Maine natural gas prices will rise less than expected following pipeline talks

BANGOR DAILY NEWS • January 4, 2025

Regulators and three natural gas pipelines serving Maine have reached agreements on rate increases that advocates said are smaller than anticipated but may still lead to higher prices for customers. Specifics on the changing rates tied to the Maritimes & Northeast Pipeline, Algonquin Gas Transmission and Granite State Gas Transmission, which serve businesses and large electricity generators in the region, are still under wraps and will need federal approval later in 2025. Though Maine’s climate goals seek 80 percent renewable energy generation by 2030, natural gas remains a key source for the state and currently generates nearly half of New England’s power.