Last year we bought panels and have a contract with CMP to put energy into their grid in exchange for solar credits. Does anyone have any resources on what happens if PTP takes over after this next election? Would the contracts change in anyway?

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AlternativeWay4729 t1_jd94ei6 wrote on March 22, 2023 at 6:43 PM

The folks behind PTP are pro solar. I don’t think Maines Regulatory environment for solar he’s going to get harder

ZingZongZaddy t1_jd85tos wrote on March 22, 2023 at 3:06 PM

IANAL but

If this were to pass and CMP was bought out the contracts would likely have to be completed to term. Whether or not Pine Tree Power would be interested in continuing the program is another question.

Erin-DidYouFindMe t1_jd9ecqy wrote on March 22, 2023 at 7:46 PM

This. Generally you end up capturing contracts during acquisition.

It depends on the specific language of the contract you signed.

TransparentCMP t1_jdb8s62 wrote on March 23, 2023 at 3:35 AM

They will honor the contracts. The referendum says……

Existing obligations. All existing agreements, obligations and contracts, including but not limited to long-term contract obligations and net energy billing agreements of an investor- owned transmission and distribution utility, must be transferred to the company and any counterparty to an agreement, obligation or contract shall accept the assignment of the investor-owned transmission and distribution utility to the company.

Dry-Date-6730 OP t1_jdcv1mq wrote on March 23, 2023 at 2:18 PM

Thank you!

DifferenceMore5431 t1_jd9rmq5 wrote on March 22, 2023 at 9:10 PM

What does your contract say?

New_Sun6390 t1_jddph3n wrote on March 23, 2023 at 5:34 PM

It would not make a bit of difference. The solar arrangement is dictated by Maine Public Utilities Commission rules that apply to any utility. The MPUC, not the utility, sets the rules.

Anyone who claims PTP would automatically be cheaper, more reliable, or more amenable to renewable power lacks even a basic understanding of how the system actually works.