energy
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PublishedJuly 29, 2022
Oil companies see unprecedented profits as consumer prices soared
On Friday, Exxon Mobil booked an unprecedented $17.85 billion profit for the second quarter and Chevron made a record $11.62 billion.
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PublishedJuly 25, 2022
Russia’s Gazprom to cut gas flow to Europe to 20% of capacity
Concerns are rising about a possible recession if Europe does not save enough gas and rationing is required to get through the cold months.
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PublishedJuly 11, 2022
‘We’re in trouble’: Electric rates in Texas have surged over 70% as summer kicks in
This month, the average residential rate listed on the site was 18.48 cents per kilowatt hour. That’s up from 10.5 cents in June 2021.
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PublishedJuly 6, 2022
State law sparks energy savings in Brunswick and Topsham
Nearly 8,000 Central Maine Power customers can expect $8.5 million in savings thanks to 'nonwire' upgrades required by a 2019 law.
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PublishedJune 19, 2022
New England fuel dealers plot their future in a rapidly electrifying world
As more mandates and incentives are rolled out to fight climate change, a strategy emerges to cast doubt on electrification while talking up renewable liquid fuels.
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PublishedJune 15, 2022
Maine approves $63 million CMP power line upgrade over residents’ objections
Hundreds opposed the upgrade as benefiting a planned land-based salmon farm to be built in Belfast by Nordic Aquafarms, but regulators noted ongoing problems with the aging line.
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PublishedJune 14, 2022
Average CMP bill to decrease almost 3% for home customers starting in July
State utility regulators estimate the average residential customer bill will decrease by $3.40 a month, or 2.7 percent of the total bill.
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PublishedJune 8, 2022
Request for offshore wind power contract raises Maine ratepayer concerns
The proposed contract's likely impact on Maine electricity customers is being shielded from public view, for now.
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PublishedJune 6, 2022
Average gas price in Maine nears $5 a gallon
'I want them to install crying towels here,' said one gas station customer, with per-gallon prices up nearly $2 from a year ago and likely to continue climbing.
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PublishedMay 26, 2022
CMP to seek 3-year rate hike that would raise average bill by $10
Gov. Janet Mills staunchly opposes the utility's plan for reliability and grid upgrades, saying, 'I will fight this.'
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