City Assessor William Healey said the city will receive an estimated $8.5 million in taxes annually when the project is complete. The city received $5 million in taxes in fiscal 2024.
central maine power
Posted inBusiness, Maine, News
Maine to study whether creating local electric grid operator could cut costs, improve reliability
The first-in-the-nation proposal could shift control over some aspects of Maine’s power system from the nonprofit that oversees transmission lines and power plants across New England.
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Posted inBusiness, Lewiston-Auburn, News
Photos: Massive CMP corridor switching station coming together
The project that was shut down for nearly 2 years is coming together after it resumed last August.
Posted inBusiness, Maine, News
CMP electricity rates are going up. Here’s what’s driving it.
The costs of restoring power after storms and funding state renewable energy policies are the biggest factors increasing Central Maine Power Co. bills.
Posted inAdvertiser Democrat
Paris moves forward with solar project on former town dump
Paddle Energy will now ask CMP to conduct a study to determine what energy infrastructure upgrades, if any, are necessary to move forward with a solar project on a 37.1-acre capped landfill site on Kilgore Road.
Posted inBusiness, Maine, News
CMP bills to rise at least $10 a month; destructive storms blamed
State regulators approve the increase to cover the $220 million cost of restoring power after recent storms, and promise a proceeding in the ‘near future’ to consider how to balance storm response with affordability.
Posted inBusiness, Maine
CMP agrees to small cut in storm reimbursement request after criticism over unjustified spending
Maine’s largest utility also agreed to improve how it documents its preparation for storms and recovery afterward to better justify reimbursement from ratepayers.
Posted inMaine, News
Monster truck at show in Topsham takes out utility wires during jump, sending patrons scattering
Two people were taken to the hospital, and several others were treated at the scene for minor injuries, police said.
Posted inBusiness, Maine, News
CMP, Maine near settlement over complaint utility overspent on power restoration
Central Maine Power Co. and the state’s public advocate are nearing agreement on how much the utility can charge ratepayers for storm recovery costs.
Posted inMaine
Persistent ospreys rebuild on Bath utility pole after eviction by CMP
A persistent pair of ospreys have created a new, if unimpressive, nest atop a utility pole along Route 1 in Bath, despite Central Maine Power’s efforts to get the birds to relocate.