The plaintiff, a former subcontractor, alleges Avangrid bought unnecessary equipment knowing it could recover the costs through higher electricity rates for customers in Maine and elsewhere.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Kennebec Journal, Maine
Christmas Tree farms see success again this year
After the record-breaking year in sales last year, Christmas tree farms in central Maine are off to a steady start the second weekend in.
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Posted inBusiness
OPEC+ sticks to modest boost in oil output despite omicron
The pace has frustrated the United States and other oil-consuming nations as gasoline prices rise.
Posted inBusiness
Holiday shoppers navigate shortages with mixed results
It’s getting almost too late to buy early: On Cyber Monday, the prevalence of out-of-stock messages rose 8& compared to a week earlier.
Posted inBusiness, Maine
Offshore wind brings ‘gust’ of job growth, energy secretary says
Jennifer Granholm visits Rhode Island, where a building is being constructed for the fabrication and assembly of large, advanced components for turbine foundations.
Posted inBusiness, Maine, Word on the Street
Word on the Street: Maine ice cream shops staying open even when it’s frozen outside
All Fielder’s Choice locations are open Sunday and Thursday noon to 8 p.m. and Friday and Saturday noon to 8:30 p.m.
Posted inBusiness, Maine
Lobstering union petitions U.S. Supreme Court to overturn Gulf of Maine closure
It’s the most recent development in a legal battle between Maine’s lobster industry and conservationists seeking to protect endangered North Atlantic right whales.
Posted inBusiness, Maine
New England shrimp industry should not restart, experts say
A group of experts is recommending to keep New England’s shrimp fishing industry closed down because of concerns about the health of the population.
Posted inBusiness, Nation & World
U.S. unemployment claims rise despite rebounding job market
Companies now complain that they can’t find workers to fill job openings, a near-record 10.4 million in September.
Posted inBusiness, Maine
Canadian publisher buys Maine magazines
Advocate Printing and Publishing, based in Atlantic Canada, is buying Maine Magazine and Maine Home + Design.