Regional nonprofit energy consortium extends proven energy solutions to 320+ Maine public entities and nonprofits
BOSTON, MA – JANUARY 10, 2026 – PowerOptions, the Boston-headquartered nonprofit energy consortium working with public entities and nonprofits across New England, announced today that it will transition the Maine PowerOptions (MPO) program from the Maine Municipal Bond Bank (MMBB) and Maine Health and Higher Educational Facilities Authority (MHHEFA) to its organization. The transition will provide Maine PowerOptions’ 320+ public entity and nonprofit Members with expanded access to energy solutions while maintaining local presence and program continuity.
The Maine PowerOptions program, established in 1998 during energy market restructuring, has served municipalities, public schools, water and sewer districts, healthcare facilities, higher education institutions, and other public and nonprofit entities throughout Maine. The program helps Members navigate the complex energy procurement landscape and achieve cost savings through group purchasing power.
The decision to transition the program to PowerOptions comes as MMBB and MHHEFA, the state agencies that have overseen Maine PowerOptions, and who specialize in making and servicing long-term infrastructure loans to and for municipalities, governmental units and nonprofit corporations, recognized the need for specialized energy expertise with the retirement of their lead program officer. Rather than wind down the program, the agencies chose to transition the program to PowerOptions to ensure continuity and enhanced services for members.
“PowerOptions has been an excellent partner, helping us extend programs to our Members that we couldn’t offer ourselves,” said Terry Hayes, Executive Director of the Maine Municipal Bond Bank and Maine Health and Higher Education Facilities Authority. “This transition ensures our Members will receive even better service while maintaining the local presence that’s so important to Maine communities.”
“This transition represents a natural evolution for the Maine PowerOptions Program,” said Tina Bennett, CEO of PowerOptions. “We were founded around the same time for the same purpose – to help public entities and nonprofits affordably navigate a complex, evolving energy landscape and that shared purpose still holds true today. By bringing these programs together, we can improve overall program efficiency and offer Maine Members a more robust suite of energy solutions while maintaining the local service they’ve come to expect.”
PowerOptions, MMBB and MHHEFA finalized the transition as of the new year.
About PowerOptions
PowerOptions is a nonprofit energy consortium that has been helping public entities and nonprofits navigate energy markets since 1998. The organization provides energy procurement services, demand response programs, and clean energy solutions to more than 500 Members across New England. PowerOptions is committed to supporting member goals for affordability, resiliency, and decarbonization. For more information, visit www.poweroptions.org.
About Maine PowerOptions
Maine PowerOptions has served Maine’s public entities and nonprofits since 1998, providing energy procurement services and group purchasing power to help Members achieve cost savings and navigate energy market complexities. The program has been sponsored by the Maine Municipal Bond Bank and Maine Health and Higher Educational Facilities Authority.
Media Contact
Karen Veliz
karen@axonomy.io on behalf of PowerOptions