The company didn’t disclose how much power it plans to purchase or the related cost savings it anticipates.
energy
Posted inBusiness, Local & State, News
Long-running dispute over regional energy market settled
A former state official and his company will pay nearly $1.5 million to settle the allegations, which were first unveiled in 2012.
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Posted inBusiness, Local & State, News, Uncategorized
With Biden in the White House, Maine could see major changes
The president-elect is already preparing to move forward with an ambitious policy agenda on the environment, health care, taxes, education and other issues.
Posted inBusiness, Local & State
Maine’s bold climate action plan will require money, commitment
The plan would cost billions of dollars to execute, but state leaders say the cost of doing nothing would be even greater.
Posted inBusiness, Local & State
CMP critics go to court, renew allegations of improper shutoff warnings
The utility says its disconnection notices are legal, and the state’s Office of Public Advocate says it hasn’t received any recent complaints.
Posted inBusiness, Local & State
CMP customers’ electricity supply rates to fall for second year in a row
Residential and small business customers can expect nearly a 12% drop in the supply portion of their bills. Meanwhile, CMP comes in last for the third straight year in a national survey of business customers.
Posted inBusiness, Local & State
Opponents of CMP corridor ask judge to prevent construction
The Appalachian Mountain Club, the Natural Resources Council of Maine and Sierra Club Maine have filed a motion for a preliminary injunction to prevent work from starting on the corridor in December.
Posted inBusiness, Local & State
Maine offshore wind project starts search for vendors, suppliers
The move by New England Aqua Ventus LLC is an indication that, after a dozen years, the demonstration project is moving forward.
Posted inBusiness, Local & State
Company plans biorefinery for zero-emission heating oil in Maine
Biofine Developments Northeast Inc. of Bangor has formed a partnership with Sprague Resources LP to produce a patented biofuel made from forest product waste.
Posted inBusiness, Local & State
Groups file lawsuit against Army Corps of Engineers over CMP corridor analysis
The Appalachian Mountain Club, Natural Resources Council of Maine and Sierra Club Maine allege the Army Corps failed to rigorously assess the transmission corridor project’s environmental impact.