Conservation groups and feds appeal decision halting seasonal lobstering ban
The injunction was ordered after lobstermen claimed the government used flawed risk assessments.
Coronavirus’ impact on Maine’s economy
NATIONAL BUSINESS
Century-old Maine fuel company’s sale follows trend of private equity interest in oil
Redwood Capital Investments’ purchase of Dead River, which claims to be the largest heating service provider in northern New England, could bring it a premium.
September home sales in Maine declined as prices continued sharp rise
Home sales continued a three-month downward trend throughout Maine, while sale prices rose almost 17 percent since September 2020.
A new clothing and gift shop is the latest business to open in downtown Brewer
Bailey Jankowski’s Maine Lifestyle Co. store sells apparel, gifts and locally-crafted offerings.
CMP could have trouble rerouting corridor if Maine pulls approvals
Suspension of the project’s license for at least nine months would make it impossible for CMP to meet its December 2023 target date to complete the project, said Thorn Dickinson, CEO and president of NECEC Transmission LLC.
Maine rolls out $20M more in grants to struggling small businesses
The program is part of the state’s plan to spend nearly $1 billion in direct aid under the $1.9 trillion American Rescue Plan Act passed by Congress in the spring.
Federal judge blocks partial closure of lobstering waters off the Maine coast
U.S. District Court judge Lance Walker said the rules set to go into effect Monday would cause ‘certain economic harms.’
Lobstermen fear new gear rules kicking in Monday are the 1st step in killing the industry
Many lobstermen fear this effort to save right whales will be the beginning of the end of a way of life.
David Flanagan, CMP executive known for reviving businesses, dies at 74
As CEO at Central Maine Power Co. from 1994 to 2000, he is known for restoring power during the 1998 ice storm, closing the Maine Yankee Nuclear Power Plant and keeping rate increases below the rate of inflation.
US unemployment claims fall to lowest level since pandemic
Unemployment claims dropped 36,000 to 293,000 last week, the second straight drop, the Labor Department said Thursday.
75 percent of trees cleared along CMP corridor
Construction has continued apace for the past nine months, even as the corridor faces a referendum vote next month.
Rising inflation matches 13-year high
U.S. consumer prices rose 0.4 percent in September from August as the costs of new cars, food, gas and restaurant meals all jumped.
Maine supreme court backs utility disconnection notices
The Maine Public Utilities Commission’s request to dismiss the complaint to reinstate the moratorium was upheld Tuesday by the justices.
Heating costs could double this winter due to inflation
The sharpest increases are likely for homes that use propane, which account for only 5 percent of U.S. households, but others are also likely to see big increases.
Inflation rises to a nearly 13-year high
COVID-19 has shut down factories in Asia and slowed U.S. port operations, leaving consumers and businesses paying more for goods that don’t arrive for months.
Maine is spending rent relief money faster than most states. It might not be enough.
Maine received $200 million as part of a December 2020 congressional stimulus package to help states set up emergency rental assistance programs during the COVID-19 pandemic.
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