BANGOR DAILY NEWS • August 19, 2024
A new $6,000 solar subsidy charge in the monthly Versant Power electricity bill for Milo Chip may force the factory to close, its office manager said. The factory, which employs four people and produces sanitary paper products in Milo, has been breaking even with surging labor, fuel and insurance costs, office manager Isabelle McKenna said. Prior to this new charge, an average monthly Versant Power electric bill was less than $5,000 for the factory, McKenna said. That additional monthly $6,000 is a cost the business cannot absorb.