Comments for: Brookfield to acquire 19 hydropower dams from NextEra

Posted Dec. 27, 2012, at 6:22 p.m.
Last modified Dec. 27, 2012, at 6:56 p.m.

Brookfield Renewable Energy Partners has reached an agreement to purchase 19 hydroelectric dams in Maine, including the two largest in the state. The company, which is managed and majority-owned by Toronto-based Brookfield Asset Management, is acquiring the portfolio of 19 hydroelectric dams, as well as eight upstream storage reservoir dams, …

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  • Ben Hutchins

    “While NextEra Energy Resources is shedding all its hydropower facilities in Maine, it is still the owner of approximately 800 megawatts of generating capacity at six oil-fired generation units.” Which is kind of ironic given the company’s name. Maybe they should take the opportunity to change it to something more apropos to their portfolio, like “PreviousEra”.

    • Anonymous

      It may be possible to convert them to burn natural gas, and generate electricity at peak demand, i.e. this is probably a smart move for them.

  • Anonymous

    I know a lot of guys working at those power plants. They are talking about losing their jobs, then applying to the new company for less wages, no union, and no retirement plan. What a darn shame it has come to this from what used to be good jobs when CMP owned these hydro plants. The dam I used to work at was torn down so the fish could pass. Granted, it wasn’t a huge generation of power, but the company just decided it wasn’t worth it to build and maintain fish passage structures. It’s sad…more good paying middle class jobs might be coming to an end.

    • Support unions to protect workers.

      • Anonymous

        No.

  • Anonymous

    Ask the folks at JP Levesque in Ashland how well Brookfield ownership worked out for them.

    • Anonymous

      Ask folks at millinocket, at madawaska, at edmundston, at plaster rock, anywhere Brookfield sets up shop its not for the people that work there its for the coporate raiders that show up with this company

  • Anonymous

    I wonder when Canada will own enough of Maine and maine business to just annex us into New Brunswick. Irving woodlands, Brookfield, Tim hortons. . .

  • Anonymous

    Maine needs to reclaim all of its water rights, Maine waterways, lakes, rivers, aquifers and such are owned by the people of Maine. The Rights of Use of these State resources need to benefit the citizens of Maine not personal nor corporate wealth. While these resources should and are used in private profited manners these rights were originally granted (by the State) in exchange for thousands of jobs as the trade off. Today they are sold on an open market with little to no trade off of an established economy for the people of Maine. Foreign ownership and trading of natural public resources need to be prohibited and/or restricted to a greater public purpose other than private capitalist ownership.
    I’m Just A Retire Maine Business Owner Supporting Opportunities for Maine’s Economy

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