That’s bad news for the cost of electricity in Maine, where experts said the state should hasten energy project permitting and transmission interconnection to keep prices down long-term.
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Posted inBusiness, Local & State, News
Maine leaders pitch solutions to enhance grid as temperatures drop and electricity prices soar
Natural gas prices spiked to their highest level ever in New England in January, driving up the cost of electricity. Experts said the state should hasten energy project permitting and transmission interconnection to bring electricity prices down long-term.
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Posted inBusiness, Local & State
Maine electricity supply cost may rise in addition to rate increase sought by CMP
The supply cost hike is tied largely to wholesale natural gas prices that are on track to keep rising in 2026, in part because more gas will be shipped overseas.
Posted inBusiness, Local & State, News
Unitil wants to buy one of Maine’s only other gas utilities
If regulators approve the multi-million dollar deal, it would leave Maine with 2 natural gas providers: Unitil and Summit Natural Gas.
Posted inBusiness, Local & State, 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.
Posted inBusiness, Local & State, 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, Local & State, 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.
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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.