Half of that will come from the United States – ‘to send a strong message to oil markets’ that supplies won’t fall short after the Russian invasion of Ukraine.
energy
Posted inBusiness, Nation & World
Germany suspends Nord Stream 2, an important Russian gas pipeline
Chancellor Olaf Scholz says the move was necessary to send a message that Moscow’s actions ‘won’t remain without consequences.’
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Posted inBusiness, Local & State
In a cold winter, Maine household budgets buckle under growing energy burden
Skyrocketing prices for electricity, heating oil and gasoline are hitting Mainers especially hard when the mercury falls.
Posted inBusiness, Local & State
State utility regulators order investigation into CMP’s management
The PUC will look into how CMP parent Avangrid’s desire for profit might have affected operations in Maine, but it also will discontinue a financial penalty imposed on the utility.
Posted inBusiness, Local & State, News
Regulators approve $90 electric bill credit for low-income Mainers
The one-time credit is expected to be applied automatically to about 90,000 customers’ accounts by March 30.
Posted inBusiness, Local & State
NECEC lays out legal argument against power line ban in newly filed legal briefs
The developers of the 145-mile transmission line are appealing a lower court’s ruling to the state supreme court, saying it is unconstitutionally retroactive.
Posted inBusiness, Local & State
As energy costs rise, Maine lawmakers consider new plan to ease ratepayers’ pain
A bill under review in the Legislature would pursue a holistic, long-term approach to lowering costs for Maine energy consumers.
Posted inBusiness, Local & State, News
Gov. Mills proposes electric bill credit for 90,000 low-income Mainers
The one-time, $90-per-customer credit, to be issued by the end of March, would help offset higher electricity rates.
Posted inBusiness, Local & State
Three months after referendum, NECEC battles for survival amid legal challenges
Opponents are trying to kill the NECEC project for good in 2022, with key legal battles pending over the next few months.
Posted inBusiness, Local & State
Gov. Mills preparing utility accountability bill, with threat of consumer-owned option
The proposal could emerge as a competing alternative to the push for a statewide consumer-owned utility in Maine to replace CMP and Versant.