March 29, 2024
BANGOR DAILY NEWS (BANGOR, MAINE

So now Indeck president Tom Campone is willing to provide power to Bangor Hydro “at cost”! It seems to me that 4.1 cents per kilowatt-hour is a very premium fee, but at least it is considerably less than the “gouge price.”

Didn’t Indeck Maine Energy cry for a lower property valuation in Jonesboro? At 4.1 cents per kilowatt-hour, Indeck ought to be able to pay their property taxes and still make a nice profit for Indeck Energy Service, Ill., and the Ridgewood Corp., N.J., with bonuses for their respective presidents — Tom Campone and Robert Swanson. Can we afford their offer? John S. Kennedy Addison


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