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Energy & Utilities

  • CMP touts $950M bid as best deal among clean energy bidders

    James McCarthy December 7, 2017

    Central Maine Power revealed Wednesday its previously undisclosed bid price for delivering 1,200 megawatts of clean energy to Massachusetts, stating the $950 million New England Clean Energy Connect project would save Bay State ratepayers more than

    James McCarthy December 7, 2017

  • PUC delays change in solar net metering policy until April

    Maureen Milliken December 6, 2017

    The solar power net metering rule that would change how users are compensated will not go into effect until the end of April, the Maine Public Utilities Commission decided on Tuesday.

    Maureen Milliken December 6, 2017

  • Stored Solar seeks 'co-hosts' on its Jonesboro site

    November 29, 2017

    Stored Solar LLC is seeking other businesses, or "co-hosts," to locate on its 140‑acre property at its Jonesboro biomass energy plant.

    November 29, 2017

  • CMP President and CEO Sara Burns to retire by year's end

    Staff November 15, 2017

    Central Maine Power Co., an indirect subsidiary of AVANGRID Inc. (NYSE: AGR), announced today that President and CEO Sara J. Burns will retire at the end of 2017.

    Staff November 15, 2017

  • Connecticut Water's 2018 spending plan includes funding for key Maine projects

    Staff November 13, 2017

    Connecticut Water Service Inc. (Nasdaq: CTWS), parent company of Maine Water, announced Friday an overall $66.2 million capital spending plan for 2018 for its regulated public water and wastewater utilities.

    Staff November 13, 2017

  • PUC sets standard offer electricity rates for CMP, Emera Maine

    Staff November 9, 2017

    The Maine Public Utilities Commission this week set new prices for standard offer electricity provided by Central Maine Power and Emera Maine/Bangor Hydro District to customers receiving that service.

    Staff November 9, 2017

  • CMP has a month to submit preliminary storm costs to state regulators

    November 7, 2017

    With approximately 3,000 customers still without power — out of 404,000 reported at the peak of last week's storm — Central Maine Power is beginning to tally the cost of having more than 3,000 line workers and tree-removal crews working 24/7 to

    November 7, 2017

  • Fox Islands Electric Cooperative receives $1.58M loan

    Staff November 6, 2017

    The U.S Department of Agriculture awarded a $1.58 million loan to Fox Islands Electric Cooperative through USDA Rural Development's Electric Program to support the communities on Vinalhaven and North Haven.

    Staff November 6, 2017

  • CMP outage tally drops below 67K, storm recovery workforce exceeds 3,000

    Staff November 3, 2017

    More power restoration crews poured into Maine Thursday as Central Maine Power Co. reported that recovery efforts from the Oct. 29-30 wind and rain storm have reduced the number of customers without power from a peak of more than 400,000 at mid-day

    Staff November 3, 2017

  • ReVision Energy joins ranks of Maine companies owned by employees

    Staff November 2, 2017

    ReVision Energy, a regional solar company that has five offices in Maine, New Hampshire and Massachusetts, has converted to 100% ownership by employees through an ESOP Trust.

    Staff November 2, 2017

  • Storm recovery update: Job about half done for CMP, Emera Maine doing slightly better

    Staff November 1, 2017

    From a peak of almost 500,000 Mainers being without power following the Oct. 30 storm, Maine's two utilities are reporting they're about half done with restoration efforts, but acknowledge that full restoration of power to all of their customers

    Staff November 1, 2017

  • 450,000 Mainers without power in worst outages since '98 ice storm

    Staff October 30, 2017

    More than 450,000 Mainers are without power Monday morning due to a storm accompanied by gusts of more than 60 mph and heavy rain that prompted flash flood warnings for some parts of the state.

    Staff October 30, 2017

  • CMP ready to flow: New England Clean Energy Connect bid includes 1,000 MW of power from Hydro-Quebec

    James McCarthy October 30, 2017

    For the second time in as many years, southern New England's ambitious renewable energy goals are driving a slew of proposals from wind, solar and hydropower projects — many of them with ties to Maine.

    James McCarthy October 30, 2017

  • Fiberight $69M plant construction on track for April opening

    October 24, 2017

    Fiberight LLC's $69 million, 144,000-square-foot waste-to-energy plant in Hampden will move forward this week with the arrival of the steel framework.

    October 24, 2017

  • St. George residents oppose Monhegan wind project cable

    October 17, 2017

    An organization calling itself “Preserve Our Remarkable Town” has collected more than 300 signatures from residents of St. George for a petition opposing the Maine Aqua Ventus pilot offshore wind project slated for development off Monhegan Island.

    October 17, 2017

  • Potential investor withdraws $5M loan offer to biomass company

    October 16, 2017

    Boston-based Arctaris Royalty Ventures Co-Investment LP withdrew its offer to to loan $5 million to Stored Solar LLC, owner of biomass power plants in West Enfield and Jonesboro. Most of the proposed loan was to have been backed by Finance Authority

    October 16, 2017

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Today's Poll

Does cruise ship season help your business?
Poll Description

Sponsored by Kennebunk Savings Bank

Maine's cruise ship season is in full swing, running from late September through early November. Thousands of passengers are expected to visit Portland, Bar Harbor, Eastport or Rockland.

This week alone, Portland is set to welcome around 16,000 cruise ship passengers.

But as the season ramps up, it's bringing mixed reviews. Some locals brace for the crowds and many business owners say cruise ship visitors don't spend much while in the port. Other business owners argue that, even if cruise ships don't benefit their own coffers, they still benefit the overall economy.

When we asked this question in 2023, Mainebiz respondents, 21% said the visits bring customers and revenue, while only 18% said the visits don't help their business.

More than half of the respondents, 53%, said cruise ships benefit the overall economy, 

More Information