The company filed a lawsuit in Maine Superior Court challenging the constitutionality of a voter-approved measure to ban the project.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Elections, Maine, News
Maine voters approve $100 million transportation bond
Election returns late Tuesday night showed 71% of voters supported the borrowing package, which includes $85 million for highways and bridges.
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Posted inBusiness, Nation & World
Facebook to shut down face-recognition system, delete data
About 640 million users opt for that form of authentication system.
Posted inBusiness, Maine, News
L.L.Bean expects delays going into holiday season amid global supply-chain mess
While the company’s well-known “Bean Boot” is made locally in Maine, L.L.Bean, like many other retailers, operates through a global supply chain.
Posted inBusiness, Maine, News
Portland International Jetport pursues $4.5 million property deal
The airport plans to buy a 4.5-acre valet service parking lot from its current owner and restart the business, which closed during the pandemic.
Posted inBusiness, Nation & World
U.S. says oil, gas sales damage climate – but won’t stop them
Bureau of Land Management officials say they can’t do much to prevent impacts, in part because they can’t discern the significance of emissions from government-owned fuel reserves versus other sources.
Posted inBusiness, Nation & World
Official recommends New Mexico reject merger involving CMP’s parent company
Under the merger, Connecticut-based Avangrid and its parent firm, Iberdrola of Spain, would acquire PNM Resources and its PNM and Texas New Mexico Power subsidiaries.
Posted inBusiness
Wall Street stock indexes eke out more record highs
More than 65 percent of stocks in the S&P 500 rose, led by energy companies.
Posted inBusiness, Nation & World
Treasury says it plans to borrow $1.02 trillion this quarter
The amount is the largest since the government borrowed $2.75 trillion in March 2020.