The Sea Change column that I wrote about Central Maine Power was carefully researched and involved interviews with nearly a dozen experts. Upon reading the response from CMP President David Flanagan, I did still more fact-checking and spoke further with sources.
The only clarification needed is to a single sentence concerning the rate of return for utilities. It would be more accurate to say “Traditionally, electric utilities derive profit from investments made in new infrastructure, with the capacity to earn at least the rate of return established by the state utility commission (typically upward of 8 percent).”
All the other facts stand, grounded in truth not corporate misinformation.
Marina Schauffler is a contributing writer to The Maine Monitor (where the Sea Change column originally ran)