CMP proposes to spend $29 million over the next two years to harden its distribution system. Regulators will have to weigh the costs against public demand for always-on electricity in the digital age.
Maine business
Maine credit union for food producers receives federal charter
Unity-based Maine Harvest Federal Credit Union will offer business loans to small farms, farmers and other food producers.
Maine home sales flat, prices up slightly in July
The median sale price of existing single-family homes in Maine increased by about 2 percent compared with a year earlier.
Director of Bicycle Coalition of Maine is stepping down
John Williams says he needs to pay more attention to his recovery from cardiac surgery this spring.
Environmentalists weigh in on right whale rules for lobster industry
Lobstermen packed meetings in midcoast and eastern Maine, but environmentalists took their turn defending the endangered species in South Portland on Thursday night.
Wex makes Fortune’s list of fastest-growing public companies
The Portland-based payment-processing technology firm ranked No. 72 on the top 100 list.
Maine will use $3 million from VW settlement to fund fuel-efficient vehicles
Schools, local government and businesses can replace old diesel engines, using money from a settlement over charges that the car company tried to cheat on emissions tests.
Judge orders company sued in lobster embezzlement scheme to pay $4.5 million
The company never answered allegations that it was part of an operation to embezzle lobsters from a restaurant and lobster wholesaler in Saco.
Maine paper industry gets a boost, with Jay mill in line for investment of millions
Verso Corp. plans to add products and increase production at its Androscoggin Mill in Jay, where about 500 people work.
Mortgage servicer to pay attorney fees, fines for Maine foreclosures
Homeowners were foreclosed upon by a Florida-based loan servicer, Ocwen Loan Servicing, on behalf of a lending company that no longer existed.