The warmest May in 12 years caused consumers to use more power last month, but it cost them less thanks to low prices for natural gas, according to ISO New England, which monitors the region's power grid.
Cumberland Gulf Group's fuel business, Gulf Oil LP of Framingham, issued a statement Wednesday that did not confirm or deny reports earlier this week that Gulf Oil was being sold to a Boston-area private equity firm.
While the Baker administration maintains the state is poised to hit its solar energy production target even without a change in law, solar industry advocates said lawmakers must take action to keep projects moving.
Planned revisions to the proposed Kinder Morgan gas project mean the proposed pipeline will no longer affect several communities north and east of Worcester.
Wind energy equipment manufacturer AMSC of Devens saw a strong 36-percent revenue growth to close out its most recent fiscal year while substantially cutting its quarterly losses, the company reported Thursday.
The average wholesale price of electricity in New England in April was the third lowest for any single month in 12 years, thanks to mild weather, low prices for natural gas and record-low power demand, according to ISO-New England, which oversees the region's power grid.
Even as electricity prices climbed in New England last year, the state's wholesale power markets operated competitively, with prices reflecting the cost of production, ISO New England said Wednesday.
Solar energy industry officials and advocates on Tuesday called for the lifting of the cap on solar production, which they say is impeding projects, causing delays in hiring and leading some companies to consider leaving the Bay State's market for other states.