CMP celebrates power grid upgrade, smart meters

Posted Sept. 28, 2010, at 3:45 p.m.

PORTLAND, Maine — Central Maine Power is celebrating the installation of the first “smart” meters and the start of construction of a $1.4 billion power grid upgrade that’ll allow the flow of more electricity from Canada and create capacity for future wind power projects.

At back-to-back events, Gov. John Baldacci was joined Tuesday in Gorham and Portland by Ignacio Galan, chairman and CEO of Spanish utility Iberdrola. Iberdrola is CMP’s parent company.

The $1.4 billion power grid upgrade will double the capacity of the grid’s main line through the state. Smart meters, meanwhile, will enable CMP customers to monitor their own energy use.

Baldacci says the power grid project will create hundreds of much-needed jobs and create “more and bigger opportunities” down the road.