While the club said turnover rose from nearly $7.5 million to $13.3 million and that future prospects are positive, its losses increased to $6.4 million.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State
CMP ratepayers could see bills jump 12% to cover rising solar power subsidies
The utility is asking the Maine Public Utilities Commission for permission to bill ratepayers $116 million for subsidies paid to solar developers in the net energy billing program that is part of Maine’s effort to cut greenhouse gas emissions.
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Posted inBusiness, Local & State, Politics
Committee advances proposal to raise minimum wage for Maine farmworkers
The Committee on Labor and Housing passed an amended version of Gov. Janet Mills’ bill to raise the minimum wage for farmworkers to $14.15 per hour, the same rate as that for other workers.
Posted inBusiness, Nation & World, New England
Last coal-burning power plant in New England set to close in a win for environmentalists
Merrimack Station in New Hampshire will become the state’s first renewable energy park under a deal with the EPA.
Posted inBusiness, Nation & World
Stock market surge rewards S&P 500 with best start since 2019
The benchmark index gained more than 10% over the first 3 months of 2024, while the Dow Jones rose by 5.5%.
Posted inBusiness, Nation & World
Amazon bets $150 billion on data centers required for AI boom
The spending spree is a show of force as the company looks to retain its cloud computing edge over Microsoft and Google.
Posted inBusiness, Local & State, News, Politics
Maine House rebuffs plan to use performance as guide for utility rates
Several Democrats joined solid Republican opposition to reject legislation that proposes a first step in judging utilities’ performance when setting rates.
Posted inBusiness, Nation & World, News
Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison
Prosecutors said Bankman-Fried had cost customers, investors and lenders over $10 billion by misappropriating billions of dollars to fuel his quest for influence and dominance in the new industry.
Posted inBusiness, Kennebec Journal, Local & State, Morning Sentinel, News
Passenger train service through central Maine halted by representatives in Augusta
The bill would look at the feasibility of running a passenger rail between Portland and Bangor, with stops in Lewiston, Auburn, Waterville and just west of Augusta.
Posted inBusiness, Local & State, News
Portland jetport pitches parking expansion plan for city, state review
The Portland International Jetport has reduced its proposal by 100 spaces, but that might not satisfy residents of a Stroudwater neighborhood concerned about the $8 million project.