Following drastically reduced prices during the coronavirus pandemic’s first year, energy costs have rebounded to pre-pandemic levels.
energy
Posted inBusiness, Local & State, News
Documents reveal spending, legal strategy for embattled power line project
Avangrid Corp. has spent $350 million on the $1 billion New England Clean Energy Connect project and has developed contingency plans for its legal challenges.
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Posted inBusiness, Local & State, News
Maine’s high court backs CMP’s use of disconnection notices
Plaintiffs had argued that the utility acted unreasonably when it sent the notices as the pandemic worsened last winter.
Posted inBusiness, Local & State
Maine utility regulators order preliminary probe of CMP management structure
The Public Utilities Commission has asked Central Maine Power to produce a ‘performance plan’ that outlines how the utility will maintain progress on recent improvements and address concerns raised by a recent audit.
Posted inBusiness, Local & State, News
Canadian dam owner sues Maine over alleged effort to remove 4 Kennebec River dams
Brookfield Renewable argues state agencies are violating a binding river management agreement in their fight over the future of Atlantic salmon.
Posted inBusiness, Local & State
CMP touts customer service fixes in bid to lift state-imposed earnings penalty
Central Maine Power says it has met or exceeded state-imposed customer service benchmarks and paid a record penalty of $10 million in revenue over 18 months.
Posted inBusiness, Local & State
Referendum would require vote on cost of buying out CMP and Versant
CMP-backed opponents of a proposed consumer-owned utility in Maine say voters should have the final say on the purchase price.
Posted inBusiness, Nation & World
Ida-wrecked power grid could boost support for infrastructure bill
Hurricane Ida took down more than 2,000 miles of transmission lines owned by Entergy Corp. and 216 substations, plunging more than a million homes and businesses into the dark.
Posted inBusiness, Local & State
David Flanagan, CMP executive chairman and Maine business icon, is battling cancer
Flanagan will take on the less demanding role of senior advisor when incoming President and CEO Joseph A. Purington takes over at the end of September.
Posted inBusiness, Local & State
CMP appoints New England energy exec as its next president, CEO
Joseph A. Purington, president of operations for Eversource Energy in New Hampshire, said he will use his past CMP experience to restore public trust.