Avangrid
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PublishedSeptember 17, 2024
Regulators allow $2.5 billion corporate takeover of CMP to proceed without review
The PUC agrees to waive state review of the deal in which Spanish energy giant Iberdrola will acquire the remaining shares in Central Maine Power's parent company, Avangrid.
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PublishedAugust 26, 2024
CMP moves one step closer to avoiding regulatory review of Iberdrola takeover
A report by utilities regulators says an exemption to the state law requiring the review is warranted based on previous approval of a 'corporate structure' and dozens of conditions that remain in effect.
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PublishedJuly 17, 2024
Spanish energy giant Iberdrola seeks full control of CMP parent
Maine regulators are reviewing the deal in which Avangrid would become a privately held company and assessing how relieving it of federal public reporting requirements would impact ratepayers.
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PublishedMay 9, 2024
Turbine-hating Trump poses new threat to beleaguered offshore wind
The candidate’s vocal disdain for wind farms is another worry for developers, who’ve faced high costs and supply chain woes.
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PublishedJanuary 3, 2024
Two large offshore wind sites are sending power to the U.S. grid for the first time
One project, co-owned by the parent company of Central Maine Power, will be a 62-turbine wind farm 15 miles off the coast of Massachusetts.
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PublishedJanuary 2, 2024
Proposed $4.3 billion merger of Avangrid, New Mexico utility scuttled
Officials with New Mexico’s largest electric utility say a proposed multibillion-dollar merger with Avangrid, a U.S. subsidiary of global energy giant Iberdrola, has been scuttled.
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PublishedOctober 29, 2023
Opponents of public utility takeover far outspend supporters as Election Day nears
The owners of Maine's largest power companies have spent more than $37 million to defeat Question 3, while the leading supporter of a public utility takeover has spent just over $1 million.
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PublishedOctober 18, 2023
Foreign ownership in CMP parent clouds 2 ballot measures
A foreign government's ownership stake in a utility is complicated, and some experts say it doesn't matter anyway because ownership of a regulated utility doesn't translate into governance.
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PublishedAugust 7, 2023
Letter to the editor: Pine Tree Power beats alternative
CMP has the most and longest outages, the worst customer service, and among the highest rates in the country.
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PublishedJuly 13, 2023
Much debated hydropower transmission corridor to be renegotiated because of cost increases
Maine lifted its stop-work order nearly 2 months ago but construction has not yet resumed on the project.
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