Some lawmakers say investor-owned utilities require a return on equity that often creates an incentive to not invest in new energy sources.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News, Schools and Education
Biden administration extends student loan moratorium to May
Interest rates will remain at zero percent and debt collection efforts will be suspended.
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Posted inBusiness, Health, Nation & World, News
Pfizer pill becomes the 1st U.S.-authorized home COVID treatment
Paxlovid is a faster, cheaper way to treat early infections than current drugs, though initial supplies will be extremely limited.
Posted inBusiness, Nation & World, News
U.S. investigates potential of drivers playing video games in Teslas
The probe by the National Highway Traffic Safety Administration covers about 580,000 electric cars and SUVs from model years 2017 through 2022.
Posted inBusiness, Maine, News
Maine employers told to prepare to implement federal vaccine mandate
Though the rule has been appealed to the U.S. Supreme Court, it is set to begin taking effect in less than three weeks.
Posted inBusiness, News
Farmington feels impact of nationwide supply-chain issues
Local businesses in downtown Farmington, such as the bookshop, music store, etc. report difficulties and the many workarounds they’ve used to keep shelves stocked amid nationwide supply-chain issues.
Posted inBusiness, Nation & World
U.K. to give $1.3 billion in aid to businesses hurt by omicron
The hospitality industry has taken a hit from public health measures, staff shortages and reservation cancellations.
Posted inBusiness, Nation & World
Biden administration moves to expand solar power on U.S. land
Almost 1,400 square miles of public land has been identified, and if developed, could produce enough electricity for 29 million homes.
Posted inBusiness, Nation & World
Omicron casts new shadow over economy’s pandemic recovery
One fear is that infections will further disrupt manufacturing and shipping, worsening the supply chain backlogs.
Posted inBusiness, Nation & World
Federal watchdog say Trump administration overpaid corn farmers by $3 billion
A federal watchdog says the Trump administration overpaid corn farmers by about $3 billion in federal aid in 2019 and that farmers in the South were paid more for the same crops than elsewhere in the country