The Maine Public Utilities Commission would use metrics gauging the service provided by Central Maine Power and Versant Power when considering a rate increase.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Consumer confidence slips in February as anxiety over potential recession surprisingly reappears
Americans were slightly less worried about food and gas prices in January but expressed more concern about jobs and the ongoing presidential campaign.
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Posted inBusiness, Nation & World, News
Macy’s to close 150 stores as sales decline and company pivots to luxury
The remaining stores will receive upgrades and the company says it will open 15 Bloomingdale’s and 30 of its Blue Mercury cosmetics locations. It is unclear whether the company’s only store in Maine will be impacted.
Posted inBusiness
Boeing hit by damning report faulting safety procedures
Regulators found that management oversight of employees responsible for investigative duties could ‘potentially compromise’ safety and lead to retaliation.
Posted inBusiness, Nation & World
What recession? Forecasters raise expectations for U.S. economy in 2024
Though measures of inflation have plummeted from their heights and are nearing the Federal Reserve’s target level, many Americans remain unhappy that average prices are still about 19% higher than they were when President Biden took office.
Posted inBusiness, Nation & World
Ohio commission awards bids to frack oil and gas under state parks, wildlife areas
Fracking opponents decried the commission as being ‘sheep’ and giving in to corporate greed at the expense of Ohio greenspace.
Posted inBusiness, Nation & World, News
Trump owes $112,000 for every day he doesn’t pay New York fraud fine
The amount, calculated by Attorney General Letitia James, will continue to be added even as the former president challenges the Feb. 16 verdict, a process he began on Monday.
Posted inBusiness, Local & State, News, Sports
Lack of snow in Maine cancels Can-Am sled dog races, which draw thousands each year
The event normally brings thousands of spectators and valuable tourism dollars to northern Maine, one of the most rural parts of the Northeast.
Posted inBusiness, Nation & World, News
Shaw’s Supermarket parent company merger in doubt as U.S. sues to block merger of Kroger, Albertsons
The lawsuit could scuttle Kroger’s $24.6 billion proposed takeover of Albertsons, which owns 19 Shaw’s supermarkets in Maine.
Posted inBusiness, Nation & World, News
Supreme Court casts doubt on Republican-led states’ efforts to regulate social media platforms
Law passed in Florida and Texas say social media companies are liberal-leaning and censor users based on their viewpoints, especially on the political right.