FairPoint merger plan includes $52.2 million in Maine investment

FairPoint Communications’ new owner has agreed to invest $52.2 million in its networks and facilities in Maine if regulators approve a merger between the company that serves northern New England and its potential new owner, Illinois-based Consolidated Communications. The stipulation leaves open questions of how Consolidated plans to find $55 million in annual savings through “synergies” but lays out a three-year investment plan sought by the Office of the Public Advocate and unions.

Source:  BDN Maine

‘Groups Say Billions Needed To Jumpstart Stalled Wind Energy Development In Maine’

“There doesn’t seem to be as wide an appetite for some of these new wind farms in northern New England that there was even just a few years before. And I’m not sure if that’s going to change anytime soon,” says Dan Dolan, executive director of the New England Power Generators Association.Dolan and many other industry players note that Maine wind energy projects were shut out last fall when they bid on a big southern New England clean energy power contract. Solar and wind projects closer to the demand centers were the real winners.

Source: Maine Public

Hinckley Yachts plans major expansion

Hinckley Yachts is planning a 19,500-square-foot expansion at its Southwest Harbor service yard.The Mount Desert Islander reported the investment is expected to be $1 million. The company produces high-end luxury yachts at its Trenton plant, runs a service yard and marina in Southwest Harbor, and has additional service yards in Northeast Harbor and elsewhere along the East Coast.

Source: Mainebiz.biz

Poland Spring Eyes Lincoln Area for $50 Million Bottling Plant

A Poland Spring representative said he will push his company to build a $50 million bottling plant in the Lincoln area — a crucial but far from final step in the company’s expansion planning.

Recent well tests showed that the Lincoln Water District can easily anchor a bottling plant, Senior Natural Resource Manager Thomas Brennan said during a district board meeting on Tuesday. Poland Spring has been testing wells and scouting plant locations in the Lincoln area since March.

Source: Maine Public