If regulators approve the multi-million dollar deal, it would leave Maine with 2 natural gas providers: Unitil and Summit Natural Gas.
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Posted inBusiness, Maine, News
Trump tariffs may roil Maine energy prices and lobster, lumber markets
Canada, which is Maine’s largest trading partner, could be particularly hard hit by a 25% universal tariff, as suggested by the president.
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Posted inBusiness, Maine, News
Maine OKs Unitil’s $72M acquisition of Bangor Natural Gas
Regulators approved the deal with a requirement that the company report greenhouse gases it discharges and not increase rates before 2027.
Posted inBusiness, News
More than 125 miles of aging gas lines replaced in southern Maine
Over 14 years, Unitil Corp. installed high-density plastic pipe and made other upgrades that have cut gas leaks and methane escaping into the air.
Posted inBusiness, News
CMP customers will pay slightly less for electricity next year. It might not last.
Natural gas prices that play a big role in electricity generation in New England have settled, giving ratepayers a modest break in their monthly bills.
Posted inBusiness, Maine, News
Gas pipeline operators’ push for higher rates could spark increase in electricity costs
Besides delivering gas to homes, the pipelines also supply power plants that generate electricity, meaning the requests before the Federal Energy Regulatory Commission will have a ripple effect on the cost of electricity.
Posted inBusiness, Maine, News
Unitil to pay $71 million for Bangor-area natural gas company
The deal, which requires approval from state regulators, would give Maine’s biggest natural gas provider 8,500 more customers and 351 more miles of pipeline.
Posted inBusiness, Maine, News, Politics
Compromise calls for studying natural gas use in Maine, rather than restricting it
Legislation that calls for studies of natural gas use passed the House, but it was criticized by a Democrat as ‘watered down’ and a Republican who said it’s unnecessary.
Posted inMaine, Politics
Maine lawmakers opt to study natural gas use, regulations instead of limiting pipeline expansion
A legislative committee approved a compromise to study natural gas use after a proposal to curtail the fossil fuel drew fierce opposition from the industry and business allies.
Posted inBusiness, Maine, Politics
Gas industry, environmentalists, consumer advocates negotiate study on future of natural gas in Maine
Numerous stakeholders are negotiating what a study would look like as legislation proposes to scale back Maine’s natural gas network.