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CMP to hold May 26th public informational open house Details >>
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CMP announces plans to invest up to 1.4 billion Details >>
MPRP updates Non-Transmission Alternatives Study Details >>
MPRP releases Executive Summary of Needs Assessment of the Maine Transmission System report Details >>
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CMP to hold May 26th public informational open house Details >>
CMP to hold public informational open houses Details >>
1/17/2008 Westborough, MA: ISO New England joint meeting of the Planning Advisory Committee and Reliability Committee. Details >>
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CMP plans to invest $1.5 billion
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"Flip a switch, and we're there!"
Central Maine Power Company (CMP) plans to invest up to $1.5 billion to keep its bulk power grid reliable and as a part of a broader effort to address economic and environmental concerns of electricity customers statewide. The Maine Power Reliability Program will create an average of 2,100 jobs with a peak of 3,327 jobs and add $289 million to the Gross Domestic Product (GDP) in Maine over four years.
“Our first responsibility is to keep the transmission grid reliable,” said Sara Burns, President of Central Maine Power. “We're updating a system built almost four decades ago, because Maine's needs are so different today. This is a critical investment to make sure we can keep the lights on. As a state, we're also facing enormous economic and environmental challenges. Our plan is necessary to allow the development of clean, renewable electricity resources in Maine as a step to reducing our dependence on high-priced oil and natural gas.”
