in community solar programs.
Maine’s broken Net Energy Billing projects cost FIVE TIMES MORE than equally useful solar routinely purchased by utilities. Some NEB projects this year have rates of 25 cents per kWh, while Maine Public Utilities Commission routinely purchases equally useful solar for less than 5 cents per kWh. Maine families cannot afford this expensive mistake.
We believe solar should benefit Maine people, not Wall Street investors. That’s why we support equally useful solar that costs a FRACTION of the price of NEB programs.
Maine PUC records show the majority of firms sponsoring Maine’s NEB projects are out-of-state groups. 27% of Maine’s NEB participants are from Massachusetts. This is NOT Maine community solar. Our Legislature has the power to fix this.
Maine’s utilities, energy consumers, and MPUC all estimate NEB projects will cost at least $200 million per year for 20 years. That’s an undisputed cost of at least $4 BILLION to Maine ratepayers.