The supply cost hike is tied largely to wholesale natural gas prices that are on track to keep rising in 2026, in part because more gas will be shipped overseas.
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Posted inBusiness, Local & State, News
Unitil wants to buy one of Maine’s only other gas utilities
If regulators approve the multi-million dollar deal, it would leave Maine with 2 natural gas providers: Unitil and Summit Natural Gas.
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Posted inBusiness, Local & State, News
Trump tariffs may roil Maine energy prices and lobster, lumber markets
Canada, which is Maine’s largest trading partner, could be particularly hard hit by a 25% universal tariff, as suggested by the president.
Posted inBusiness, News
CMP customers will pay slightly less for electricity next year. It might not last.
Natural gas prices that play a big role in electricity generation in New England have settled, giving ratepayers a modest break in their monthly bills.
Posted inBusiness, Local & State, News
Gas pipeline operators’ push for higher rates could spark increase in electricity costs
Besides delivering gas to homes, the pipelines also supply power plants that generate electricity, meaning the requests before the Federal Energy Regulatory Commission will have a ripple effect on the cost of electricity.
Posted inBusiness, Local & State, News, Politics
Compromise calls for studying natural gas use in Maine, rather than restricting it
Legislation that calls for studies of natural gas use passed the House, but it was criticized by a Democrat as ‘watered down’ and a Republican who said it’s unnecessary.
Posted inLocal & State, Politics
Maine lawmakers opt to study natural gas use, regulations instead of limiting pipeline expansion
A legislative committee approved a compromise to study natural gas use after a proposal to curtail the fossil fuel drew fierce opposition from the industry and business allies.
Posted inBusiness, Local & State, Politics
Gas industry, environmentalists, consumer advocates negotiate study on future of natural gas in Maine
Numerous stakeholders are negotiating what a study would look like as legislation proposes to scale back Maine’s natural gas network.
Posted inBusiness, Local & State, News
Bill to scale back natural gas in Maine draws strong opposition at public hearing
Environmentalists say the measure is needed to reduce greenhouse gas emissions, but the industry and business communities say it would limit consumer choice and harm the economy.
Posted inBusiness, Local & State, News
Environmentalists, consumer advocates at odds with businesses over plan to scale back natural gas
Proposed legislation targets natural gas expansion to reduce greenhouse gas emissions, but business groups and Republicans say it will damage Maine’s economy.