Posts tagged with
biomass bailout

Maine Governor Will Oppose Borrowing Aimed At Helping Biomass Industry

Governor Paul LePage told lawmakers he opposes a pair of bills that would have taxpayers fund a $45 million subsidy to help Maine’s floundering biomass industry. In a rare appearance before the Legislature’s budget-writing Appropriations Committee, LePage said the Legislature should focus instead on ways of creating industries that bring greater value from the state’s […]

Debate Brews Over Maine Biomass Bailout

Maine taxpayers’ support of wood-to-energy facilities around the state has been called both a waste and a lifeline to rural forest economies. With one notable exception, there’s general agreement that Maine lawmakers’ latest support for biomass energy is a subsidy. A report in April panned that latest government support and past efforts for policymakers to […]

Maine’s Biomass Bailout Will Mean Jobs, But At A Cost

To keep their share of a $13.4 million bailout over the next two years, two Maine biomass plant operators have promised to keep 87 people employed, according to agreement details disclosed for the first time this week. The bailout, which was sought by the logging industry after several paper mill and biomass plant closures, also […]

Maine $13 Million Biomass Bailout To Restart Biomass Plants

Maine regulators on Tuesday approved splitting $13.4 million in subsidies across four biomass facilities, including two shuttered by Covanta in Penobscot and Washington counties. The Maine Public Utilities Commission voted unanimously to accept bids from Stored Solar, a subsidiary of the French energy firm Capergy that bought the Covanta plants, and ReEnergy Holdings. Stored Solar […]

Maine Biomass Bailout Would Tap $13.4 Million In Public Funds

Lawmakers’ effort to bail out Maine’s six remaining biomass energy plants has shifted from a rescue subsidized by Maine electricity ratepayers to one subsidized by Maine taxpayers. After a series of private negotiations, the Legislature’s Energy and Utilities Committee voted 10-2 late Thursday to allow the Public Utilities Commission to enter a two-year contract with […]

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