Under the plan, the U.S. and other nations will increase liquified natural gas exports to Europe this year.
energy
Posted inBusiness, Local & State
Maine regulators propose tougher performance standards for power utilities
The Maine Public Utilities Commission is considering a plan to add new standards through rulemaking that would be similar to those proposed in a pending bill being debated in the Legislature.
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Posted inBusiness, Local & State
Legislative committee splits 3 ways on utility accountability bill
Lawmakers will be under pressure to find some compromise on making power companies more accountable in Maine.
Posted inNation & World, News
Ukraine war leads to pressure for U.S. to increase oil production
President Biden’s move to ban oil from Russia over its invasion of Ukraine was met with calls to boost U.S. production to help bring down soaring gasoline prices.
Posted inBusiness, Local & State
Power bill tax relief: Lawmakers find no easy solutions to complex problem
The sponsor of a bill envisioning some form of tax relief acknowledges, ‘there’s no silver bullet’ to ease high energy costs.
Posted inBusiness, Local & State
Maine drops CMP fraud probe after accuser withdraws suit and judge dismisses case
The state Public Utilities Commission has closed its summary investigation into potential rate impacts at Central Maine Power, citing a lack of evidence.
Posted inBusiness, Local & State
Gasoline prices hold steady in Maine after rapid surge
The average regular gasoline price in Maine was unchanged Sunday from a week earlier at a record high of $4.26 per gallon.
Posted inBusiness, Local & State, News
As energy prices surge, Maine lawmakers propose new relief bills
Democrats unveiled proposals Wednesday aimed at easing the effects that are hitting now and planning for future price spikes.
Posted inBusiness, Local & State
Ukraine crisis sends fossil fuel prices soaring in Maine
Gasoline prices are approaching a record high, and heating oil already has surpassed the previous record.
Posted inBusiness, Nation & World
U.S. gasoline prices rise again as support grows for banning Russian oil
Top congressional officials reached agreement Monday on legislation that would ban Russian oil imports to the U.S. and end Russia’s permanent normal trade relation status.