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PUC Staff Calls for Rejection of All Proposals to Store Liquefied Natural Gas
  • 30/03/2017
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PUC Staff Calls for Rejection of All Proposals to Store Liquefied Natural Gas

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Descripción de PUC Staff Calls for Rejection of All Proposals to Store Liquefied Natural Gas

Staff at the Maine Public Utilities Commission say regulators should reject all bids received to provide new liquefied natural gas, or LNG, storage in the state. At the same time, Gov. Paul LePage is urging the Maine Public Utilities Commission to go ahead and sign a contract. Last year the Legislature authorized the use of up to $25 million a year, collected from consumers’ electricity bills, to incentivize new LNG storage capacity. The goal was to stabilize gas supply needed for electricity generation in Maine, particularly in winter months, when demand can drive its price sky-high. Eleven bids were considered, with plans for massive LNG tanks proposed at various locations in Maine. This week, the Commission’s staff recommended they all be rejected. The report found that none would serve the public interest or were likely to save consumers money. That’s echoed by Tim Schneider, the state’s public advocate. “When you look at the benefits that they laid out, it’s really just

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