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.
NECEC
Posted inBusiness, Maine, News
Construction proceeds on controversial power corridor through western Maine
About 41% of foundations for the setting of poles on the NECEC corridor have been completed, 31% of poles have been set and 34% of circuit wires are done, the developer said.
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Posted inLewiston-Auburn, News
NECEC corridor work restarting at Lewiston converter station
Work on the Lewiston converter station, considered a major piece of the project, is expected to resume Thursday.
Posted inBusiness, Maine, News
Work on NECEC transmission line may begin again soon
The Department of Environmental Protection has lifted a stop-work order on the stalled power line project, which is backed by Central Maine Power affiliates.
Posted inAndroscoggin County, Business, Lewiston-Auburn, Maine
Powerline verdict to bring significant tax relief to Lewiston
Property tax revenue from CMP’s converter station project is projected at $7 million a year, allowing the city to lower its tax rate.
Posted inBusiness, News
Work can resume on CMP power-line project, jury rules
Construction of the 145-mile line through western Maine has been stalled since a 2021 voter referendum that opposed the $1 billion project.
Posted inBusiness, Maine, News
Future of CMP power line corridor now rests in jury’s hands
Closing arguments in a civil trial focused on whether developers of the stalled 145-mile line sped up construction simply to gain legal rights to continue building.
Posted inBusiness, Maine, News
Defense rests on day 6 of trial over fate of CMP corridor
Jurors heard more conflicting accounts of why construction work sped up on the electricity line, which is supported by Central Maine Power and would extend 145 miles through western parts of the state.
Posted inBusiness, Maine, New England, News
On day 4 of CMP corridor trial, jurors hear details of project timing
A civil trial could determine the fate of the stalled New England Clean Energy Connect power line project, and Thursday’s testimony focused on tasks such as clearing trees and installing poles.
Posted inBusiness, Maine, New England, News
On third day, CMP corridor trial zeroes in on construction timing
The fate of the New England Clean Energy Connect project could hinge on when work began along the 145-mile corridor through western Maine – and why.