Maine regulators are reviewing the deal in which Avangrid would become a privately held company and assessing how relieving it of federal public reporting requirements would impact ratepayers.
Avangrid
Posted inBusiness, Nation & World
Turbine-hating Trump poses new threat to beleaguered offshore wind
The candidate’s vocal disdain for wind farms is another worry for developers, who’ve faced high costs and supply chain woes.
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Posted inBusiness, New England, News
Two large offshore wind sites are sending power to the U.S. grid for the first time
One project, co-owned by the parent company of Central Maine Power, will be a 62-turbine wind farm 15 miles off the coast of Massachusetts.
Posted inBusiness, Nation & World, News
Proposed $4.3 billion merger of Avangrid, New Mexico utility scuttled
Officials with New Mexico’s largest electric utility say a proposed multibillion-dollar merger with Avangrid, a U.S. subsidiary of global energy giant Iberdrola, has been scuttled.
Posted inBusiness, Maine, News, Politics
Opponents of public utility takeover far outspend supporters as Election Day nears
The owners of Maine’s largest power companies have spent more than $37 million to defeat Question 3, while the leading supporter of a public utility takeover has spent just over $1 million.
Posted inBusiness, Election 2023, Maine, Politics
Foreign ownership in CMP parent clouds 2 ballot measures
A foreign government’s ownership stake in a utility is complicated, and some experts say it doesn’t matter anyway because ownership of a regulated utility doesn’t translate into governance.
Posted inBusiness, Maine, New England, News
Much debated hydropower transmission corridor to be renegotiated because of cost increases
Maine lifted its stop-work order nearly 2 months ago but construction has not yet resumed on the project.
Posted inBusiness, News
Work can resume on CMP power-line project, jury rules
Construction of the 145-mile line through western Maine has been stalled since a 2021 voter referendum that opposed the $1 billion project.
Posted inBusiness, Maine, New England, News
Power line construction moved ahead on good-faith schedule, jurors told
New England Clean Energy Connect, backed by Central Maine Power and its affiliates, was repeatedly forced to change timeframes, lawyers for the project said on the second day of a civil trial.
Posted inBusiness, Maine, New England, News
War over CMP corridor enters new phase – a jury trial
A lawsuit involving more than 2 million pages of evidence will confront jurors, who must decide whether Central Maine Power’s parent has vested rights in the project Mainers voted to kill in 2021.