Business and Economy

Business news

Robert F. Bukaty / AP File

Gov. Janet Mills has signed an order shifting up to $270 million in federal CARES act money to bolster the state unemployment trust fund. The move assures that benefits paid through the state unemployment system will continue without having to borrow from the federal government.

Robert F. Bukaty / Associated Press

After soaring in April to 10.4%, Maine’s unemployment rate retreated last month to 9.3%. The Maine Department of Labor reported Friday that private sector employers added 18,400 jobs, as pandemic restrictions on business began to ease, allowing some business activity to resume.

BATH, Maine - The largest union at Navy shipbuilder Bath Iron Works begins voting Friday on a contract proposal that was unanimously rejected by its negotiating committee. That raises the possibility of the first strike in 20 years.

Robert F. Bukaty / AP Images

For more than a week, Maine, New Hampshire and Vermont have been encouraging travel around northern New England as a step toward reviving their tourism-dependent economies that have been suppressed by the pandemic. But where exactly you hail from can make a big difference in your ability to move about freely.

Electricity Maine has agreed to pay up to $14 million in damages to customers who claim the electricity supply company charged Maine ratepayers at least $35 million more than they would have paid if they had taken the ‘standard offer’ from Central Maine Power or Emera Maine.

Robert F. Bukaty / AP Images

Some businesses in southern Maine say they are seeing strong demand as they reopen after being closed for months because of COVID-19.

Courtesy Photo

When the coronavirus hit Maine, it was just before prime wedding season. Weddings and related tourism contribute nearly a billion dollars to the state economy, but wedding business this season has largely evaporated as many couples have either canceled or postponed their plans.

A Senate committee on Tuesday focused on the plight of the energy conservation and renewables workforce, which has declined by more than 17 percent during the pandemic. U.S. Sen. Angus King of Maine, who serves on the Senate Energy and Natural Resources Committee, says he’s very worried about the potential long-term effects.

Fred Bever / Maine Public

Secretary of State Matthew Dunlap says a ballot measure that backers hope would kill Central Maine Power’s proposed power line through the state’s western woods may well be unconstitutional. But he also says it should stay on the ballot.

Rebecca Conley / Maine Public

A broad coalition of hospitality, tourism and retail groups in Maine is calling for the state to spend an ambitious $800 million to prop up the teetering industry.

CMP Will Offer Credits For Service Shortcomings To Restore Customer Trust

Jun 11, 2020
Lori Valigra / BDN

This story will be updated.

In an effort to restore customer trust, Central Maine Power Co. said Thursday that it will offer a $25 credit for any bill that is late or inaccurate.

Robbie Feinberg / Maine Public

Hundreds of workers rallied outside of Bath Iron Works (BIW) Wednesday morning as the shipyard and its largest union continue to negotiate a new contract.

Serra Public Affairs

Opponents of Central Maine Power's proposed powerline through the state's western woods are lining up to formally challenge the Department of Environmental Protection's (DEP) recent permit for the project.

Maine Sen. Susan Collins has introduced legislation that would allow critical access hospitals in bankruptcy proceedings to receive loans under the federal Paycheck Protection Program.

Robert F. Bukaty / Associated Press

Owners of some Maine lodging facilities say they're encouraged by the state's new alternatives to its 14-day quarantine rule for the tourist season. But they say enforcing the protocols could be confusing and cumbersome.