Eagle Creek Renewable Energy owns four hydroelectric facilities in Jay, Livermore and Livermore Falls. It was licensed only to supply power to the paper mill, which is now closed.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
U.S. employers added solid 187,000 jobs in August in sign of still-resilient labor market
The August jobs report also showed that wage gains are easing, a trend that may help signal to the Fed that inflation pressures are cooling.
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Posted inBusiness, Maine, Nation & World
Pro-wind power groups urge Mills to give tribes a place at the table
Environmental and labor officials ask the administration to do more to include the Wabanaki tribes of Maine in offshore wind talks.
Posted inBusiness, Nation & World, New England
Finders keepers? Connecticut man arrested months after discovering $5,000 in a parking lot
Police in Trumbull, Connecticut say the bag full of money was clearly marked as belonging to the town’s tax department.
Posted inBusiness, Nation & World, News, Politics
Biden administration proposes rule that would require more firearms dealers to run background checks
The bureau estimates that the rule would affect anywhere from 24,500 to 328,000 sellers.
Posted inBusiness
Owners of 4 Pennsylvania daily newspapers sell to publishing giant
MediaNews Group’s parent company is Alden Global Capital, a New York hedge fund that has been buying up newspapers across the country and faced criticism for slashing budgets and cutting jobs.
Posted inBusiness
Travelers hoping to enjoy one last summer fling over Labor Day should expect lots of company
Thursday figures to be the busiest day in U.S. airspace.
Posted inBusiness, Nation & World
U.S. commerce secretary warns China will be ‘uninvestable’ without action on raids, fines
Commerce Secretary Gina Raimondo visited Beijing as part of U.S. efforts to restore relations that plummeted to their lowest level in decades due to disputes about technology, security, Taiwan, and other issues.
Posted inArts & Entertainment, Business
Hollywood’s working class turns to nonprofit funds to make ends meet during the strike
Hollywood crew members are turning to nonprofits like the Entertainment Community Fund for assistance as they have also lost work during the writer and actors strikes.
Posted inBusiness, Nation & World
Millions more would be entitled to overtime pay under proposed Biden administration rule
It would require employers to pay overtime to so-called white collar workers who make less than $55,000 a year.