Development Team and Strategic Partners

Maine Power Express, LLC is a Joint venture between Loring Holdings, LLC (50%), National Resources Energy, LLC (45%) and Transmission Developers, Inc. (5%). MPX has assembled an expert team of development and strategic partners to design, engineer, permit, finance, construct and operate the HVDC transmission project. The MPX is one of the Loring Energy Projects based out of the Loring Commerce Centre in Limestone, Maine. Learn more at

Executive Team

Scott Houldin - Managing Member

Scott Houldin is a principal of the Maine Power Express. He has been actively engaged in the National Resources Group of companies since inception, handling risk management and development of several projects and leading all energy initiatives including infrastructure development with a focus on HVDC sub-marine transmission lines. Mr. Houldin has primary responsibility for directing all aspects of project development, permitting and risk management.  In 1995, Mr. Houldin founded Twin Elms Environmental Insurance Agency, a brokerage firm dedicated to the structuring and placement of environmental insurance programs for managing Brownfields properties. He has worked on behalf of buyers, sellers, lenders, public utilities and municipalities.  Previously, Mr. Houldin served as Vice President of a regional insurance agency responsible for the commercial lines division. Mr. Houldin graduated from Denison University with a BA in Economics. 

Hayes Gahagan - Managing Member

Hayes Gahagan is a principal of The Maine Power Express. He is the founder, lead entrepreneur, principal developer and one of the owners of Loring Holdings, LLC, developer of the Loring Energy Projects at the former Loring Air Force Base in Limestone, Maine. As Managing Member, Mr. Gahagan is responsible for day-to-day management of technical, economic, environmental, legal and regulatory matters for the project owners.  As a former legislator, he has been involved in various business-related assignments, including drafting of legislation, presentations at legislative hearings, special boards and commissions, and Governors advisory groups with specialty focus on U.S., New England and Maine energy policy, environmental affairs and economic development.  Mr. Gahagan was elected to the Maine House of Representatives and the Maine Senate, serving as a member of the Joint Standing Committee on Appropriations and Financial Affairs.  Mr. Gahagan received his BA and MA from the University of Maine and completed graduate studies in International Law and Economics at Manchester College, Oxford.

Ryan Gahagan - Project Manager

Ryan has served as Project Manager for the Maine Power Express since 2012. Ryan develops economic models, manages Maine Public Utilities Commission (MPUC) regulatory proceedings, drafts proposals, motions, reports and other filings, conducts research and analysis on Maine and New England energy matters, performs geospatial research and mapping, participates in regional energy industry organizations, manages the MPX PR, communications and IT, and interfaces with outside engineering, permitting and regulatory consultants and attorneys. He received his BA in Communications from Gordon College in Wenham, MA in 2002. 

Strategic Partners


ABB is the chosen technology provider for the Maine Power Express. HVDC Light, based on VSC technology (Voltage Sourced Converter), is designed to transmit power underground and under water, also over long distances. It offers numerous environmental benefits, including “invisible” power lines, neutral electromagnetic fields, oil-free cables and compact converter stations.

James W. Sewall Company -

The James W. Sewall Company is a Maine-based integrated team of geospatial, engineering and natural resource consultants who partner with clients to create practical, sustainable solutions. Sewall builds enduring relationships built on integrity, objectivity, and a broad understanding of evolving client needs. Sewall’s land-owner relationships will provide great value to the MPX. 

Loring Development Authority -

Loring Development Authority of Maine has been a strategic partner of MPX and its affiliates for several years. MPX also enjoys long-term relationships with the Maine Governors Office, Governors Energy Office, Maine Public Utilities Commission, and State and Local Officials. 

Massport -

Massachusetts Port Authority is a port authority in the Commonwealth of Massachusetts. It owns and operates three airports—Boston Logan International Airport, Hanscom Field, and Worcester Regional Airport—and public terminals in the Port of Boston. Massport is a strategic partner of MPX; the two entities have enjoyed a good relationship for the past several years. 


A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering services, consulting and construction management firm that provides integrated services to the energy, environmental and infrastructure markets. TRC serves a broad range of clients in government and industry, implementing complex projects from initial concept to delivery and operation.