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CMP announces plans to invest up to 1.4 billion Details >>
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CMP announces plans to invest up to 1.4 billion
Augusta, ME, July 1, 2008 - Central Maine Power Company (CMP) announced today a plan to invest up to $1.4 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.
“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.”
