Referendum Question E - FAQs and Information

FOR IMMEDIATE RELEASE

Referendum Question E:

Do you favor changing the debt limit of the Kennebunk Light and Power District from $6,000,000 to $30,000,000?

KENNEBUNK, Maine (September 28, 2026) – Kennebunk Light & Power District (KLPD) hosted an open public hearing Monday evening at the Kennebunk Town Hall Auditorium to provide information and receive public comment regarding Referendum Question E, which will appear before Kennebunk voters on Tuesday, November 3, 2026

Referendum Question E asks voters whether they support increasing KLPD's debt limit from $6 million to $30 million. KLPD officials explained that the proposed increase would provide the financial flexibility necessary to support critical infrastructure investments needed to maintain safe, reliable electric service for the community while preparing for future growth and system modernization.

During the hearing, KLPD representatives discussed the District's current debt authority, future capital improvement needs, and the role of debt financing in funding major projects. The District noted that its current debt limit was last increased in 2006 and that KLPD currently carries no outstanding debt.

Officials also emphasized that approval of Question E would not automatically result in new borrowing. Rather, it would increase the maximum amount of debt the District may have outstanding at any one time. Any future borrowing would remain subject to action by the KLPD Board of Trustees and, where required, review by regulatory authorities.

Among the projects discussed was the planned replacement of the Water Street Substation, a key investment intended to support long-term system reliability and resilience. KLPD has identified borrowing needs of up to $30 million over the next five years to fund infrastructure improvements and meet the evolving needs of the community it serves.

The hearing provided residents with an opportunity to ask questions, share comments, and learn more about the potential impacts of the referendum before casting their votes. KLPD encourages all voters to review the available information and participate in the referendum process.