CENTRAL MAINE POWER CO
424B3, 1998-08-11
ELECTRIC SERVICES
Previous: CENTRAL & SOUTH WEST CORP, U-1/A, 1998-08-11
Next: EKCO GROUP INC /DE/, 10-Q, 1998-08-11



Pricing Supplement No. 3       Dated August 10, 1998             Rule 424(b)(3)
                                                             File No. 333-35235
(To Prospectus dated February 17, 1998)

CENTRAL MAINE POWER COMPANY

Medium-Term Notes, Series D
(Floating Rate)
  THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
       EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE
      SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION
              PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PRICING
 SUPPLEMENT OR THE PROSPECTUS TO WHICH IT RELATES. ANY REPRESENTATION TO THE
                         CONTRARY IS A CRIMINAL OFFENSE.

<TABLE>
<S>                      <C>                                                           <C>     
Principal Amount:        $10,000,000                       Initial Interest Rate       5.94844%
Issue Price:             $10,000,000
                                                           Base Rate:              1-mo. LIBOR + .30%
Trade Date:               August 7, 1998                   Federal Funds Rate      Prime Rate
Original Issue Date:      August 12, 1998                  Treasury Rate           Other (see att.)
Maturity Date:            August 16, 1999                  Commercial Paper Rate
</TABLE>
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>
Form:     X   Book-Entry

              Certified       Interest Reset Period     Daily          Weekly              X   Monthly
              Both                                      Quarterly      Semi-Annually         Annually
Interest Determination Dates: Two London business days                              Spread (+/-):   + .30%
                                    before interest payment date                    Spread Multiplier:
Interest Payment Period:      Monthly                                               Alternate Rate Event
Interest Payment Dates:       1st of each month                                     Spread
                              1st interest payment Sept. 1, 1998                    Maximum Interest Rate:

                                                                                    Minimum Interest Rate:
</TABLE>
Index Maturity:     Monthly
Redemption:
                The Notes cannot be redeemed prior to maturity
         X      The Notes may be redeemed prior to maturity

                           Redemption                  Redemption
                              Date(s)                     Price(s)
         02/01/99  and  each  payment  date  thereafter  w/30  days  notice  Par
Repayment:
         X      The Notes  cannot be repaid  prior to  maturity at the option of
                the holders thereof The Notes may be repaid prior to maturity at
                the option of the holders thereof

                           Redemption                  Redemption
                              Date(s)                     Price(s)

Original Issue Discount Note:         Yes          X   No
         Total Amount of OID:
         Yield to Maturity:
         Initial Accrual Period:

         As of the date of the  issuance of the Series D Notes  covered  hereby,
after giving  effect to the  issuance  thereof,  and after giving  effect to the
principal  amount of any  Medium-Term  Notes being  concurrently  or theretofore
issued or retired (including, without limitation, any Series A, Series B, Series
C and any Series D Notes),  there will be $170  million in  aggregate  principal
amount of the Company's Medium-Term Notes (including, without limitation, Series
A Notes, Series B Notes, Series C and the Series D Notes) outstanding.




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission