Maine's Two Largest Utilities Agree to Co-develop Transmission Projects in New England

Maine's Two Largest Utilities Agree to Co-develop Transmission Projects in New
                                   England

Projects would boost capacity; improve access to new renewable generation.

PR Newswire

NEW GLOUCESTER, Maine, July 7, 2014

NEW GLOUCESTER, Maine, July 7, 2014 /PRNewswire/ -- Maine's two largest
utilities have agreed to jointly develop electric transmission projects to
enhance the strength and capacity of the state's bulk power grid and improve
access for new generation resources.

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Emera Maine and Central Maine Power (CMP) recently signed a memorandum of
understanding (MOU) for joint project development which identified a number of
potential projects that could be developed together. The projects would
improve links between southern New England and northern Maine, where more than
2,100 megawatts of wind power development have been proposed. The agreement
between the utilities comes in response to a call by the six New England
governors for investments in the region's energy infrastructure to diversify
the energy portfolio and gain access to new renewable energy resources.

As the state's two largest utilities, Central Maine Power and Emera Maine
serve more than 95% of Maine's homes and businesses. The utilities have
significant expertise with transmission projects, including the MEPCO
transmission line that extends from central Maine to New Brunswick, Canada.

The companies have outlined two initial phases of work. Phase One will analyze
the feasibility of each project, including technical feasibility, public
policy, regulatory considerations, and outreach to other potential parties to
the project. Phase Two will include all development activities from design,
engineering, siting, through construction bidding.

Central Maine Power is the state's largest utility serving 605,000 homes and
businesses in the southern third of the state. The company is nearing
completion of the Maine Power Reliability Program, a $1.4 billion investment
in new transmission lines and substations to reinforce its 345,000 volt bulk
power grid.

"Our Maine Power Reliability Program is the largest construction project ever
in Maine, and one of New England's largest transmission projects," said Sara
Burns, president and CEO of Central Maine Power. "It's a vast and complex
undertaking, but four years into construction, the project is on time and on
budget."

Emera Maine, which includes the former Bangor Hydro Electric and Maine Public
Service, serves approximately 154,000 homes and businesses in eastern and
northern Maine. Significant transmission projects completed by Emera Maine
include the 43-mile, 115,000 volt Downeast Reliability Project, and the
85-mile, 345,000 volt Northeast Reliability Interconnect in 2007.

"Electric transmission can be a significant challenge to new low/no emitting
generation sources seeking to enter our New England market", said Gerard
Chasse, president and COO of Emera Maine. "That's a challenge that our
companies have been working together on for some time, particularly in
Northern Maine. With this MOU we are renewing and expanding these efforts to
identify and develop creative and cost effective transmission solutions to
benefit the State and the region."

Both companies have long records of service in Maine and direct ties to the
international utility industry. Central Maine Power has operated in Maine
since 1898. The company was acquired by Iberdrola in 2008, which is the
world's fifth largest utility based on market value, and the world's largest
wind energy company. In the U.S., Iberdrola USA is the nation's second largest
wind energy company, and it operates electric and gas utilities serving nearly
3 million customers in New York and New England. Emera Maine is a wholly-owned
subsidiary of Nova Scotia based Emera Inc., a full service energy company
operating throughout the Northeast U.S., Atlantic Canada, and the Caribbean.

Iberdrola USA is the U.S. subsidiary of global energy leader Iberdrola, S.A.
The Iberdrola USA companies employ about 5,000 people with operations in 24
states from New England to the West Coast, providing electricity generation,
transmission and distribution, natural gas storage and distribution, and
energy services. For more information, please visit our website:
www.iberdrolausa.com. Follow us on Twitter: @IberdrolaUSA 

Electricity/natural gas transmission & distribution + renewable energy too.

Video -
http://origin-qps.onstreammedia.com/origin/multivu_archive/PRNA/ENR/FX-20140707-NY63215-1.mp4
Logo - http://photos.prnewswire.com/prnh/20140128/MM54425LOGO

SOURCE Iberdrola USA

Website: http://www.iberdrolausa.com
Contact: John Carroll - Central Maine Power, 207.688.4339; Susan Faloon -
Emera Maine, 207.949.3917
 
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