The settlement agreement, which must be approved by the Public Utilities Commission, would increase the monthly bill for the typical residential customer by 4%.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inArts & Entertainment, Business, Nation & World, New England, Schools and Education
Hollywood executive booed during Boston University graduation
Scores of students turned their backs as the CEO of Warner Bros. Discovery gave the school’s commencement address while striking writers picketed outside.
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Posted inBusiness, Nation & World, News, Politics
Biden, McCarthy to meet Monday for debt limit talks after ‘productive’ call
Biden previously said on Sunday that Republicans in the House must move off their ‘extreme positions’ on the now-stalled talks over raising America’s debt limit.
Posted inBusiness, Local & State, News
Maine businesses brainstorm how to deal with climate change as an economic issue
Over 400 businesspeople and 60 presenters gathered in Augusta to share perspectives and practices on dealing with Earth’s warming.
Posted inBusiness, Nation & World
NASA picks Bezos’ Blue Origin to build lunar landers for moonwalkers
Jeff Bezos’ rocket company has won a NASA contract to land astronauts on the moon, two years after losing out to SpaceX
Posted inBusiness, Nation & World, News
Federal Reserve Chair hints at a pause in rate hikes when central bank meets in June
Powell said the central bank’s benchmark rate, which affects many consumer and business loans, is now high enough to restrain borrowing, spending, and economic growth.
Posted inBusiness, Local & State
Maine may pay lobster fishers to test new gear as whale protection rules loom
A bill would create a ‘lobster innovation fund’ to pay lobster fishing license holders to test new fishing technologies.
Posted inBusiness, Nation & World, News
TikTok content creators file lawsuit against Montana over first-in-nation law banning app
The Montana residents also argued in a legal complaint filed late Wednesday in federal court in Missoula that the state doesn’t have any authority over matters of national security.
Posted inBusiness, Local & State, Politics
Lawmakers hear competing offshore wind proposals
One bill lays out a detailed state path to promote floating offshore wind that will help Maine meet its climate goals and create jobs, while the other seeks to use the state’s power to keep the industry out of the Gulf of Maine where fishermen earn their living.
Posted inBusiness, Health, Nation & World
FDA advisers back RSV vaccine for pregnant women that protects their newborns
If the FDA ultimately approves the maternal shot, it would mark a second milestone in the decades-long quest to prevent the respiratory syncytial virus.