Natural gas pipeline pitched for central ME
A new Portland-based energy company is seeking tax breaks from 12 communities in central Maine for a proposed a 56-mile natural gas pipeline.
Kennebec Valley Gas Co. recently pitched its $70 million line from Richmond to Madison to local officials at a meeting organized by the Kennebec Valley Council of Governments, according to the Kennebec Journal. The company is the newest venture of Mark Isaacson and Richard Silkman, founders of Competitive Energy Services and GridSolar. They are hoping to negotiate tax-increment financing arrangements with 12 municipalities that would host the pipeline and are currently working to attract large customers interested in using natural gas, according to the paper. The project also requires approval from the Maine Public Utilities Commission, and Isaacson said the company hopes to get a conditional certificate in a few months.
Isaacson said the project would provide another energy option to a large portion of the state. Currently, three companies provide natural gas in greater Portland, Lewiston-Auburn, greater Bangor, the Brunswick area and Kittery.
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