Exhibit 99-2




                                    FORM 11-K
             FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS
               AND SIMILAR PLANS PURSUANT TO SECTION 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

(Mark One)
[X]   ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934

For the fiscal years ended                 December 31, 1999
                           -------------------------------------------------

[  ]  TRANSITION REPORT PURSUANT TO SECTION 15 (d) OF THE SECURITIES
      EXCHANGE ACT OF 1934

For the transition period from                    to
                               -------------------------------------------
Commission file number
                      ----------------------------------------------------

A.   Full title of the plan and the address of the plan, if different  from that
     of the issuer named below:

                           CENTRAL MAINE POWER COMPANY
                      EMPLOYEE SAVINGS AND INVESTMENT PLAN
                               FOR UNION EMPLOYEES

B.   Name of issuer of the securities  held pursuant to the plan and the address
     of its principal executive office:

                                 CMP GROUP, INC.
                                 83 EDISON DRIVE
                              AUGUSTA, MAINE 04336


<PAGE>

                                                   Central Maine Power Company
                                                      Form 11-K - Year 1999

                           Central Maine Power Company
                      Employee Savings and Investment Plan

                               For Union Employees

                              REQUIRED INFORMATION

The following financial statements shall be furnished for the plan:

                                                                   Page No.

(a)  Financial Statements

     Report of Independent Public Accountants                        F-1

     Statements of Net Assets Available for Benefits                 F-2

     Statement of Changes in Net Assets Available for Benefits       F-3

     Notes to Financial Statements                             F-4 through F-11

     Supplemental Schedules:
        I - Schedule of Assets Held for Investment              S-1 through S-2
            Purposes at December 31, 1999

(b)  Exhibits

     Consent of Independent Public Accountants                       E-1

     Signature                                                       E-2


Certain  supplemental  schedules  required by the  regulations  of the  Employee
Retirement  Income  Security Act of 1974 have been omitted  because they are not
required or are not applicable.


<PAGE>


                        Report of Independent Accountants

To the  Participants  and  Administrator of Central Maine Power Company Employee
Savings and Investment Plan for Union Employees

In our opinion, the accompanying statements of net assets available for benefits
and the  related  statements  of changes in net assets  available  for  benefits
present fairly, in all material respects,  the net assets available for benefits
of Central Maine Power Company  Employee  Savings and Investment  Plan for Union
Employees  (the  "Plan") at December  31, 1999 and 1998,  and the changes in net
assets available for benefits for the year ended December 31, 1999 in conformity
with  accounting  principles  generally  accepted  in the United  States.  These
financial  statements  are the  responsibility  of the  Plan's  management;  our
responsibility  is to express an opinion on these financial  statements based on
our audits.  We conducted  our audits of these  statements  in  accordance  with
auditing  principles  generally accepted in the United States which require that
we plan and perform the audit to obtain  reasonable  assurance about whether the
financial  statements  are free of  material  misstatement.  An  audit  includes
examining,  on a test basis,  evidence supporting the amounts and disclosures in
the  financial   statements,   assessing  the  accounting  principles  used  and
significant  estimates made by management,  and evaluating the overall financial
statement  presentation.  We believe that our audits provide a reasonable  basis
for the opinion expressed above.

Our audits  were  conducted  for the  purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental  schedule of assets held
for investment  purposes is presented for the purpose of additional analysis and
is not a required part of the basic  financial  statements but is  supplementary
information  required by the  Department  of Labor's Rules and  Regulations  for
Reporting and Disclosure  under the Employee  Retirement  Income Security Act of
1974. This supplemental schedule is the responsibility of the Plan's management.
The supplemental  schedule has been subjected to the auditing procedures applied
in the audits of the basic financial  statements and, in our opinion,  is fairly
stated in all material  respects in relation to the basic  financial  statements
taken as a whole.

PricewaterhouseCoopers LLP
June 23, 2000

<PAGE>

                                                    Central Maine Power Company
                                                       Form 11-K - Year 1999

                           Central Maine Power Company
                      Employee Savings and Investment Plan

                               For Union Employees

                 Statements of Net Assets Available for Benefits

                                                      As of December 31,
                                                   1999               1998
                                                   ----               ----
Assets:
   Investments at Fair Value:
      Participant Directed Funds              $33,325,121         $34,613,482
      Central Maine Power Company Stock Fund    7,788,736           6,341,558
      Loans Due from Participants                 984,528           1,064,342
                                               ----------          ----------
         Total Investments                     42,098,385          42,019,382

   Receivables:
      Dividends on Company Stock                   65,964              69,184
      Accrued Interest                              1,201                 846
                                               ----------          ----------
         Total Receivables                         67,165              70,030
                                               ----------          ----------
         Total Assets                          42,165,550          42,089,412
                                               ----------          ----------
Liabilities:
      Accounts Payable                           (151,283)           (300,843)
                                               ----------          ----------
         Total Liabilities                       (151,283)           (300,843)
                                               ----------          ----------

Net Assets Available for Benefits             $42,014,267         $41,788,569
                                               ==========          ==========

The accompanying notes are an integral part of these financial statements.

