Monday, January 14, 2013

Verso Warns Maine Gov. on Energy Change

Representatives of Maine's pulp and paper industry said Wednesday that efforts by Gov. Paul LePage's administration to change the state's renewable energy policies are likely to do more harm than good when it comes to the price of electricity
The Verso paper mill in Bucksport has plans to build a biomass energy plant.
They may also hurt the paper industry, which employs 7,500 workers statewide, according to Bill Cohen, Verso Paper Corp.'s manager for mill communications and regional government affairs
LePage proposed a bill last legislative session that would have changed the standard by removing the 100-megawatt cap. That would have the effect, according to Cohen and Verso, of flooding Maine's market with power from large hydropower facilities in Quebec. It could make Verso's recent investment a moot point, Cohen said.