Tender Offer for Preferred Stock of Central Maine Power Company

Jan 28, 2010, 16:00 ET from CMP Group, Inc.

NEW GLOUCESTER, Maine, Jan. 28 /PRNewswire/ -- CMP Group, Inc. ("CMP Group"), the owner of all of the outstanding common stock of Central Maine Power Company ("CMP" or the "Company") and a wholly owned subsidiary of Iberdrola USA, Inc. ("Iberdrola USA"), has initiated a tender offer for all of the preferred stock of CMP listed below. The offer expires at 5 p.m. on March 3, 2010.

    
    
    
    Series                             CUSIP No.           Purchase Price
    ------                             ---------           --------------
    6% Preferred Stock                 154051403              $100.00
    4.60% Dividend Series              154051304               $93.00
    4.75% Dividend Series              154051866               $93.00
    5.25% Dividend Series              154051pp5               $93.00
    
    

Holders of record as of January 25, 2010 (the "Record Date") that validly tender prior to the Expiration Date will receive the applicable purchase price per share listed above plus an amount equal to any accrued but unpaid dividends up to but not including the settlement date.

The tender offer is conditioned upon, among other things, there being at the expiration of the tender offer, more than 50% of the outstanding shares of preferred stock, exclusive of the 533 shares of preferred stock already owned by CMP Group, that have been validly tendered and not withdrawn

The offering document containing the terms and conditions of the tender offer is available upon request from BNY Mellon Shareowner Services at (866) 275-9502.

SOURCE CMP Group, Inc.