<PAGE>
<TABLE>
<S>                                                 <C>                <C>                 <C>                  <C>
                                                  Central Maine Power Company
                                                      Form 11-K - Year 1999

                           Central Maine Power Company
                      Employee Savings and Investment Plan

                              For Union Employees

            Statement of Changes in Net Assets Available for Benefits
                      For the Year Ended December 31, 1999

                                                                   Central Maine
                                                 Participant           Power            Loans Due
                                                  Directed            Company             from
                                                    Funds            Stock Fund       Participants          Total
                                                 -----------       -------------      ------------          -----
Additions:
    Investment Income
      Net Appreciation
       on Fair Market Value                        $ 3,476,091        $2,152,333     $        -            $  5,628,424
      Dividend on Company Stock                         -                254,676              -                 254,676
      Interest and Dividends                         2,203,167           -                    -               2,203,167
      Interest on Loans                                 63,282             3,143              -                  66,425
    Contributions
      Participants'                                  1,847,989            69,219              -               1,917,208
      Employer's                                        -                734,212              -                 734,212
                                                    ----------         ---------          --------           ----------
        Total Additions                              7,590,529         3,213,583              -              10,804,112
Deductions:
    Benefits Paid to participants (Note 1)          (1,159,136)         (108,870)          (33,234)          (1,301,240)
    Loan Repayments                                    396,543            22,435          (418,978)             -
    Loan Withdrawals                                  (557,520)          (63,586)          621,106              -
    Net Transfers (Note 1)                          (7,418,072)         (902,038)         (248,708)          (8,568,818)
                                                    ----------         ---------          --------           ----------

      Net Increase Prior to Transfer                (1,147,656)        2,161,524           (79,814)             934,054

Interplan Transfers                                   (616,774)          (91,582)             -                (708,356)
Interfund Transfers                                    476,069          (476,069)             -                 -
                                                    ----------         ---------         ---------           ----------
    Net Increase (Decrease)                         (1,288,361)        1,593,873           (79,814)             225,698

Net Assets Available for Benefits:
    Beginning of Year                               34,613,482         6,110,745         1,064,342           41,788,569
                                                    ----------         ---------         ---------           ----------

    End of Year                                    $33,325,121        $7,704,618        $  984,528          $42,014,267
                                                    ==========         =========         =========           ==========

The accompanying notes are an integral part of these financial statements.
</TABLE>
<PAGE>

                                                  Central Maine Power Company
                                                      Form 11-K - Year 1999

                           Central Maine Power Company
                      Employee Savings and Investment Plan

                             For Union Employees

                          Notes to Financial Statements
                                December 31, 1999

1.   Plan Developments
     -----------------

     CMP Group is a holding company organized  effective September 1, 1998 which
     owns all of the common stock of Central Maine Power Company (the "Company")
     and the former  non-utility  subsidiaries  of the  Company.  As part of the
     reorganization,  all of the  shares  of the  Company's  common  stock  were
     converted  into an equal  number  of  shares  of CMP  Group.  Shares of the
     Central  Maine  Power  Company  Stock  Fund  ("CMP  Co.  Stock  Fund"),  an
     investment  option of the Central Maine Power Company  Employee Savings and
     Investment Plan for Union Employees ("the Plan" or "the Union Plan"),  were
     converted to an equal number of CMP Group shares as a result of the above.

     On April 7,  1999,  the  Company  sold  most of its  generating  assets  to
     Florida-based  FPL Group.  Concurrent  with the sale,  some Union employees
     became  employees  of FPL  Group and most  transferred  their  savings  and
     investment  accounts out of the Plan.  Transfers into the FPL Group plan by
     employees,  totaling 130, who acquired similar  employment within FPL Group
     amounted to $8,314,970  and are reflected in the net transfers  line of the
     statement of changes in net assets  available  for  benefits.  Furthermore,
     certain  employees,  who  transferred  to FPL  Group,  but did not  acquire
     similar employment within FPL Group, received lump sum distributions. These
     distributions  are  reflected in the benefits paid line of the statement of
     changes in net assets available for benefits.

     On June 14, 1999,  CMP Group  entered into a merger  agreement  with Energy
     East Corporation.  The merger has received approval from shareholders,  the
     Maine Public  Utilities  Commission,  the U.S.  Department of Justice,  the
     Federal Trade Commission,  Federal Communications  Commission,  the Nuclear
     Regulatory  Commission,  and the Connecticut DPUC. SEC approval is pending.
     When the merger becomes effective, all outstanding shares of CMP stock will
     be purchased at $29.50 a share.  Proceeds from the sale of stock within the
     CMP Stock Fund will be placed in the money  market fund until  participants
     redirect their monies to other investment options within the plan.

