A lawsuit involving more than 2 million pages of evidence will confront jurors, who must decide whether Central Maine Power’s parent has vested rights in the project Mainers voted to kill in 2021.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, New England, News
The CMP corridor battle: Where does the money come from?
The fight over the proposed New England Clean Energy Connect hydropower transmission line has become a multimillion-dollar industry of its own.
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Posted inBusiness, Maine, News
Portland jetport restaurant workers sue employer, alleging they were underpaid
The two said they were paid as tipped workers – half the state’s minimum wage – even when they did work that earned them no tips.
Posted inBusiness, Nation & World
Personal finances stressing half of lower income U.S. households
The poll also finds that those earning at least $100,000 annually are more likely to expect their situation will improve in the year ahead.
Posted inBusiness, Kennebec Journal, Maine
Craft beverage makers across central Maine put down roots
For Absolem Cider Co., Run Amok Mead and Sidereal Farm Brewing, digging in and growing their craft beverage businesses is as important as the drinks they are making.
Posted inBusiness, Nation & World
Utah social media law means kids need approval from parents
The crusade shows how perceptions of Big Tech have changed among typically pro-business Republicans.
Posted inBusiness
Wall Street rallies, marking 2nd winning week in a row
Still, much of the focus is on Deutsche Bank, whose stock tumbled 8.5% in Germany.
Posted inBusiness
Deutsche Bank shares drop 8.5% amid global jitters
But European leaders downplayed any risk of a possible crisis at a summit Friday.
Posted inBusiness, Maine, News
Maine lawmakers consider bill to keep funding lobster legal defense
As the industry battles federal right-whale regulations, L.D. 710 calls for allocating 20% of the fishery’s license surcharges – about $380,000 a year – to the legal defense fund through 2030.
Posted inBusiness
California may punish oil companies for high gas prices
A bill to punish oil companies for profiting from price spikes at the pump has passed the California Senate.