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