While the U.S. exports natural gas at record levels, New England will have to import it, in liquid form. That dependence could cost a typical Maine household an extra $22 a month in electricity.
energy
Posted inBusiness, Local & State, News
Summit Natural Gas request for higher rates has some Mainers fuming, questioning
A decade since the company came to the state, enthusiasm for the energy provider has been dampened by high costs and slow service expansion.
advertisement
Posted inLocal & State, Morning Sentinel
Waterville council votes to join state partnership in protecting city against climate change
The City Council on Tuesday took a first step to prepare for a plan to reduce carbon emissions, transition to clean energy and become more resilient to climate change by adopting a resolution to partner with the state on a climate action plan called Maine Won’t Wait.
Posted inBusiness, Nation & World, News
Oil companies see unprecedented profits as consumer prices soared
On Friday, Exxon Mobil booked an unprecedented $17.85 billion profit for the second quarter and Chevron made a record $11.62 billion.
Posted inBusiness, Nation & World
Russia’s Gazprom to cut gas flow to Europe to 20% of capacity
Concerns are rising about a possible recession if Europe does not save enough gas and rationing is required to get through the cold months.
Posted inBusiness, Nation & World, News
‘We’re in trouble’: Electric rates in Texas have surged over 70% as summer kicks in
This month, the average residential rate listed on the site was 18.48 cents per kilowatt hour. That’s up from 10.5 cents in June 2021.
Posted inBusiness, Local & State
New England fuel dealers plot their future in a rapidly electrifying world
As more mandates and incentives are rolled out to fight climate change, a strategy emerges to cast doubt on electrification while talking up renewable liquid fuels.
Posted inBusiness, Local & State
Maine approves $63 million CMP power line upgrade over residents’ objections
Hundreds opposed the upgrade as benefiting a planned land-based salmon farm to be built in Belfast by Nordic Aquafarms, but regulators noted ongoing problems with the aging line.
Posted inBusiness, Local & State
Average CMP bill to decrease almost 3% for home customers starting in July
State utility regulators estimate the average residential customer bill will decrease by $3.40 a month, or 2.7 percent of the total bill.
Posted inBusiness, Local & State
Request for offshore wind power contract raises Maine ratepayer concerns
The proposed contract’s likely impact on Maine electricity customers is being shielded from public view, for now.