----

----

|   |  Large accelerated filer  ̈.                |  Accelerated filer  ̈.    |   |
|--------|-----------------------------------------------------------|-----------------------------------------|--------|
|   |  Non-accelerated filer  ̈    |  Smaller reporting company x. |   |
|   |  (Do not check if a smaller reporting company)       |                                    |   |

----

|                                                                                                                                                                                                                                                                                                                                 |   | Three Months EndedSeptember 30, |      |   | Nine Months EndedSeptember 30, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|-----------|--------|--------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                 |   | 2010                            |      |   | 2009                           |   |   | 2010 |   |   | 2009 |   |
| Operating Revenues                                                                                                                                                                                                                                                                                                                   |   |                            |      |   |                           |   |   |   |   |   |   |   |
| Regulated Revenues                                                                                                                                                                                                                                                                                                                   |   | $                               | 7,870     |   |                           | $      | 7,273 |   |   | $ | 25,200 |   |   | $ | 24,705 |   |
| Unregulated Utility Services Revenues                                                                                                                                                                                                                                                                                                |   |                            | 38        |   |                           |   | 29 |   |   |   | 72 |   |   |   | 577 |   |
| Total Operating Revenues                                                                                                                                                                                                                                                                                                             |   |                            | 7,908     |   |                           |   | 7,302 |   |   |   | 25,272 |   |   |   | 25,282 |   |
|                                                                                                                                                                                                                                                                                                                                 |   |                            |      |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Operating Expenses                                                                                                                                                                                                                                                                                                                   |   |                            |      |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Regulated Operation and Maintenance                                                                                                                                                                                                                                                                                                  |   |                            | 4,029     |   |                           |   | 4,371 |   |   |   | 11,874 |   |   |   | 11,925 |   |
| Unregulated Utility Services Operation and Maintenance                                                                                                                                                                                                                                                                               |   |                            | 39        |   |                           |   | 17 |   |   |   | 54 |   |   |   | 371 |   |
| Other Unregulated Operation and Maintenance (1)                                                                                                                                                                                                                                                                                      |   |                            | 97        |   |                           |   | 210 |   |   |   | 601 |   |   |   | 598 |   |
| Depreciation                                                                                                                                                                                                                                                                                                                         |   |                            | 787       |   |                           |   | 811 |   |   |   | 2,275 |   |   |   | 2,211 |   |
| Amortization of Stranded Costs                                                                                                                                                                                                                                                                                                       |   |                            | 2,583     |   |                           |   | 2,700 |   |   |   | 7,750 |   |   |   | 8,101 |   |
| Amortization                                                                                                                                                                                                                                                                                                                         |   |                            | 60        |   |                           |   | 42 |   |   |   | 195 |   |   |   | 114 |   |
| Taxes Other Than Income                                                                                                                                                                                                                                                                                                              |   |                            | 478       |   |                           |   | 441 |   |   |   | 1,447 |   |   |   | 1,364 |   |
| (Benefit of) Provision for Income Taxes—Regulated                                                                                                                                                                                                                                                                              |   |                            | (117      | )      |                           |   | (467 | ) |   |   | 470 |   |   |   | 278 |   |
| Benefit of Income Taxes—Unregulated                                                                                                                                                                                                                                                                                            |   |                            | (55       | )      |                           |   | (91 | ) |   |   | (264 | ) |   |   | (198 | ) |
|                                                                                                                                                                                                                                                                                                                                 |   |                            |      |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses                                                                                                                                                                                                                                                                                                             |   |                            | 7,901     |   |                           |   | 8,034 |   |   |   | 24,402 |   |   |   | 24,764 |   |
|                                                                                                                                                                                                                                                                                                                                 |   |                            |      |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Operating (Loss) Income                                                                                                                                                                                                                                                                                                              |   |                            | 7         |   |                           |   | (732 | ) |   |   | 870 |   |   |   | 518 |   |
|                                                                                                                                                                                                                                                                                                                                 |   |                            |      |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Other Income (Deductions)                                                                                                                                                                                                                                                                                                            |   |                            |      |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Equity in Income of Associated Companies                                                                                                                                                                                                                                                                                             |   |                            | 24        |   |                           |   | 37 |   |   |   | 119 |   |   |   | 98 |   |
| Interest and Dividend Income                                                                                                                                                                                                                                                                                                         |   |                            | -         |   |                           |   | - |   |   |   | - |   |   |   | 8 |   |
| Benefit of Income Taxes                                                                                                                                                                                                                                                                                                              |   |                            | 26        |   |                           |   | 4 |   |   |   | 529 |   |   |   | 7 |   |
| Unrecoverable Merger Costs                                                                                                                                                                                                                                                                                                           |   |                            | (71       | )      |                           |   | - |   |   |   | (1,264 | ) |   |   | - |   |
| Other—Net                                                                                                                                                                                                                                                                                                                      |   |                            | (37       | )      |                           |   | (11 | ) |   |   | (106 | ) |   |   | (68 | ) |
|                                                                                                                                                                                                                                                                                                                                 |   |                            |      |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Total Other (Deductions) Income                                                                                                                                                                                                                                                                                                      |   |                            | (58       | )      |                           |   | 30 |   |   |   | (722 | ) |   |   | 45 |   |
|                                                                                                                                                                                                                                                                                                                                 |   |                            |      |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| (Loss) Income Before Interest Charges                                                                                                                                                                                                                                                                                                |   |                            | (51       | )      |                           |   | (702 | ) |   |   | 148 |   |   |   | 563 |   |
|                                                                                                                                                                                                                                                                                                                                 |   |                            |      |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Interest Charges                                                                                                                                                                                                                                                                                                                     |   |                            |      |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Long-Term Debt and Notes Payable                                                                                                                                                                                                                                                                                                     |   |                            | 430       |   |                           |   | 449 |   |   |   | 1,269 |   |   |   | 1,355 |   |
| Less Stranded Costs Carrying Charge                                                                                                                                                                                                                                                                                                  |   |                            | (196      | )      |                           |   | (274 | ) |   |   | (647 | ) |   |   | (910 | ) |
|                                                                                                                                                                                                                                                                                                                                 |   |                            |      |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Total Interest Charges                                                                                                                                                                                                                                                                                                               |   |                            | 234       |   |                           |   | 175 |   |   |   | 622 |   |   |   | 445 |   |
|                                                                                                                                                                                                                                                                                                                                 |   |                            |      |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Net (Loss) Income Available for Common Stockholders                                                                                                                                                                                                                                                                                  |   | $                               | (285      | )      |                           | $      | (877 | ) |   | $ | (474 | ) |   | $ | 118 |   |
|                                                                                                                                                                                                                                                                                                                                 |   |                            |      |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Weighted Average Shares of Common Stock Outstanding - Basic                                                                                                                                                                                                                                                                          |   |                            | 1,683,949 |   |                           |   | 1,681,249 |   |   |   | 1,683,274 |   |   |   | 1,680,507 |   |
| Weighted Average Shares of Common Stock Outstanding - Diluted                                                                                                                                                                                                                                                                        |   |                            | 1,683,949 |   |                           |   | 1,681,249 |   |   |   | 1,683,274 |   |   |   | 1,681,237 |   |
|                                                                                                                                                                                                                                                                                                                                 |   |                            |      |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Basic (Loss) Earnings Per Share                                                                                                                                                                                                                                                                                                      |   | $                               | (0.17     | )      |                           | $      | (0.52 | ) |   | $ | (0.28 | ) |   | $ | 0.07 |   |
|                                                                                                                                                                                                                                                                                                                                 |   |                            |      |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Diluted (Loss) Earnings Per Share                                                                                                                                                                                                                                                                                                    |   | $                               | (0.17     | )      |                           | $      | (0.52 | ) |   | $ | (0.28 | ) |   | $ | 0.07 |   |
|                                                                                                                                                                                                                                                                                                                                 |   |                            |      |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| (1) Unregulated operation and maintenance expense and income tax benefits included in continuing operations is the activity of the holding company, including operating expenses of MAM USG, other corporate costs directly associated with unregulated operations, and other costs that cannot be charged to the regulated utility. |   |

