Author Bio
Rekha Khandelwal, CFA, is a long-term investor with a special focus on energy stocks. Rekha holds a master s in finance and has worked as a financial consultant. When she isn t writing, she can be found traveling to a new city or country.
If you are looking to buy and hold stocks for the long term, you have a few choices. You can invest in growth stocks that usually grow their sales or earnings faster than the average rates. Though such stocks generally trade at premium valuations, they can generate market-beating returns over the long haul due to their high growth and promising prospects.
The Maine Department of Marine Resources will withdraw an amendment to its Kennebec River Management Plan that suggests removing four dams from the Kennebec River between Waterville and Skowhegan. We are suspending the current proposed rule making, DMR spokesman Jeff Nichols said Friday. We’re doing this after reviewing comments on the proposed rule and conducting a review of DMR’s authority to undertake fisheries management plans.
The department will take the time necessary to determine the best path forward for the adoption of a new management plan that establishes an appropriate long-term vision for this river’s fishery resources, Nichols told Mainebiz.
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Marine Resources commissioner says agency is pulling proposed amendment to Kennebec River Management Plan
The agency will start again to create a fisheries management plan that will likely take into consideration the information it received from more than 1,100 comments, the most it has ever seen.
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The 170-mile long Kennebec River starts at Moosehead Lake and flows to the Atlantic Ocean. The Maine Department of Marine Resources is taking a step back from its amendment to the river plan that calls for the possible removal of four dams owned by a Canadian company, including the Lockwood Dam in the foreground and the Hydro Kennebec Dam in the distance.
Image source: Getty Images
2021 has been a year to forget for growth stocks. Many investors have decided to switch out of the high-flying winners from last year and into value stocks. While it’s uncertain how long this dip in growth will last, some dividend investors have been seeing their portfolios at all-time highs. In this article, I will discuss three dividend stocks that have outperformed growth stocks over the past month or year to date. Adding these companies to your portfolio could provide much-needed diversification.
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Replace Kennebec dams with solar panels
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After taking a walk in Winslow behind the old Scott paper mill, which is proximate to the Brookfield Renewable operated dams, I quickly realized that if solar panels were placed on or above the roofing of these old buildings, this would likely be an efficient, clean and cheap energy source. It is likely that solar panels covering this acreage would generate more energy output than what is currently generated by all four central Maine Kennebec River dams.
Saving these old dams because they were the optimal way to generate electricity 100 years ago for industry and communities along the Kennebec River does not make sense today when there are cheap, clean and efficient alternative energy sources. Nor do saving these old dams make sense when it comes at the expense of making extinct aquatic life including salmon that have spawned in the Kennebec River and its tributaries for thousands and thousands of years.