September 25, 2018
Business Latest News | Poll Questions | Bangor Mall | Collins Protests | Lobster Hate Mail

CMP hopes to win clean energy project with $950M bid

By Lori Valigra

Central Maine Power said it will submit a $950 million bid for a project that would bring clean energy to New England’s electric grid and potentially create jobs and lower power prices for Mainers.

The bid is in response to a March 31 request from Massachusetts for projects that could supply that state with 1,200 megawatts of renewable energy. Roughly 50 companies responded, according to CMP President and CEO Sara Burns, who spoke Wednesday with reporters on a conference call. The winner will be selected the third week of January.

“We know we can deliver it [the energy],” Burns said.

CMP has been quietly buying up a corridor of land in western Maine from Canada to the Massachusetts border to tap hydropower from Hydro-Quebec and move it south. Massachusetts ratepayers would pay for the new transmission lines.

“We have 100 percent control of the path and right-of-way to the Canadian border,” said Bob Kump, CEO of CMP parent Avangrid Networks.

The other bids have been kept confidential, and CMP would not say specifically why it was releasing the bid information.

Follow the Bangor Daily News on Facebook for the latest Maine news.

 


Have feedback? Want to know more? Send us ideas for follow-up stories.

You may also like