Abraham Silverman News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Utility industry news and analysis for energy professionals.

A big chunk of the clean-energy industry’s woes are macroeconomic. Some of the worst-hit companies started big, expensive projects before pandemic supply-chain bottlenecks helped send the cost of materials such as steel soaring, and interest-rate increases made financing more expensive. In the U.S., dozens of renewable-power developers have increased prices they are charging for electricity and rewritten contracts to try to recoup costs. 

The shift away from oil and gas looks increasingly more expensive and further out.

Question 3 proposes replacing Maine’s two investor-owned utility companies — Central Maine Power and Versant Power — with a new company called Pine Tree Power.Pine Tree Power would be run by a 13-member board, staff to support them, and a private third-party operator they would hire to manage the day-to-day operations of the grid.

In my (admittedly short) career as a journalist, I have never had as many conversations about a single topic as I have on Question 3 , the referendum on this year’s ballot asking Mainers whether they want to replace Maine’s two investor-owned...