2.   Description of the Plan
     -----------------------

     The Union Plan was  adopted  by the Board of  Directors  of the  Company on
     November 15, 1984 and became effective  January 1, 1985.  Certain pertinent
     features of the Plan, as amended, are discussed below.

     a.   Eligibility of Participants

          Each employee of the Company who is in a unit of employees  covered by
          a collective  bargaining  agreement is eligible to join the Plan after
          completing one year of service during which the employee has worked at
          least 1,000 hours.

<PAGE>


2.   Description of the Plan (continued)
     -----------------------

     b.   Elective Contributions by Participants

          Each  participant   elects  a  salary   reduction   percentage  to  be
          contributed by the Company on his/her behalf.  Participants  may elect
          to have the Company  contribute from 2% to 16% (in multiples of 1%) of
          their  base  compensation  to the  Plan  through  a  salary  reduction
          agreement.  Effective May 2000, the maximum contribution was increased
          to 18%.

     c.   Matching Contributions by the Company

          The  Company  contributed  to the Plan an  amount  equal to 60% of the
          first 5% of the salary  reduction  plus 50% of the next 2% for a total
          match of 4% on a 7% salary reduction amount,  provided,  however, that
          the total  contribution  that the Company is obligated to make for any
          year does not exceed the maximum amount  deductible from the Company's
          gross income under applicable provisions of the Internal Revenue Code.
          In 1999 these  provisions  limited  the annual  employee  contribution
          excluded   from  taxable   income  to  the  lesser  of  25%  of  total
          compensation or $10,000.  The Company's matching  contribution is made
          each week, coincidentally with the payroll cycle, during each year and
          is paid in full as of the date the Company  files its  federal  income
          tax return for that year.

     d.   Vesting

          Participants  are  100%  vested  in  their  account   balances.   Each
          participant's  account  consists  of  his/her  contributions  and  any
          rollover money, the matching Company contribution and any net earnings
          thereon.

     e.   Investment Options

          All  contributions  made under the Plan are subject to a master  trust
          that also contains the assets of one other savings and investment plan
          of the Company and its affiliated companies. At December 31, 1999, the
          Plan's  interest in investments in the master trust was  approximately
          29%.  Effective  January 1,  1998,  six new funds were added and three
          funds were eliminated, bringing the total number of investment options
          to  thirteen.  Contributions  are  invested by the  Trustee,  Fidelity
          Management Trust Company,  based upon participant  election, in one or
          more of thirteen  funds.  Those  assets  which  consist of shares of a
          registered  investment entity are invested directly into a participant
          account,  which is  credited  periodically  to  reflect  the  earnings
          thereon.  Those  assets  invested  in  the  CMP  Co.  Stock  Fund  are
          commingled  with the assets of one  additional  savings and investment
          plan of the Company.  The  earnings  related to the CMP Co. Stock Fund
          are allocated  prorata  between the two plans based on market value of
          CMP

<PAGE>

2.   Description of the Plan (continued)
     -----------------------

     e.   Investment Options (continued)

          Group common shares held by each plan.  Contributions to all Funds may
          be  invested  temporarily  in  short-term  investments  prior  to  the
          purchase of the primary Fund securities.

          All Company matching  contributions are initially  invested in the CMP
          Co. Stock Fund. Dividends,  interest and other distributions  received
          on the assets held in each Fund are reinvested in the respective Fund.
          Participants   may   transfer   all  or  a  portion  of  the   Company
          contributions made on their behalf out of the CMP Co. Stock Fund.

          Upon  enrollment,  participants  elect  the  Fund or Funds in which to
          invest  their  contributions.  The  percentage  of such  contributions
          invested in a particular  Fund must be a multiple of 1%.  Participants
          may change the investment of their future  contributions (in multiples
          of 1% of such  contributions)  or transfer a portion  from one Fund to
          another. Changes and transfers can be made at any time.

          The Funds consist of:

          Retirement   Government  Money  Market  Portfolio  -  An  income  fund
          comprised  of  short-term,  high-quality  debt  obligations  issued or
          guaranteed by the U.S. Government, its agencies or instrumentalities.

          Fidelity Balanced Fund - A diversified fund comprised of high-yielding
          securities, including common stocks and bonds.

          Fidelity  Magellan Fund - A fund  comprised  primarily of common stock
          and  securities   convertible   into  common  stock  seeking   capital
          appreciation.

          Spartan  U.S.  Equity Index Fund - A fund  comprised of common  stock,
          which  attempts to duplicate the  composition of the Standard & Poor's
          Daily  Stock  Price Index of 500 Common  Stocks.  The fund  presents a
          passive  approach for investing in a  diversified  portfolio of common
          stocks.

