Market Commentary and Intraday News

Maine town rejects wind farm moratorium proposal

243 days ago

(AP:CANTON, Maine) Voters in the western Maine town of Canton have rejected a proposal that would have placed a six-month moratorium on wind-power developments.

Residents on Saturday defeated the moratorium proposal by a vote of 37 to 24.

Patriot Renewables LLC of Quincy, Mass., wants to erect eight turbines on Canton Mountain with a capacity of 22 megawatts of electricity.

Moratorium supporters said a six-month hold would give the town time to write regulations governing wind-power developments.

Opponents said the town stands to benefit from a wind farm. Town officials have said the development could cut property taxes sharply.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

View all of today's news »