A Pig in a Poke?

by Phil Osifer | Oct 10, 2023

Question 3 asks Maine voters to endorse buying a “pig in a poke.”
The subject electric-power distribution system is not for sale, the unknown price is a matter of speculation, the cost of future borrowing to support that outlay is conjectural, and such a problematic acquisition invites litigation that could long delay an actual transaction. The melodramatic proposition that a state-regulated public utility is somehow gouging its customers by offering unresponsive service at unfairly inflated rates demands legislative investigation before public investment.

Phil Osifer

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