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Regional Economics

Economic Impact Analysis

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Economic Impacts Of The Proposed Maine Power Reliability Project, Charles S. Colgan Feb 2009

Economic Impacts Of The Proposed Maine Power Reliability Project, Charles S. Colgan

Economic Impact Analysis

Central Maine Power Company (CMP) proposes to invest in a significant upgrade to much of its high voltage transmission system in central and southern Maine in order to increase reliability in the future and to meet Federal standards for the nation’s electricity grid. The project, known as the Maine Power Reliability Program (MPRP) is expected to cost an estimated $1.5 billion and to be implemented over the four year period from 2009 to 2012.

Large construction projects such as MPRP typically have a different type of impact on the economy than, for example, a new manufacturing plant. Construction ...