The local co ops aren't the ones generating power with natural gas or fossil fuels. Kind of like that hydro power that the corridor would have delivered that the fossil fuel companies currently gouging us funded the campaign to block

I was born and raised in Indiana for 40 years trimming the trees is something the electric company came by and did every single year

Almost every year. Shows at either Speedway 95, or the Cross Insurance center. usually spring.

Aaaand there is exactly 1 natural gas pipeline into New England. Not into Maine into the whole region...

Which is still lower than most of New England. Ask yourself "What is it about Maine that would make our electricity cheaper?"

The answer is "Nothing."

This rate rise is not "CMP doubling our electric bills" CMP does not set the price of power.

This has been discussed to death on this very forum. I suggest you educate yourself on the subject of energy prices.

I don't get that, either. I suspect for women who vote R, religion is the driver.

That's good news

It's grossly conflating some biological truth with rights?

Because biologically women get pregnant they get to decide what's going on with their bodies?

Because biologically men are typically stronger they get to decide who they rape?

I think that's the 'logic.'

Oh no doubt. I just don’t like the whole “trees planted” spin.

> The evidence for ability to respond to down times is basic logic

Logic is not evidence; it's just the basis of hypotheses. Anyway, if we take over CMP Connecticut and the rest of the country can follow our lead. What's illogical is organizing society's needs based on private ownership and profit.

Not a whoopie pie you flatlander.

People

It’s a trap!

Dude, do just scan the contents? Anyways I posted the update in this here comments section

Not necessarily, basis pricing and pipeline capacity into New England has been an issue since 2012. Retirement of older nuclear plants and oil plants have left gas plants as the biggest source. Heating and process loads in the region have switched to gas from residual and diesel in the last decade leaving us even more constrained. Basis can be 4-5x the price of gas futures.

Edit: FWIW I support a consumer owned CMP, I'm just trying to add some understanding of the market itself. Consumer owner CMP would still be at the mercy of these issues.

2 million won’t buy you an ocean front estate any more 😂

I’m not one to complain lol but being iced in did make me angry. I posted an update if interested…

Also in York County...going on 36 hours without power now. At least 50 households in our neighborhood are still out. CMP trucks have been up and down our street at least twice today and they're still "assessing." We were fortunate enough to buy the last generator at Home D after our 10yo generator decided, yesterday, to give up the ghost. Hoping CMP gets their assessment back and sorted before we run out of gas tomorrow morning.

Bummer. You'd think there would be a price adjustment clause or something.

Ok but the whole shtick for the electricity price increase is the increased demand, and thus increased cost of natural gas. This was primarily the reason from 2022 anyway. Now the demand is falling and so are natural gas prices. Wouldn't this be reflected in pipeline as well. I mean this could all be semantics if the price is locked for 2023, and we are going to be stuck paying 2022 prices.

The cost of gas itself doesn't make up the entire price of gas. End users (including generators) need to pay for space on the regional pipelines to move gas into the region (called 'basis'). Since our pipelines don't have enough capacity to move gas into New England, the actual cost of delivery gas can be much higher than gas futures.

No charge for that

Sunday is a busy day for me unfortunately, but I could try to sit in a couple of times. Charge for watching?

Haha yes, you still got the main point which is that gas clears the market and sets the price.