Michael Cole, a financial analyst with the Public Utilities Commission, recommen

Authors

Source

Portland Press Herald

Date

5-21-1994

Pages

7C

Abstract

Michael Cole, a financial analyst with the Public Utilities Commission, recommends conditional approval of a plan by Central Maine Power Co. (CMP) to spend $70 million to set up a subsidiary that would sell electricty to wholesale markets. The new company would operate "affiliates" that would be the actual generators of electricty, and Cole wants them to be located outside New England to avoid direct competition with CMP's existing wholesale customers.

Subjects

Central Maine Power Company

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