AUGUSTA — A measure to prevent multinational corporations from evading Maine taxes by hiding profits in offshore tax havens won initial approval in the state’s Democratic-controlled House of Representatives on Thursday on an 81-67, party-line vote. The bill, LD 341, sponsored by state Rep. Ryan Tipping-Spitz, D-Orono, requires Maine companies to report any income from […]
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Posted inMaine
Maine Legislature’s energy docket set for full slate in 2014
AUGUSTA — The cost of energy in Maine, its production and transmission, as well as whether the mix of renewable sources is balanced, will continue to be debated at the State House in 2014. Lawmakers on the Legislature’s Energy, Utilities and Technology Committee have spent their past few meetings honing up as they prepare to […]
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Posted inBusiness, Maine, sj-web
With Statoil’s exit, wind industry looks to UMaine
AUGUSTA (AP) — Norwegian company Statoil’s decision to abandon its $120 million offshore wind power project in Maine is a setback, renewable energy advocates say, but they still hope a strong offshore wind industry can be built in the state. Statoil announced this month that changes in terms with the state and scheduling delays have […]
Posted inBusiness, Maine, sj-web
LePage energy chief defends efforts to reopen offshore wind bids
AUGUSTA — Gov. Paul LePage’s top energy advisor Tuesday defended efforts the governor made to restart a bid process for an offshore wind power project along Maine’s coast. Patrick Woodcock, the director of LePage’s Energy Office, said efforts it made to allow the University of Maine to bid on the project before the Maine Public […]
Posted inMaine, sj-web
LePage team worked against wind project
AUGUSTA (AP) — Before its public push to have Maine reconsider wind energy proposals, Gov. Paul LePage’s administration worked behind the scenes to explicitly derail Norwegian company Statoil’s multimillion-dollar agreement with the state for an offshore wind project, according to documents obtained by The Associated Press. The first public word that the administration was trying […]
Posted inNation / World, sj-web
Noise from air guns could be opening shots in war over offshore drilling
WASHINGTON — The use of “seismic air guns” to determine how much oil and gas lies beneath a vast swath of the ocean floor off the southeast coast of the United States is provoking an early skirmish in a battle over oil drilling that is still years away. The devices, towed behind vessels that trace […]
Posted inBusiness, Maine, sj-web
UMaine extends wind turbine testing in Castine, prepares bid for wind farm subsidy
CASTINE — As the University of Maine prepares its bid for a long-term contract for an offshore wind energy farm, the school announced that it will extend its test deployment of its floating wind turbine will stay in Castine Harbor to a year. Elizabeth Viselli, manager for offshore wind programs and spokeswoman for the university’s […]
Posted inBusiness, Maine, sj-web
Maine’s involvement in global offshore wind threatened by legislative actions, say industry watchers
PORTLAND — Statoil North America on Wednesday said it was putting its offshore wind energy project on hold because of “the risk and uncertainty” created last week when the Legislature, at Gov. Paul LePage’s behest, made changes that will delay and potentially threaten state approval for the project. The Norwegian company informed the Maine Public […]