Central Maine Power Co. (CMP) spokesman Clark Irwin yesterday said that a requir

Source

Portland Press Herald

Date

8-12-1994

Pages

3B

Abstract

Central Maine Power Co. (CMP) spokesman Clark Irwin yesterday said that a requirement by the Finance Authority of Maine that CMP provide collateral for $78 million in low-cost financing for the planned buyout of the Fairfield Energy Venture wood-fired energy plant in Fort Fairfield could kill the deal. Timothy Agnew, chief executive officer of FAME, said the collateral is necessary to protect the state against potential losses from all loans and loan guarantees. CMP's proposed buyout of the Fort Fairfield plant will be the focus of a public hearing in Presque Isle next Wednesday. Details.

Subjects

Central Maine Power Company, Fairfield Energy Venture -- Fort Fairfield

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