House advances bill to restrict utility ownership by foreign governments
AUGUSTA - In a bipartisan vote, the Maine House advanced a bill on Thursday sponsored by Rep. Seth Berry, D-Bowdoinham, that would restrict future utility ownership by foreign governments.
LD 697 as amended would require the Public Utilities Commission (PUC) to deny any future purchase of a Maine utility by a foreign entity if it risks losses to reliability, customer privacy and safety, regulatory capacity or the state economy.