----

|                                                                           |   | Nine Months EndedSeptember 30, |   |
|--------------------------------------------------------------------------------|--------|--------------------------------|--------|
|                                                                           |   | 2010                           |   |   | 2009 |   |
| Cash Flow From Operating Activities                                            |   |                           |   |   |   |   |
| Net (Loss) Income                                                              |   | $                              | (474   | ) |   | $ | 118 |   |
| Adjustments to Reconcile Net (Loss) Income to Net Cash Provided by Operations: |   |                           |   |   |   |   |   |   |
| Depreciation                                                                   |   |                           | 2,275  |   |   |   | 2,211 |   |
| Amortization of Intangibles                                                    |   |                           | 195    |   |   |   | 114 |   |
| Amortization of Seabrook                                                       |   |                           | 833    |   |   |   | 833 |   |
| Deferred Income Taxes—Net                                                |   |                           | (1,336 | ) |   |   | (2,085 | ) |
| Deferred Investment Tax Credits                                                |   |                           | (10    | ) |   |   | (13 | ) |
| Change in Deferred Regulatory and Debt Issuance Costs                          |   |                           | 5,746  |   |   |   | 6,192 |   |
| Change in Benefit Obligations                                                  |   |                           | (1,046 | ) |   |   | (343 | ) |
| Change in Deferred Directors' Compensation                                     |   |                           | 458    |   |   |   | (9 | ) |
| Change in Current Assets and Liabilities:                                      |   |                           |   |   |   |   |   |   |
| Accounts Receivable and Unbilled Revenue from Utility                          |   |                           | 1,031  |   |   |   | 4,170 |   |
| Other Current Assets                                                           |   |                           | 66     |   |   |   | (149 | ) |
| Accounts Payable                                                               |   |                           | 676    |   |   |   | (1,905 | ) |
| Other Current Liabilities                                                      |   |                           | 1,039  |   |   |   | (566 | ) |
| Other—Net                                                                |   |                           | 481    |   |   |   | 93 |   |
|                                                                           |   |                           |   |   |   |   |   |   |
| Net Cash Flow Provided By Operating Activities                                 |   |                           | 9,934  |   |   |   | 8,661 |   |
|                                                                           |   |                           |   |   |   |   |   |   |
| Cash Flow From Financing Activities                                            |   |                           |   |   |   |   |   |   |
| Dividends Paid                                                                 |   |                           | (252   | ) |   |   | (252 | ) |
| Repayments of Long-Term Debt                                                   |   |                           | (855   | ) |   |   | (1,053 | ) |
| Payments of Capital Lease Obligations                                          |   |                           | (130   | ) |   |   | (142 | ) |
| Short-Term Debt Repayments, Net                                                |   |                           | (3,400 | ) |   |   | (2,000 | ) |
|                                                                           |   |                           |   |   |   |   |   |   |
| Net Cash Flow Used For Financing Activities                                    |   |                           | (4,637 | ) |   |   | (3,447 | ) |
|                                                                           |   |                           |   |   |   |   |   |   |
| Cash Flow From Investing Activities                                            |   |                           |   |   |   |   |   |   |
| Change in Restricted Investments                                               |   |                           | (198   | ) |   |   | (914 | ) |
| Dividends Received from Associated Companies                                   |   |                           | 831    |   |   |   | 5 |   |
| Investment in Fixed Assets                                                     |   |                           | (5,720 | ) |   |   | (5,034 | ) |
|                                                                           |   |                           |   |   |   |   |   |   |
| Net Cash Flow Used For Investing Activities                                    |   |                           | (5,087 | ) |   |   | (5,943 | ) |
|                                                                           |   |                           |   |   |   |   |   |   |
| Increase (Decrease) in Cash and Cash Equivalents                               |   |                           | 210    |   |   |   | (729 | ) |
| Cash and Cash Equivalents at Beginning of Period                               |   |                           | 747    |   |   |   | 1,846 |   |
|                                                                           |   |                           |   |   |   |   |   |   |
| Cash and Cash Equivalents at End of Period                                     |   | $                              | 957    |   |   | $ | 1,117 |   |
|                                                                           |   |                           |   |   |   |   |   |   |
| Supplemental Disclosure of Cash Flow Information:                              |   |                           |   |   |   |   |   |   |
| Cash Paid During the Period for:                                               |   |                           |   |   |   |   |   |   |
| Interest                                                                       |   | $                              | 1,261  |   |   | $ | 1,383 |   |
| Income Taxes                                                                   |   | $                              | 1,546  |   |   | $ | 3,416 |   |
| Non-Cash Activities:                                                           |   |                           |   |   |   |   |   |   |
| Dividends Declared, Not Yet Paid                                               |   | $                              | 84     |   |   | $ | 84 |   |
| Fair Market Value of Stock Issued to Directors and Officers                    |   | $                              | 83     |   |   | $ | 82 |   |

