News
Category:
Impact on Economy and Maine
Browse in :
All
> Topics
> Impact on Economy
(272)
All > Location > USA > Maine (348)
Any of these categories
All > Location > USA > Maine (348)
Any of these categories
County commissioners unveiled a draft agreement Thursday for a tax-increment financing district that could bring the county up to $4 million over 20 years to use for economic development in unorganized territories. ...But Carrabassett Valley Town Manager Dave Cota said the draft agreement would shift more of the county tax burden to organized towns and let the company get away with not paying its fair share of taxes.
Mitchell said the purpose was to reach a balanced agreement that would benefit all of the county directly and indirectly.
The TIF would capture 75 percent of the new tax revenue for the first 10 years and 50 percent for the latter 10, with the county keeping 40 percent and TransCanada getting 60 percent. The remaining tax revenue gained would go into the state's unorganized territory fund.
Also filed under [
Tax Breaks & Subsidies]
A portion of the wind energy generated from newly installed wind turbines located in PEI was wheeled through PEI and New Brunswick and sold to the New England Power Pool (NEPOOL) via the international interconnection node in Keswick, N.B. The renewable energy certificates (RECs) that were generated from this transmission were sold separately to independent buyers located in the NEPOOL.
Also filed under [
General|
Connecticut|
Massachusetts|
New Hampshire|
Rhode Island|
Vermont|
Canada]
"Our analysis finds that there are no insurmountable legal, economic or technical barriers to withdrawing from ISO-NE," he said. "Viable alternatives to ISO-NE now exist, such as the formation of a Maine independent transmission company or the creation of a Maine-Canadian Maritimes market."
Adams said the MPUC continues to study both options and will make its recommendations in a final report to the Legislature in January 2008. The preliminary report indicates that the final report will focus on "opportunities" with Canada's Maritime provinces.
Also filed under [
Energy Policy|
Canada]
New England’s largest wind farm is whipping up dissent
February 21, 2007 by Paul Lefebvre in The Barton Chronicle
February 21, 2007 by Paul Lefebvre in The Barton Chronicle
MARS HILL, Maine — Something has turned terribly sour for about 18 homeowners who live along the mountain roads where the state’s first and only wind farm has recently gone on line. To a man and to a woman, they feel betrayed, cheated, used, ignored, and dismissed. Put them in a room and they are spitting mad. Collectively, as they gather on a Saturday morning inside a home that sits in the shadow of the turbines, their anger is barely palatable. Since the turbines started up, they say, silence has become a luxury.
Mars Hill tries to get used to new windmills
January 27, 2007 by Glenn Adams, Associated Press in The Boston Globe
January 27, 2007 by Glenn Adams, Associated Press in The Boston Globe
It seems few in this town of about 1,500 people can agree on UPC Wind Management’s newly completed $85 million project, which makes the unassuming potato-growing and truck-brokerage community home to New England’s largest wind farm.
But there’s one thing everybody can agree on: The place sure looks different.
Long before a visitor arrives at Mars Hill, the towers become visible along what used to be just another mountain. The total height from the ground to the tip of the blade is 389 feet. Each tower has three blades, which spin in winds whipping west to east toward Canada just a few miles away.
New line cost could hit Maine
December 10, 2006 by Alan Crowell, Staff Writer in Kennebec Journal & Morning Sentinel
December 10, 2006 by Alan Crowell, Staff Writer in Kennebec Journal & Morning Sentinel
A federal law designed to ease electricity transmission bottlenecks and improve power reliability could hit Maine ratepayers in the pocketbooks, twice.
The measure could force the construction of transmission lines to move Maine’s surplus power south. Not only could the loss of the surplus increase the price of electricity in the state, but Maine consumers would also have to pay part of the cost of building the lines.