Power purchase agreement with ReEnergy Livermore Falls exceeds economic benefit goals

LIVERMORE FALLS – The ReEnergy Livermore Falls biomass power facility has provided $41.5 million in in-state economic benefits over the first two years of its long-term power purchase agreement with Central Maine Power, according to a detailed report submitted to the Maine Public Utilities Commission. ReEnergy Livermore Falls has a 20-year fixed-price contract to sell a portion of its electricity to Central Maine Power that commenced in January 2021. This was as a result of a Feb. 2020 RFP issued by the Maine Public Utilities Commission. (During the 2019 legislative session, the Maine Legislature enacted “An Act To Reform Maine’sRead More