----

|                                                                                             |   | September 30, |    |   | December 31, |   |
|--------------------------------------------------------------------------------------------------|--------|---------------|---------|--------|--------------|--------|
|                                                                                             |   | 2010          |    |   | 2009         |   |
| ASSETS                                                                                           |   |          |    |   |         |   |
| Plant:                                                                                           |   |          |    |   |         |   |
| Electric Plant in Service                                                                        |   | $             | 120,545 |   |         | $      | 116,729 |   |
| Non-Utility Plant                                                                                |   |          | 77      |   |         |   | 101 |   |
| Less Accumulated Depreciation                                                                    |   |          | (49,586 | )      |         |   | (47,690 | ) |
|                                                                                             |   |          |    |   |         |   |   |   |
| Net Plant in Service                                                                             |   |          | 71,036  |   |         |   | 69,140 |   |
| Construction Work-in-Progress                                                                    |   |          | 1,907   |   |         |   | 901 |   |
|                                                                                             |   |          |    |   |         |   |   |   |
| Total Plant Assets                                                                               |   |          | 72,943  |   |         |   | 70,041 |   |
|                                                                                             |   |          |    |   |         |   |   |   |
| Investments in Associated Companies                                                              |   |          | 400     |   |         |   | 1,136 |   |
|                                                                                             |   |          |    |   |         |   |   |   |
| Net Plant and Investments in Associated Companies                                                |   |          | 73,343  |   |         |   | 71,177 |   |
|                                                                                             |   |          |    |   |         |   |   |   |
| Current Assets:                                                                                  |   |          |    |   |         |   |   |   |
| Cash and Cash Equivalents                                                                        |   |          | 957     |   |         |   | 747 |   |
| Accounts Receivable (less allowance for uncollectible accounts of $141 in 2010 and $439 in 2009) |   |          | 5,940   |   |         |   | 6,584 |   |
| Unbilled Revenue from Utility                                                                    |   |          | 767     |   |         |   | 1,154 |   |
| Inventory                                                                                        |   |          | 1,025   |   |         |   | 889 |   |
| Prepayments                                                                                      |   |          | 449     |   |         |   | 651 |   |
| Prepaid Taxes                                                                                    |   |          | 999     |   |         |   | 1,616 |   |
|                                                                                             |   |          |    |   |         |   |   |   |
| Total Current Assets                                                                             |   |          | 10,137  |   |         |   | 11,641 |   |
|                                                                                             |   |          |    |   |         |   |   |   |
| Regulatory Assets:                                                                               |   |          |    |   |         |   |   |   |
| Uncollected Maine Yankee Decommissioning Costs                                                   |   |          | 2,038   |   |         |   | 2,296 |   |
| Recoverable Seabrook Costs                                                                       |   |          | 6,396   |   |         |   | 7,229 |   |
| Regulatory Assets—Deferred Income Taxes                                                    |   |          | 5,735   |   |         |   | 6,055 |   |
| Regulatory Assets—Post-Retirement Medical and Pension Benefits                             |   |          | 1,366   |   |         |   | 1,379 |   |
| Deferred Fuel and Purchased Energy Costs                                                         |   |          | 13,364  |   |         |   | 18,833 |   |
| Unamortized Premium on Early Retirement of Debt                                                  |   |          | 322     |   |         |   | 478 |   |
| Deferred Regulatory Costs                                                                        |   |          | 1,790   |   |         |   | 2,527 |   |
|                                                                                             |   |          |    |   |         |   |   |   |
| Total Regulatory Assets                                                                          |   |          | 31,011  |   |         |   | 38,797 |   |
|                                                                                             |   |          |    |   |         |   |   |   |
| Other Assets:                                                                                    |   |          |    |   |         |   |   |   |
| Unamortized Debt Issuance Costs                                                                  |   |          | 74      |   |         |   | 121 |   |
| Restricted Investments (at cost, which approximates market)                                      |   |          | 203     |   |         |   | 5 |   |
| Miscellaneous Assets                                                                             |   |          | 1,362   |   |         |   | 1,506 |   |
|                                                                                             |   |          |    |   |         |   |   |   |
| Total Other Assets                                                                               |   |          | 1,639   |   |         |   | 1,632 |   |
|                                                                                             |   |          |    |   |         |   |   |   |
| Total Assets                                                                                     |   | $             | 116,130 |   |         | $      | 123,247 |   |

----

|                                                        |   | September 30, |    |   | December 31, |   |
|-------------------------------------------------------------|--------|---------------|---------|--------|--------------|--------|
|                                                        |   | 2010          |    |   | 2009         |   |
| Capitalization (see accompanying statement):                |   |          |    |   |         |   |
| Shareholders’ Equity                                  |   | $             | 44,876  |   |         | $      | 46,708 |   |
| Long-Term Debt                                              |   |          | 22,790  |   |         |   | 23,645 |   |
|                                                        |   |          |    |   |         |   |   |   |
| Total Capitalization                                        |   |          | 67,666  |   |         |   | 70,353 |   |
|                                                        |   |          |    |   |         |   |   |   |
| Current Liabilities:                                        |   |          |    |   |         |   |   |   |
| Long-Term Debt Due Within One Year                          |   |          | 1,140   |   |         |   | 1,140 |   |
| Notes Payable to Banks                                      |   |          | 1,400   |   |         |   | 4,800 |   |
| Accounts Payable                                            |   |          | 4,463   |   |         |   | 3,627 |   |
| Accounts Payable—Associated Companies                 |   |          | 29      |   |         |   | 31 |   |
| Accrued Employee Benefits                                   |   |          | 1,040   |   |         |   | 1,198 |   |
| Customer Deposits                                           |   |          | 410     |   |         |   | 310 |   |
| Taxes Accrued                                               |   |          | 410     |   |         |   | 113 |   |
| Interest Accrued                                            |   |          | 91      |   |         |   | 83 |   |
| Dividends Payable                                           |   |          | 84      |   |         |   | 84 |   |
| Unearned Revenue                                            |   |          | 54      |   |         |   | 37 |   |
|                                                        |   |          |    |   |         |   |   |   |
| Total Current Liabilities                                   |   |          | 9,121   |   |         |   | 11,423 |   |
|                                                        |   |          |    |   |         |   |   |   |
| Deferred Credits and Other Liabilities:                     |   |          |    |   |         |   |   |   |
| Accrued Removal Obligations                                 |   |          | 5,764   |   |         |   | 5,701 |   |
| Fair Value of Interest Rate Hedge                           |   |          | 5,168   |   |         |   | 3,178 |   |
| Uncollected Maine Yankee Decommissioning Costs              |   |          | 2,038   |   |         |   | 2,296 |   |
| Other Regulatory Liabilities                                |   |          | 342     |   |         |   | 1,005 |   |
| Deferred Income Taxes                                       |   |          | 18,270  |   |         |   | 20,719 |   |
| Accrued Postretirement Benefits and Pension Costs           |   |          | 5,078   |   |         |   | 6,137 |   |
| Investment Tax Credits                                      |   |          | 12      |   |         |   | 22 |   |
| Miscellaneous Liabilities                                   |   |          | 2,671   |   |         |   | 2,413 |   |
|                                                        |   |          |    |   |         |   |   |   |
| Total Deferred Credits and Other Liabilities                |   |          | 39,343  |   |         |   | 41,471 |   |
|                                                        |   |          |    |   |         |   |   |   |
| Commitments, Contingencies, and Regulatory Matters (Note 8) |   |          |    |   |         |   |   |   |
|                                                        |   |          |    |   |         |   |   |   |
| Total Capitalization and Liabilities                        |   | $             | 116,130 |   |         | $      | 123,247 |   |

----

|                                                                          |   | Common Shares                 |      |   |                        |   |   |            |   |   |              |   |
|-------------------------------------------------------------------------------|--------|-------------------------------|-----------|--------|-----------------------------|--------|--------|-----------------|--------|--------|-------------------|--------|
|                                                                          |   | Shares Issued and Outstanding |      |   | Par Value Issued ($7/Share) |   |   | Paid-In Capital |   |   | Retained Earnings |   |   | Accumulated Other Compre-hensive Income (Loss) |   |   | Total |   |
| Balance,December 31, 2009                                                     |   |                          | 1,681,924 |   |                        | $      | 11,773 |            |   | $      | 1,827             |   |   | $ | 34,995 |   |   | $ | (1,887 | ) |   | $ | 46,708 |   |
|                                                                          |   |                          |      |   |                        |   |   |            |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common Stock  Issued                                                     |   |                          | 2,025     |   |                        |   | 14     |            |   |   | 69                |   |   |   |   |   |   |   |   |   |   |   | 83 |   |
|                                                                          |   |                          |      |   |                        |   |   |            |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss                                                                      |   |                          |      |   |                        |   |   |            |   |   |              |   |   |   | (474 | ) |   |   |   |   |   |   | (474 | ) |
|                                                                          |   |                          |      |   |                        |   |   |            |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income (Loss):                                            |   |                          |      |   |                        |   |   |            |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized Gain on Investments Available for Sale, Net of Tax Provision of $4 |   |                          |      |   |                        |   |   |            |   |   |              |   |   |   |   |   |   |   | 6 |   |   |   | 6 |   |
| Changes in Value of Foreign Exchange Translation Loss                         |   |                          |      |   |                        |   |   |            |   |   |              |   |   |   |   |   |   |   | (1 | ) |   |   | (1 | ) |
| Change in Fair Value of Interest Rate Hedge, Net of Tax Provision of $796     |   |                          |      |   |                        |   |   |            |   |   |              |   |   |   |   |   |   |   | (1,194 | ) |   |   | (1,194 | ) |
|                                                                          |   |                          |      |   |                        |   |   |            |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Other Comprehensive Loss                                                |   |                          |      |   |                        |   |   |            |   |   |              |   |   |   |   |   |   |   |   |   |   |   | (1,189 | ) |
|                                                                          |   |                          |      |   |                        |   |   |            |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Comprehensive Loss                                                      |   |                          |      |   |                        |   |   |            |   |   |              |   |   |   |   |   |   |   |   |   |   |   | (1,663 | ) |
|                                                                          |   |                          |      |   |                        |   |   |            |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Dividends Paid ($0.15 per share)                                              |   |                          |      |   |                        |   |   |            |   |   |              |   |   |   | (252 | ) |   |   |   |   |   |   | (252 | ) |
|                                                                          |   |                          |      |   |                        |   |   |            |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,September 30, 2010                                                    |   |                          | 1,683,949 |   |                        | $      | 11,787 |            |   | $      | 1,896             |   |   | $ | 34,269 |   |   | $ | (3,076 | ) |   | $ | 44,876 |   |
|                                                                          |   |                          |      |   |                        |   |   |            |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| 1.   | Maine Public Service Company (“MPS”) and its wholly-owned inactive Canadian subsidiary Maine & New Brunswick Electrical Power Company, Ltd (“Me&NB”); and |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | MAM Utility Services Group (“MAM USG”), a wholly-owned United States subsidiary. |
|----------------|----------------------------------------------------------------------------------------------|

----

| (In thousands of dollars)   |   | For the Three Months Ending September 30, |   |   | For the Nine Months Ending September 30, |   |
|-----------------------------|--------|-------------------------------------------|--------|--------|------------------------------------------|--------|
|                        |   | 2010                                      |   |   | 2009                                     |   |   | 2010 |   |   | 2009 |   |
| Current income taxes        |   |                                      |   |   |                                     |   |   |   |   |   |   |   |
| Federal                     |   | $                                         | (346   | )      |                                     | $      | 169 |   |   | $ | 944 |   |   | $ | 1,856 |   |
| State                       |   |                                      | 150    |   |                                     |   | 86 |   |   |   | 402 |   |   |   | 636 |   |
| Foreign                     |   |                                      | -      |   |                                     |   | - |   |   |   | (3 | ) |   |   | (1 | ) |
|                        |   |                                      |   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |
| Total current income taxes  |   |                                      | (196   | )      |                                     |   | 255 |   |   |   | 1,343 |   |   |   | 2,491 |   |
|                        |   |                                      |   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |
| Deferred income taxes       |   |                                      |   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |
| Federal                     |   |                                      | 1      |   |                                     |   | (690 | ) |   |   | (1,408 | ) |   |   | (2,044 | ) |
| State                       |   |                                      | -      |   |                                     |   | (122 | ) |   |   | (248 | ) |   |   | (361 | ) |
|                        |   |                                      |   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |
| Total deferred income taxes |   |                                      | 1      |   |                                     |   | (812 | ) |   |   | (1,656 | ) |   |   | (2,405 | ) |
|                        |   |                                      |   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |
| Investment credits, net     |   |                                      | (3     | )      |                                     |   | (5 | ) |   |   | (10 | ) |   |   | (13 | ) |
| Total income taxes          |   | $                                         | (198   | )      |                                     | $      | (562 | ) |   | $ | (323 | ) |   | $ | 73 |   |
|                        |   |                                      |   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |
| Allocated to:               |   |                                      |   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |
| Operating income            |   |                                      |   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |
| -  Regulated      |   | $                                         | (117   | )      |                                     | $      | (467 | ) |   | $ | 470 |   |   | $ | 278 |   |
| -  Unregulated    |   |                                      | (55    | )      |                                     |   | (91 | ) |   |   | (264 | ) |   |   | (198 | ) |
|                        |   |                                      |   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating             |   |                                      | (172   | )      |                                     |   | (558 | ) |   |   | 206 |   |   |   | 80 |   |
| Other income                |   |                                      | (26    | )      |                                     |   | (4 | ) |   |   | (529 | ) |   |   | (7 | ) |
| Total                       |   | $                                         | (198   | )      |                                     | $      | (562 | ) |   | $ | (323 | ) |   | $ | 73 |   |

----

| (In thousands of dollars)                     |   |               |   |   |              |   |
|-----------------------------------------------|--------|--------------------|--------|--------|-------------------|--------|
|                                          |   | September 30, 2010 |   |   | December 31, 2009 |   |
| Seabrook                                      |   | $                  | 3,437  |   |              | $      | 3,897 |   |
| Property                                      |   |               | 13,635 |   |              |   | 12,539 |   |
| Flexible pricing revenue                      |   |               | (122   | )      |              |   | (191 | ) |
| Deferred fuel                                 |   |               | 5,331  |   |              |   | 7,513 |   |
| Pension and post-retirement benefits          |   |               | (2,011 | )      |              |   | (2,330 | ) |
| Other Comprehensive Income                    |   |               | (2,025 | )      |              |   | (1,233 | ) |
| Deferred Directors' Compensation              |   |               | (729   | )      |              |   | (546 | ) |
| Other                                         |   |               | 754    |   |              |   | 1,070 |   |
|                                          |   |               |   |   |              |   |   |   |
| Net Accumulated Deferred Income Tax Liability |   | $                  | 18,270 |   |              | $      | 20,719 |   |

| ·   | Regulated electric utility: MPS and its inactive wholly-owned Canadian subsidiary, Me&NB; |
|--------------------|-----------------------------------------------------------------------------------------------|

| ·   | Unregulated utility services: MAM USG; and |
|--------------------|--------------------------------------------|

| ·   | Other: Corporate costs directly associated with the unregulated subsidiaries, other costs not allocated to the regulated utility and inter-company eliminations. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                     |   | (In thousands of dollars)             |   |
|------------------------------------------|--------|---------------------------------------|--------|
|                                     |   | Three Months Ended September 30, 2010 |   |
|                                     |   | Regulated                             |   |   | Unregulated |   |   |   |   |
|                                     |   | ElectricUtility                       |   |   | Utility Services |   |   | Other |   |   | Total |   |
| Revenues from External Customers         |   |                                  |   |   |   |   |   |   |   |   |   |   |
| Regulated Operating Revenues             |   | $                                     | 7,887  |   |   | $ | - |   |   | $ | (17 | ) |   | $ | 7,870 |   |
| Unregulated Utility Operating Revenues   |   |                                  | -      |   |   |   | 38 |   |   |   | - |   |   |   | 38 |   |
|                                     |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Revenues                 |   |                                  | 7,887  |   |   |   | 38 |   |   |   | (17 | ) |   |   | 7,908 |   |
|                                     |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Expenses                       |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Regulated Operation & Maintenance    |   |                                  | 4,029  |   |   |   | - |   |   |   | - |   |   |   | 4,029 |   |
| Unregulated Operation & Maintenance  |   |                                  | -      |   |   |   | 155 |   |   |   | (19 | ) |   |   | 136 |   |
| Depreciation                             |   |                                  | 788    |   |   |   | 5 |   |   |   | (6 | ) |   |   | 787 |   |
| Amortization of Stranded Costs           |   |                                  | 2,583  |   |   |   | - |   |   |   | - |   |   |   | 2,583 |   |
| Amortization                             |   |                                  | 60     |   |   |   | - |   |   |   | - |   |   |   | 60 |   |
| Taxes Other than Income                  |   |                                  | 479    |   |   |   | - |   |   |   | (1 | ) |   |   | 478 |   |
| Income Taxes                             |   |                                  | (117   | ) |   |   | (57 | ) |   |   | 2 |   |   |   | (172 | ) |
|                                     |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses                 |   |                                  | 7,822  |   |   |   | 103 |   |   |   | (24 | ) |   |   | 7,901 |   |
|                                     |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Income (Loss)                  |   |                                  | 65     |   |   |   | (65 | ) |   |   | 7 |   |   |   | 7 |   |
| Other Income (Deductions)                |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in Income of Associated Companies |   |                                  | 24     |   |   |   | - |   |   |   | - |   |   |   | 24 |   |
| Other Deductions                         |   |                                  | (81    | ) |   |   | - |   |   |   | (1 | ) |   |   | (82 | ) |
|                                     |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Other Deductions                   |   |                                  | (57    | ) |   |   | - |   |   |   | (1 | ) |   |   | (58 | ) |
|                                     |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income (Loss) Before Interest Charges    |   |                                  | 8      |   |   |   | (65 | ) |   |   | 6 |   |   |   | (51 | ) |
|                                     |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest Charges                         |   |                                  | 229    |   |   |   | 4 |   |   |   | 1 |   |   |   | 234 |   |
|                                     |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net (Loss) Income                        |   | $                                     | (221   | ) |   | $ | (69 | ) |   | $ | 5 |   |   | $ | (285 | ) |

|                                     |   | (In thousands of dollars)             |   |
|------------------------------------------|--------|---------------------------------------|--------|
|                                     |   | Three Months Ended September 30, 2009 |   |
|                                     |   | Regulated                             |   |   | Unregulated |   |   |   |   |
|                                     |   | ElectricUtility                       |   |   | Utility Services |   |   | Other |   |   | Total |   |
| Revenues from External Customers         |   |                                  |   |   |   |   |   |   |   |   |   |   |
| Regulated Operating Revenues             |   | $                                     | 7,293  |   |   | $ | - |   |   | $ | (20 | ) |   | $ | 7,273 |   |
| Unregulated Utility Operating Revenues   |   |                                  | -      |   |   |   | 29 |   |   |   | - |   |   |   | 29 |   |
|                                     |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Revenues                 |   |                                  | 7,293  |   |   |   | 29 |   |   |   | (20 | ) |   |   | 7,302 |   |
|                                     |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Expenses                       |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Regulated Operation & Maintenance    |   |                                  | 4,371  |   |   |   | - |   |   |   | - |   |   |   | 4,371 |   |
| Unregulated Operation & Maintenance  |   |                                  | -      |   |   |   | 143 |   |   |   | 84 |   |   |   | 227 |   |
| Depreciation                             |   |                                  | 807    |   |   |   | 3 |   |   |   | 1 |   |   |   | 811 |   |
| Amortization of Stranded Costs           |   |                                  | 2,700  |   |   |   | - |   |   |   | - |   |   |   | 2,700 |   |
| Amortization                             |   |                                  | 42     |   |   |   | - |   |   |   | - |   |   |   | 42 |   |
| Taxes Other than Income                  |   |                                  | 441    |   |   |   | - |   |   |   | - |   |   |   | 441 |   |
| Income Taxes                             |   |                                  | (467   | ) |   |   | (48 | ) |   |   | (43 | ) |   |   | (558 | ) |
|                                     |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses                 |   |                                  | 7,894  |   |   |   | 98 |   |   |   | 42 |   |   |   | 8,034 |   |
|                                     |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Loss                           |   |                                  | (601   | ) |   |   | (69 | ) |   |   | (62 | ) |   |   | (732 | ) |
| Other Income (Deductions)                |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in Income of Associated Companies |   |                                  | 37     |   |   |   | - |   |   |   | - |   |   |   | 37 |   |
| Other Deductions                         |   |                                  | (5     | ) |   |   | - |   |   |   | (2 | ) |   |   | (7 | ) |
|                                     |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Other Income (Deductions)          |   |                                  | 32     |   |   |   | - |   |   |   | (2 | ) |   |   | 30 |   |
|                                     |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss Before Interest Charges             |   |                                  | (569   | ) |   |   | (69 | ) |   |   | (64 | ) |   |   | (702 | ) |
|                                     |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest Charges                         |   |                                  | 165    |   |   |   | 4 |   |   |   | 6 |   |   |   | 175 |   |
|                                     |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss                                 |   | $                                     | (734   | ) |   | $ | (73 | ) |   | $ | (70 | ) |   | $ | (877 | ) |
|                                     |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                     |   | (In thousands of dollars)            |    |
|------------------------------------------|--------|--------------------------------------|---------|
|                                     |   | Nine Months Ended September 30, 2010 |    |
|                                     |   | Regulated                            |    |   | Unregulated |   |   |   |   |
|                                     |   | ElectricUtility                      |    |   | Utility Services |   |   | Other |   |   | Total |   |
| Revenues from External Customers         |   |                                 |    |   |   |   |   |   |   |   |   |   |
| Regulated Operating Revenues             |   | $                                    | 25,248  |   |   | $ | - |   |   | $ | (48 | ) |   | $ | 25,200 |   |
| Unregulated Utility Operating Revenues   |   |                                 | -       |   |   |   | 72 |   |   |   | - |   |   |   | 72 |   |
|                                     |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Revenues                 |   |                                 | 25,248  |   |   |   | 72 |   |   |   | (48 | ) |   |   | 25,272 |   |
|                                     |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Expenses                       |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Regulated Operation & Maintenance    |   |                                 | 11,874  |   |   |   | - |   |   |   | - |   |   |   | 11,874 |   |
| Unregulated Operation & Maintenance  |   |                                 | -       |   |   |   | 480 |   |   |   | 175 |   |   |   | 655 |   |
| Depreciation                             |   |                                 | 2,269   |   |   |   | 12 |   |   |   | (6 | ) |   |   | 2,275 |   |
| Amortization of Stranded Costs           |   |                                 | 7,750   |   |   |   | - |   |   |   | - |   |   |   | 7,750 |   |
| Amortization                             |   |                                 | 195     |   |   |   | - |   |   |   | - |   |   |   | 195 |   |
| Taxes Other than Income                  |   |                                 | 1,447   |   |   |   | - |   |   |   | - |   |   |   | 1,447 |   |
| Income Taxes                             |   |                                 | 470     |   |   |   | (179 | ) |   |   | (85 | ) |   |   | 206 |   |
|                                     |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses                 |   |                                 | 24,005  |   |   |   | 313 |   |   |   | 84 |   |   |   | 24,402 |   |
|                                     |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Income (Loss)                  |   |                                 | 1,243   |   |   |   | (241 | ) |   |   | (132 | ) |   |   | 870 |   |
| Other Income (Deductions)                |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in Income of Associated Companies |   |                                 | 119     |   |   |   | - |   |   |   | - |   |   |   | 119 |   |
| Other Deductions                         |   |                                 | (840    | ) |   |   | - |   |   |   | (1 | ) |   |   | (841 | ) |
|                                     |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Other Deductions                   |   |                                 | (721    | ) |   |   | - |   |   |   | (1 | ) |   |   | (722 | ) |
|                                     |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income (Loss) Before Interest Charges    |   |                                 | 522     |   |   |   | (241 | ) |   |   | (133 | ) |   |   | 148 |   |
|                                     |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest Charges                         |   |                                 | 609     |   |   |   | 13 |   |   |   | - |   |   |   | 622 |   |
|                                     |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss                                 |   | $                                    | (87     | ) |   | $ | (254 | ) |   | $ | (133 | ) |   | $ | (474 | ) |
|                                     |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Assets                             |   | $                                    | 114,739 |   |   | $ | 356 |   |   | $ | 1,035 |   |   | $ | 116,130 |   |

----

|                                       |   | (In thousands of dollars)            |    |
|--------------------------------------------|--------|--------------------------------------|---------|
|                                       |   | Nine Months Ended September 30, 2009 |    |
|                                       |   | Regulated                            |    |   | Unregulated |   |   |   |   |
|                                       |   | ElectricUtility                      |    |   | Utility Services |   |   | Other |   |   | Total |   |
| Revenues from External Customers           |   |                                 |    |   |   |   |   |   |   |   |   |   |
| Regulated Operating Revenues               |   | $                                    | 24,773  |   |   | $ | - |   |   | $ | (68 | ) |   | $ | 24,705 |   |
| Unregulated Utility Operating Revenues     |   |                                 | -       |   |   |   | 577 |   |   |   | - |   |   |   | 577 |   |
|                                       |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Revenues                   |   |                                 | 24,773  |   |   |   | 577 |   |   |   | (68 | ) |   |   | 25,282 |   |
|                                       |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Expenses                         |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Regulated Operation & Maintenance      |   |                                 | 11,925  |   |   |   | - |   |   |   | - |   |   |   | 11,925 |   |
| Unregulated Operation & Maintenance    |   |                                 | -       |   |   |   | 789 |   |   |   | 180 |   |   |   | 969 |   |
| Depreciation                               |   |                                 | 2,201   |   |   |   | 9 |   |   |   | 1 |   |   |   | 2,211 |   |
| Amortization of Stranded Costs             |   |                                 | 8,101   |   |   |   | - |   |   |   | - |   |   |   | 8,101 |   |
| Amortization                               |   |                                 | 114     |   |   |   | - |   |   |   | - |   |   |   | 114 |   |
| Taxes Other than Income                    |   |                                 | 1,364   |   |   |   | - |   |   |   | - |   |   |   | 1,364 |   |
| Income Taxes                               |   |                                 | 278     |   |   |   | (91 | ) |   |   | (107 | ) |   |   | 80 |   |
|                                       |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses                   |   |                                 | 23,983  |   |   |   | 707 |   |   |   | 74 |   |   |   | 24,764 |   |
|                                       |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Income (Loss)                    |   |                                 | 790     |   |   |   | (130 | ) |   |   | (142 | ) |   |   | 518 |   |
| Other Income (Deductions)                  |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in Income of Associated Companies   |   |                                 | 98      |   |   |   | - |   |   |   | - |   |   |   | 98 |   |
| Other Deductions                           |   |                                 | (51     | ) |   |   | - |   |   |   | (2 | ) |   |   | (53 | ) |
|                                       |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Other Income  (Deductions) |   |                                 | 47      |   |   |   | - |   |   |   | (2 | ) |   |   | 45 |   |
|                                       |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income (Loss) Before Interest Charges      |   |                                 | 837     |   |   |   | (130 | ) |   |   | (144 | ) |   |   | 563 |   |
|                                       |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest Charges                           |   |                                 | 411     |   |   |   | 7 |   |   |   | 27 |   |   |   | 445 |   |
|                                       |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Income (Loss)                          |   | $                                    | 426     |   |   | $ | (137 | ) |   | $ | (171 | ) |   | $ | 118 |   |
|                                       |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Assets                               |   | $                                    | 125,347 |   |   | $ | 835 |   |   | $ | 360 |   |   | $ | 126,542 |   |
|                                       |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                         |   | Three Months Ended September 30, |      |   | Nine Months Ended September 30, |   |
|----------------------------------------------------------------------------------------------|--------|----------------------------------|-----------|--------|---------------------------------|--------|
|                                                                                         |   | 2010                             |      |   | 2009                            |   |   | 2010 |   |   | 2009 |   |
| Net (Loss) Income (in thousands)                                                             |   | $                                | (285      | )      |                            | $      | (877 | ) |   | $ | (474 | ) |   | $ | 118 |   |
| Shares Used in Computation of Earnings                                                       |   |                             |      |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Weighted-Average Common Shares Outstanding in Computation of Basic (Loss) Earnings per Share |   |                             | 1,683,949 |   |                            |   | 1,681,249 |   |   |   | 1,683,274 |   |   |   | 1,680,507 |   |
| Dilutive Effect of Common Stock Options                                                      |   |                             | -         |   |                            |   | - |   |   |   | - |   |   |   | 730 |   |
| Shares Used in Computation of (Loss) Earnings per Common Share Assuming Dilution             |   |                             | 1,683,949 |   |                            |   | 1,681,249 |   |   |   | 1,683,274 |   |   |   | 1,681,237 |   |
|                                                                                         |   |                             |      |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Net (Loss) Income per Share (Basic)                                                          |   | $                                | (0.17     | )      |                            | $      | (0.52 | ) |   | $ | (0.28 | ) |   | $ | 0.07 |   |
| Net (Loss) Income per Share (Diluted)                                                        |   | $                                | (0.17     | )      |                            | $      | (0.52 | ) |   | $ | (0.28 | ) |   | $ | 0.07 |   |

----

| (In thousands of dollars)      |   | Pension Benefits                 |   |   | Pension Benefits                |   |
|--------------------------------|--------|----------------------------------|--------|--------|---------------------------------|--------|
|                           |   | Three Months Ended September 30, |   |   | Nine Months Ended September 30, |   |
|                           |   | 2010                             |   |   | 2009                            |   |   | 2010 |   |   | 2009 |   |
| Interest cost                  |   | $                                | 266    |   |                            | $      | 271 |   |   | $ | 799 |   |   | $ | 813 |   |
| Expected return on plan assets |   |                             | (295   | )      |                            |   | (292 | ) |   | $ | (885 | ) |   |   | (876 | ) |
| Recognized net actuarial loss  |   |                             | 65     |   |                            |   | 36 |   |   | $ | 194 |   |   |   | 108 |   |
|                           |   |                             |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Net periodic benefit cost      |   | $                                | 36     |   |                            | $      | 15 |   |   | $ | 108 |   |   | $ | 45 |   |

----

| (In thousands of dollars)             |   | Health Care Benefits                  |   |   | Health Care Benefits            |   |
|---------------------------------------|--------|---------------------------------------|--------|--------|---------------------------------|--------|
|                                  |   | Three Months Ended September 30, |   |   | Nine Months Ended September 30, |   |
|                                  |   | 2010                                  |   |   | 2009                            |   |   | 2010 |   |   | 2009 |   |
| Service cost                          |   | $                                     | 17     |   |                            | $      | 49 |   |   | $ | 50 |   |   | $ | 147 |   |
| Interest cost                         |   |                                  | 41     |   |                            |   | 139 |   |   |   | 124 |   |   |   | 417 |   |
| Expected return on plan assets        |   |                                  | (45    | )      |                            |   | (38 | ) |   |   | (134 | ) |   |   | (114 | ) |
| Amortization of transition obligation |   |                                  | -      |   |                            |   | 18 |   |   |   | - |   |   |   | 54 |   |
| Amortization of prior service cost    |   |                                  | (179   | )      |                            |   | (15 | ) |   |   | (538 | ) |   |   | (45 | ) |
| Recognized net actuarial loss         |   |                                  | 64     |   |                            |   | 50 |   |   |   | 191 |   |   |   | 150 |   |
|                                  |   |                                  |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Net periodic benefit cost             |   | $                                     | (102   | )      |                            | $      | 203 |   |   | $ | (307 | ) |   | $ | 609 |   |

----

----

|                      |   | Nine Months Ended September 30, |   |
|---------------------------|--------|---------------------------------|--------|
| (In thousands of dollars) |   | 2010                            |   |   | 2009 |   |
| Equipment                 |   | $                               | 27     |   |   | $ | 28 |   |
| Rights of Way             |   |                            | 26     |   |   |   | 29 |   |
| Total                     |   | $                               | 53     |   |   | $ | 57 |   |

| ·   | Level 1 inputs:  Unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Level 2 inputs:  Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets and liabilities in active markets, as well as other observable inputs for the asset or liability, such as interest rates, foreign exchange rates, and yield curves that are observable at commonly quoted intervals. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Level 3 inputs:  Unobservable inputs for the asset or liability, typically based on an entity’s own assumptions, as there is little, if any, related market activity. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                     |                                |   | September 30, 2010 |   |   | December 31, 2009    |   |
|----------------------------------------------------------|-------------------------------------|--------|--------------------|--------|--------|----------------------|--------|
|                                                     | Consolidated Balance Sheet Location |   | Notional Amount    |   |   | Estimated Fair Value |   |   | Notional Amount |   |   | Estimated Fair Value |   |
| Interest rate derivatives designated as cash flow hedges |                                |   |               |   |   |                 |   |   |   |   |   |   |   |
| Interest rate swaps on 1996 Series Notes                 | Other Liabilities                   |   |               | 13,600 |   |                 |   | (2,921 | ) |   |   | 13,600 |   |   |   | (1,822 | ) |
| Interest rate swaps on 2000 Series Notes                 | Other Liabilities                   |   |               | 9,000  |   |                 |   | (2,247 | ) |   |   | 9,000 |   |   |   | (1,356 | ) |

|                                     |   | Weighted-Average                          |   |
|------------------------------------------|--------|-------------------------------------------|--------|
|                                     |   | Interest Received (Variable Rate on Debt) |   |   | Interest Paid (Fixed Rate on Swaps) |   |
| Interest rate swaps:                     |   |                                      |   |   |   |   |
| Interest rate swaps on 1996 Series Notes |   |                                      | 0.48   | % |   |   | 4.42 | % |
| Interest rate swaps on 2000 Series Notes |   |                                      | 0.45   | % |   |   | 4.53 | % |

----

|                |   | Gain (Loss) Recognized in Accumulated OCI |   |   | Gain (Loss) Reclassified from Accumulated OCI |   |                                                  |
|---------------------|--------|-------------------------------------------|--------|--------|----------------------------------------------------|--------|-------------------------------------------------------|
|                |   | For Nine Months Ended September 30,       |   |   | For Nine Months Ended September 30,                |   | Location of Gain (Loss) on Consolidated Statements of |
|                |   | 2010                                      |   |   | 2009                                               |   |                                                  | 2010 |   |   | 2009 |   | Operations |
| Interest Rate Swaps |   |                                      | (1,194 | )      |                                               |   | 626                                                   |   |   |   | (714 | ) |   |   | (685 | ) | Long-term Debt and Notes Payable Interest Charges |

----

----

|                                     |   | Three Months Ended September 30, |   |   | Nine Months Ended September 30, |   |
|------------------------------------------|--------|----------------------------------|--------|--------|---------------------------------|--------|
| (in thousands except per share amounts)  |   | 2010                             |   |   | 2009                            |   |   | 2010 |   |   | 2009 |   |
| (Loss) Income from Continuing Operations |   |                             |   |   |                            |   |   |   |   |   |   |   |
| Regulated Electric Utility               |   | $                                | (221   | )      |                            | $      | (734 | ) |   | $ | (87 | ) |   | $ | 426 |   |
| Unregulated Utility Services             |   |                             | (69    | )      |                            |   | (73 | ) |   |   | (254 | ) |   |   | (137 | ) |
| Other*                                   |   |                             | 5      |   |                            |   | (70 | ) |   |   | (133 | ) |   |   | (171 | ) |
| Net (Loss) Income                        |   | $                                | (285   | )      |                            | $      | (877 | ) |   | $ | (474 | ) |   | $ | 118 |   |
|                                     |   |                             |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Basic (Loss) Income Per Share            |   | $                                | (0.17  | )      |                            | $      | (0.52 | ) |   | $ | (0.28 | ) |   | $ | 0.07 |   |
|                                     |   |                             |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |

|                                                                |   | Three Months Ended |   |          | Nine Months Ended |   |
|---------------------------------------------------------------------|--------|--------------------|--------|---------------|-------------------|--------|
|                                                                |   | September 30,      |   | September 30, |              |
|                                                                |   | 2010               |   |          | 2009              |   |   | 2010 |   |   | 2009 |   |
| Net (Loss) Income — Regulated Electric Utility (In thousands) |   | $                  | (221   | )             |              | $      | (734 | ) |   | $ | (87 | ) |   | $ | 426 |   |
| (Loss) Earnings Per Share from Regulated Electric Utilities         |   | $                  | (0.13  | )             |              | $      | (0.44 | ) |   | $ | (0.05 | ) |   | $ | 0.25 |   |

----

|                              |   | Three Months Ended September 30, |   |   | Nine Months Ended September 30, |   |
|-----------------------------------|--------|----------------------------------|--------|--------|---------------------------------|--------|
|                              |   | 2010                             |   |   | 2009                            |   |   | 2010 |   |   | 2009 |   |
|                              |   | Dollars                          |   |   | MWH                             |   |   | Dollars |   |   | MWH |   |   | Dollars |   |   | MWH |   |   | Dollars |   |   | MWH |   |
| Residential                       |   | $                                | 3,655  |   |                            |   | 43,584 |   |   | $ | 3,501 |   |   |   | 41,838 |   |   | $ | 11,223 |   |   |   | 133,421 |   |   | $ | 11,399 |   |   |   | 136,010 |   |
| Large Commercial                  |   |                             | 738    |   |                            |   | 33,597 |   |   |   | 664 |   |   |   | 29,857 |   |   |   | 2,557 |   |   |   | 99,751 |   |   |   | 2,174 |   |   |   | 92,016 |   |
| Medium Commercial                 |   |                             | 1,112  |   |                            |   | 26,139 |   |   |   | 1,042 |   |   |   | 25,627 |   |   |   | 3,831 |   |   |   | 73,562 |   |   |   | 3,748 |   |   |   | 73,796 |   |
| Small Commercial                  |   |                             | 1,371  |   |                            |   | 21,169 |   |   |   | 1,292 |   |   |   | 20,069 |   |   |   | 5,111 |   |   |   | 66,586 |   |   |   | 5,099 |   |   |   | 66,535 |   |
| Other Retail                      |   |                             | 228    |   |                            |   | 855 |   |   |   | 228 |   |   |   | 855 |   |   |   | 684 |   |   |   | 2,563 |   |   |   | 683 |   |   |   | 2,561 |   |
|                              |   |                             |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Regulated Retail            |   |                             | 7,104  |   |                            |   | 125,344 |   |   |   | 6,727 |   |   |   | 118,246 |   |   |   | 23,406 |   |   |   | 375,883 |   |   |   | 23,103 |   |   |   | 370,918 |   |
|                              |   |                             |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Regulated Operating Revenue |   |                             | 783    |   |                            |   |   |   |   |   | 566 |   |   |   |   |   |   |   | 1,842 |   |   |   |   |   |   |   | 1,670 |   |   |   |   |   |
|                              |   |                             |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Regulated Revenue           |   | $                                | 7,887  |   |                            |   |   |   |   | $ | 7,293 |   |   |   |   |   |   | $ | 25,248 |   |   |   |   |   |   | $ | 24,773 |   |   |   |   |   |

|                     | Twelve Months Ended September 30,                |
|--------------------------|--------------------------------------------------|
|                     | 2010                                             |   | 2009 |
| Total Regulated Revenues |        35,613 |   |        35,278 |

----

|                                      |   | Three Months Ended September 30, |   |   | Nine Months Ended September 30, |   |
|-------------------------------------------|--------|----------------------------------|--------|--------|---------------------------------|--------|
| (In thousands of dollars)                 |   | 2010                             |   |   | 2009                            |   |   | 2010 |   |   | 2009 |   |
| Regulated Operation and Maintenance       |   |                             |   |   |                            |   |   |   |   |   |   |   |
| Labor                                     |   | $                                | 1,386  |   |                            | $      | 1,429 |   |   | $ | 4,083 |   |   | $ | 3,953 |   |
| Benefits                                  |   |                             | 209    |   |                            |   | 518 |   |   |   | 788 |   |   |   | 1,362 |   |
| Outside Services                          |   |                             | 651    |   |                            |   | 641 |   |   |   | 1,714 |   |   |   | 1,334 |   |
| Holding Company Management Costs          |   |                             | 540    |   |                            |   | 556 |   |   |   | 1,520 |   |   |   | 1,244 |   |
| Insurance                                 |   |                             | 180    |   |                            |   | 160 |   |   |   | 496 |   |   |   | 433 |   |
| Regulatory Expenses                       |   |                             | 310    |   |                            |   | 283 |   |   |   | 914 |   |   |   | 867 |   |
| Transportation                            |   |                             | 164    |   |                            |   | 137 |   |   |   | 576 |   |   |   | 513 |   |
| Maintenance                               |   |                             | 142    |   |                            |   | 127 |   |   |   | 440 |   |   |   | 436 |   |
| Rent                                      |   |                             | 51     |   |                            |   | 64 |   |   |   | 177 |   |   |   | 554 |   |
| Other                                     |   |                             | 396    |   |                            |   | 456 |   |   |   | 1,166 |   |   |   | 1,229 |   |
| Total Regulated Operation and Maintenance |   | $                                | 4,029  |   |                            | $      | 4,371 |   |   | $ | 11,874 |   |   | $ | 11,925 |   |

| §   | A reduction in benefits expense of $574,000, due to the reduction in postretirement medical expense; |
|--------------------|------------------------------------------------------------------------------------------------------|

| §   | A $377,000 decrease in rent expense associated with the treatment of leased assets; |
|--------------------|-------------------------------------------------------------------------------------|

| §   | A $380,000 increase in outside services, primarily additional tree trimming; and |
|--------------------|----------------------------------------------------------------------------------|

| §   | Holding company management costs increased $276,000, due to MPS’s $440,000 share of the deferred directors’ compensation expense, offset by reductions in other forms of common costs; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                     |   | Three Months Ended September 30, |   |   | Nine Months Ended September 30, |   |
|------------------------------------------|--------|----------------------------------|--------|--------|---------------------------------|--------|
| (In thousands of dollars)                |   | 2010                             |   |   | 2009                            |   |   | 2010 |   |   | 2009 |   |
| Stranded Costs                           |   |                             |   |   |                            |   |   |   |   |   |   |   |
| Maine Yankee                             |   | $                                | (47    | )      |                            | $      | 70 |   |   | $ | (143 | ) |   | $ | 209 |   |
| Seabrook                                 |   |                             | 384    |   |                            |   | 384 |   |   |   | 1,153 |   |   |   | 1,153 |   |
| Deferred Fuel                            |   |                             | 2,012  |   |                            |   | 2,115 |   |   |   | 6,040 |   |   |   | 6,345 |   |
| Sales Volume Reconciliation              |   |                             | 278    |   |                            |   | - |   |   |   | 834 |   |   |   | - |   |
| Special Discounts Reconciliation         |   |                             | (53    | )      |                            |   | - |   |   |   | (227 | ) |   |   | - |   |
| Generation Asset Transition Cost True-Up |   |                             | 20     |   |                            |   | - |   |   |   | 59 |   |   |   | - |   |
| Special Discounts                        |   |                             | (11    | )      |                            |   | 131 |   |   |   | 34 |   |   |   | 394 |   |
| Total Stranded Costs                     |   | $                                | 2,583  |   |                            | $      | 2,700 |   |   | $ | 7,750 |   |   | $ | 8,101 |   |

----

|                                             |   | Three Months Ended September 30, |   |   | Nine Months Ended September 30, |   |
|--------------------------------------------------|--------|----------------------------------|--------|--------|---------------------------------|--------|
|                                             |   | 2010                             |   |   | 2009                            |   |   | 2010 |   |   | 2009 |   |
| Revenue                                          |   | $                                | 38     |   |                            | $      | 29 |   |   | $ | 72 |   |   | $ | 577 |   |
| Direct Expenses                                  |   |                             | 39     |   |                            |   | 17 |   |   |   | 54 |   |   |   | 371 |   |
| Gross (Loss) Profit                              |   |                             | (1     | )      |                            |   | 12 |   |   |   | 18 |   |   |   | 206 |   |
| Other Expenses                                   |   |                             | (95    | )      |                            |   | (100 | ) |   |   | (338 | ) |   |   | (337 | ) |
| Common Corporate Costs and Facilities Charges    |   |                             | (30    | )      |                            |   | (33 | ) |   |   | (113 | ) |   |   | (97 | ) |
| Income Tax Benefit                               |   |                             | 57     |   |                            |   | 48 |   |   |   | 179 |   |   |   | 91 |   |
| Net Loss — Unregulated Utility Services    |   | $                                | (69    | )      |                            | $      | (73 | ) |   | $ | (254 | ) |   | $ | (137 | ) |
|                                             |   |                             |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Loss Per Share from Unregulated Utility Services |   | $                                | (0.04  | )      |                            | $      | (0.04 | ) |   | $ | (0.15 | ) |   | $ | (0.08 | ) |

|                                                                 |   | Three Months Ended |   |          | Nine Months Ended |   |
|----------------------------------------------------------------------|--------|--------------------|--------|---------------|-------------------|--------|
|                                                                 |   | September 30,      |   | September 30, |              |
|                                                                 |   | 2010               |   |          | 2009              |   |   | 2010 |   |   | 2009 |   |
| Net Income (Loss) — Other Continuing Operations (in thousands) |   | $                  | 5      |          |              | $      | (70 | ) |   | $ | (133 | ) |   | $ | (171 | ) |
| Income (Loss) Per Share from Other Continuing Operations             |   | $                  | 0.00   |          |              | $      | (0.04 | ) |   | $ | (0.08 | ) |   | $ | (0.10 | ) |

----

|   |   |
|--------|--------|

----

----

----

| ·   | Exhibit 31.1 Rule 13a-14(a)/15d-14(a) Certification |
|--------------------|-----------------------------------------------------|

| ·   | Exhibit 31.2 Rule 13a-14(a)/15d-14(a) Certification |
|--------------------|-----------------------------------------------------|

| ·   | Exhibit 32 Certification of Financial Reports Pursuant to 18 USC Section 1350 |
|--------------------|-------------------------------------------------------------------------------|

----

----

----