This month, the average residential rate listed on the site was 18.48 cents per kilowatt hour. That’s up from 10.5 cents in June 2021.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine Cannabis Report
Cannabis industry to see tax cuts, reforms in California
The legal market has been hampered by confusing regulations, high taxes and decisions by some communities to ban cannabis shops.
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Posted inBusiness
Average U.S. gasoline price falls 19 cents to $4.86 per gallon
The lowest average was in Baton Rouge, Louisiana, at $4.19 per gallon.
Posted inBusiness, Food & Dining, Local & State
How one Maine town made sure it had a place to eat out this summer
Food-world connections and eager investors helped get the beloved family restaurant Dennett’s Wharf up and running in Castine.
Posted inBusiness, Nation & World
Musk effort to kill deal leaves Twitter with only bad options
Staff were already on edge due to recent executive departures and restructuring of product leadership.
Posted inBusiness, Nation & World
Production resumes at troubled Abbott baby formula factory
The Michigan plant whose February shutdown over contamination contributed to a national shortage shut down again in mid-June.
Posted inBusiness, Nation & World
Wall Street ends winning week with mixed close on jobs data
The market’s key concern centers on the Federal Reserve’s effort to rein in inflation, and the risk its plan could send the economy into a recession.
Posted inBusiness, Nation & World, News
Elon Musk abandons $44 billion deal to buy Twitter; company says it will sue
The possible unraveling of the deal is just the latest twist in a saga between the world’s richest man and one of the most influential social media platforms.
Posted inBusiness, Nation & World
Robust June jobs report clouds outlook for U.S. economy
The figures the government released Friday spotlighted the sharp divide between the healthy labor market and the rest of the economy.
Posted inBusiness
U.S. dollar nearly equal to euro for 1st time in 20 years
The trend makes foreign goods slightly less expensive for Americans but threatens to hurt U.S. exporters.