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Regulators solicit proposals for LNG storage in Maine

AUGUSTA, Maine (AP) — The Maine Public Utilities Commission is accepting proposals for a liquefied natural gas storage tank.

The utility regulators issued a request for proposals late last week following a state law that gave them power to execute a contract to address wintertime shortages of natural gas.

Commission Chairman Mark Vannoy says the panel looks forward to evaluating proposals as it seeks solutions to Maine and New England’s “regional energy challenges.”

The new law allows the Maine Public Utilities Commission to have ratepayers fund up to $75 million a year to fund liquefied natural gas storage facilities. It’s an expansion on a 2013 energy bill that encouraged an expansion of pipeline capacity.

 

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