Comments for: Attorney for energy company says no deal on electricity sales until East Millinocket mill restarts

Posted March 05, 2014, at 5:59 p.m.
Last modified March 06, 2014, at 12 p.m.

AUGUSTA | The owner of three hydropower dams on the Penobscot River is willing to negotiate a profit-sharing agreement with the owner of the idled East Millinocket paper mill, but not until the mill restarts, its attorney said Wednesday. Opposing a bill that would allow Great Northern Paper Co. …

CORRECTION:

An earlier version of this story requires correction. Brascan, not Brookfield, bought the East Millinocket and Millinocket paper mills in 2003, not 2001, and then sold them to Cate Street in 2011. Cate Street has since 2012 received more than $142 million, not $225 million, in tax breaks and state loan guarantees for its East Millinocket mill, its Millinocket industrial park and its plans to launch torrefied wood production facilities.

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