This is a form dealing with the Over-Production and Under-Production of Gas, the event Assignor's gas production, if any, from the Assigned Property is in excess of or less than Assignor's interest in the Property, then Assignee shall acquire Assignor's interest subject to that over-production or under-production.
Maine Over-Production and Under-Production of Gas
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Multi-State
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US-OG-502
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Word;
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FAQ
Natural Gas Maine has no fossil fuel reserves of its own. It receives its natural gas by pipeline primarily from Canada. Natural gas is used in the state mainly for electricity generation.
Did Maine deregulate its electric industry? Not really; rather it restructured it. In 2000, the Restructuring Act (35-A MRSA, ch. 32) took Maine's electric utilities out of the generation business and required them to sell their various generation assets.
In 2021, 72% of Maine's total electricity net generation came from renewable energy, and hydroelectric power provided the largest share at 27%.
Maine's electricity market is deregulated, meaning you have the option to decide who supplies your electricity -- and the rate you pay.
With the passage of AB 1890 in 1996, California led the nation in efforts to deregulate the electricity sector. The act was hailed as a historic reform that would reward consumers with lower prices, reinvigorate California's then-flagging economy, and provide a model for other states.
Hydropower, wind, and wood produce most of the electricity generated in Maine.
The California Law: In 1996, the California Legislature unanimously approved legislation backed by the utility industry to ?deregulate? electricity. The Legislation promised competition and at least 20% lower electricity rates by 2002.
Maine Memory Network On January 5, 1880, in a tiny community in Piscataquis County, the state's first reported electric lights were lit, illuminating the Willimantic wood products mill at Greeley's Falls.
