Cianbro Chairman and CEO Peter Vigue is setting the groundwork for debate over a Legislative bill that he hopes will become the blueprint for Maine's economic prosperity well into the century. The proposal is called LD 955, An Act to Transform Maine's Economy. It is receiving early backing from key lawmakers on both sides of the aisle, including Senate President Libby Mitchell and House Minority Leader Josh Tardy. Governor John Baldacci has included portions of Vigue's plan in a vision for Maine's future.
The plan involves hundreds of millions of dollars in investments to upgrade Maine's capabilities in six key areas: home and business weatherization, energy supplies, business climate, food security, healthcare, and transportation. The funding to pay for the upgrades would come from new ways to leverage Maine's current assets. One example: the rights of way along the state's roadways, particularly Interstate 95, could be used as energy corridors to transport electricity, natural gas, and other commodities. The idea eliminates the need for utility companies to expend millions of dollars in siting new energy corridors, taking land by eminent domain, collecting permits, and clear cutting the new corridors. Vigue says utility companies are willing to pay millions of dollars to lease existing rights of way from the state. The funding could then be invested in the state across the six key issues.
Bill would revisit East-West highway debate
Mon, 28 Nov 2011 20:39:00 -0500
Pete Vigue speaks to the Joint Select Committee on Maine's Energy Future
Mon, 06 Apr 2009 12:08:00 -0400
1/18/2012 – Pete Vigue to Speak at AGC Annual Meeting: South Portland, Maine
Provide interest-free revolving loans, managed by power companies, paid back on monthly energy bills using energy cost savings.
Creates jobs & reduces carbon emissions.
State will invest $500 million to establish an interest-free, revolving loan fund for:
Install 5 GW in Offshore Wind capacity in Gulf of Maine by 2020.
Make UM world R&D leader in offshore wind. Deploy demonstration turbines in 3 yrs. Attract $15 Billion in private capital starting in 8th year.
Creates 5,000 to 25,000 new jobs.
1. Gulf of Maine has over 100 GW of offshore wind capacity, nearly 10% of the US electricity potential last year.
2. Goal is to install 5 GW in offshore wind capacity in Gulf of Maine by 2020. One thousand, 5 MW towers.
3. To get there, invest $200 million at UM to design, test and deploy demonstration turbines in 3rd and 5th year. Attract $15 billion in private capital starting in 8th year. Create 5,000 to 25,000 new jobs.
Maine Power Reliability Program & Maine Power Connection -$1.2 Billion
Hydro Quebec Connection - Coburn Gore to Eustis – 10 Million
Bangor Hydro/Emera DC Cable to Southern New England - $800 Million
Establish business attraction & investment programs.
Create a revolving loan program for construction financing that includes facilities & equipment.
Create a PILOT program (Payment in Lieu of Taxes)
Creates jobs & Millions in Investment.
Invest $300 million to establish a revolving loan program for construction financing.
A 2-year revolving loan will provide 100% financing in new equipment and facilities.
Create a PILOT Program (Payment in Lieu of Taxes) to pay municipal bonds or permanent financing. The Pilot Program will attract major investment and allow investors to secure their plant and equipment at no cost.
The PILOT Program will create thousands of jobs which will expand our economy and expand our tax base.
Develop locally grown & produced foods to mitigate rising costs due to fuel, transportation and demand.
Develop R&D programs at UMaine focused on producing food locally, leading to investments in local agriculture, aquaculture and farm infrastructure. Become “Bread basket” of the Northeast.
Creates jobs & investments
Food costs are rising due to increased demand, fuel and transportation costs. Maine’s close proximity to the Northeast population centers provide significant opportunities for expanding food production. Maine will become the Northeast “foodbasket”.
Invest $200 million in R&D at UMaine focused on growing and producing food locally, leading to investments in local agriculture, aquaculture and marketing infrastructure.
Global Demand for food will continue to increase, which raises concerns for its availability.
Security (availability), safety and quality of food sources will continue to increase as an issue in the years to come.
Create virtual medical school. Maine will become a laboratory for improved health and wellness in the United States.
Create world class medical school facilities at UMaine and UNew England. Develop R&D programs with Jackson Lab, UM, EMMC, ME Medical focused on improving health. Attract 300M/yr in NIH funding by developing solutions to US Health Issues.
1. Invest $300 million to create a virtual medical school so Maine becomes a laboratory for improved health and wellness in the US.
2. The goals are to:
Extend I-95 to Maine’s Northern Border; announce support of East West Highway & Utility Corridor
$100 M in matching funds to extend I-95 to Northern Border & Maine’s rail & mass transportation systems.
East West Highway will attract over $2 Billion in investment.
Invest $100 million of matching money to extend I-95 to the Northern Maine border and other transportation projects.
Announce the support the East-West Highway & Utility Corridor, a PRIVATELY funded $2 Billion project.
Reactivate Northern Maine’s Rail System, North-South and East-West.