CMP announced Wednesday their clean energy hydropower transmission proposal will save Bay State rate payers more than $600 million in construction costs over competing proposals.
The New England Clean Energy Transmission project will deliver 12 megawatts of hydropower to the regional electric grid.
CMP officials said it would use a line they already have in place that goes to the border of Canada. Officials stated Maine also stands to benefit from the project.
CMP president and CEO Sara Burns said "If we win they get all the construction jobs of building this line and the line will take about 3.5 years to build. Construction jobs at the peak could be as high as 1,400 or 1,500 jobs that has a ripple effect throughout the communities that we go through. Maine gets the tax benefits."
CMP officials said a selection is expected the third week in January. Work on permitting would begin immediately.