Hearings Begin Thursday on Plan to Expand Maine’s Natural Gas Pipeline Capacity

Tux Turkel, Portland Press Herald

“The market reaction of Kinder Morgan answers the question,” said Greg Cunningham, a vice president at the Conservation Law Foundation. “If they felt that in the near term they could have made money, they would have stuck with it.”

Cunningham said that the last three years have shown just how volatile energy markets are, and why utility customers shouldn’t backstop investments for multi-billion dollar energy companies. His group favors regional proposals currently being considered to meet added power demands through wind, solar and hydro power, as well as stepped-up energy efficiency.

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