A decade since the company came to the state, enthusiasm for the energy provider has been dampened by high costs and slow service expansion.
energy
Posted inBusiness, Nation & World
Judge revives Obama-era ban on coal sales from federal lands
Few leases have been sold in recent years as coal demand shrank drastically.
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Posted inEditorials, Opinion
Another View: New budget deal would be a big win for Congress and the country
From carbon emissions and drug prices to a new minimum corporation tax, the Inflation Reduction Act is ambitious in its scope.
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 inTimes Record
State law sparks energy savings in Brunswick and Topsham
Nearly 8,000 Central Maine Power customers can expect $8.5 million in savings thanks to ‘nonwire’ upgrades required by a 2019 law.
Posted inBusiness, Maine
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, Maine
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, Maine
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.