          Fixed Income  Contract  Portfolio - A  fixed-income  fund comprised of
          investments  yielding  a fixed  rate of  return,  as  selected  by the
          Trustee, issued mainly by insurance companies and banks. Certain fixed
          income contracts were previously placed under conservatorship and as a
          result, this fund was closed to new investments effective May 1, 1996.
          Final  distributions  from these  contracts  were received in 1998 and
          1999 and this fund ceased to exist as of January 1, 1999.

<PAGE>

2.   Description of the Plan (continued)
     -----------------------

     e.   Investment Options (continued)

          Asset Manager Growth Fund - This fund seeks to maximize a total return
          over  the long  term;  the  Fund  allocates  its  assets  among  three
          principal  asset classes:  stocks,  bonds and short-term  instruments.
          However,   it  may  invest  in many  types  of  domestic  and  foreign
          securities.

          Central  Maine  Power  Company  Stock Fund - A fund  comprised  of the
          common shares of CMP Group,  the parent company of Central Maine Power
          Company.

          PIMCO Total  Return  Bond Fund - This fund is an  open-end  management
          investment  company  consisting  of  twenty-four  separate  investment
          portfolios. Each fund has its own investment objectives and policies.

          MAS  Value  Fund  -  This  is a  no-load  mutual  fund  consisting  of
          twenty-six  portfolios.  This fund  also  offers  Institutional  Class
          Shares and Investment Class Shares.

          Neuberger & Berman  Genesis Trust - The  investment  objective of this
          fund is to seek capital  appreciation.  This fund invests primarily in
          common stock of companies with small market capitalizations.

          Vanguard  PRIMECAP - This is an open-end  diversified  investment that
          seeks to provide long-term growth of capital by investing  principally
          in common stocks.

          Invesco  Total Return - This fund seeks to achieve a high total return
          on  investment  through  capital  appreciation  and current  income by
          investing in a combination of equity securities  (consisting of common
          stocks and, to a lesser  degree,  securities  convertible  into common
          stock) and fixed income securities.

          Fidelity  Diversified  International - This fund invests  primarily in
          stocks of companies  located outside the U.S. that are included in the
          Morgan Stanley EAFA Index. Seeks stocks that are undervalued  compared
          to industry norms in their countries.

     f.   Withdrawals and Distributions

          A participant may elect to make a regular  withdrawal of up to 100% of
          the value of his/her  contributions  made  prior to July 1, 1985,  and
          earnings  thereon  (but not less  than $500  unless  the value of such
          participant's contributions and earnings thereon total less than $500,
          in which  case such total may be  withdrawn),  after  approval  by the
          Employee  Savings  and  Investment  Plan  Committee.  Only one regular
          withdrawal  may be  made  in any  year.  The  minimum  withdrawal  was
          increased to $1,000 effective May 1, 2000.

<PAGE>

2.   Description of the Plan (continued)
     -----------------------

     f.   Withdrawals and Distributions (continued)

          Withdrawals with respect to  contributions  made subsequent to July 1,
          1985 may be made only for reasons of hardship. With the consent of the
          Company's   Employee   Savings  and  Investment  Plan   Committee,   a
          participant may elect to make a hardship withdrawal,  as determined in
          accordance with the Plan provisions, of up to 100% his/her account.

          Distributions  made from the Funds occur as a result of termination of
          employment, death, retirement or permanent disability no later than 60
          days  after  the  end  of  the  Plan  year,   unless   under   certain
          circumstances retiring or disabled participants elect otherwise.

     g.   Participants Loans

          Participants  may, in general,  borrow in the  aggregate not more than
          50% of their account  balances,  subject to a maximum loan of $50,000.
          Loans bear  interest at a rate equal to the  current  rate of interest
          being  charged by the Central Maine Power  Company  Employees  Federal
          Credit Union for loans  secured by share  account  balances.  Interest
          rates on loans  outstanding at year end range from 7.25% to 8.00%. The
          maximum  term of the loans is  generally  five  years,  or longer  for
          mortgages,   with  borrowed   funds  being  repaid   through   payroll
          deductions.

     h.   Expenses

          All expenses of  administration of the Plan,  including  Trustee's and
          record keeper's fees, are paid by Central Maine Power Company.

3.   Summary of Significant Accounting Policies
     ------------------------------------------

     a.   Basis of Accounting

          The financial  statements  of the Plan are prepared  under the accrual
          method of accounting.

     b.   Use of Estimates

          The preparation of the Plan's financial  statements in conformity with
          generally   accepted   accounting   principles   requires   the   plan
          administrator  to make  significant  estimates  and  assumptions  that
          affect the reported  amounts of net assets  available  for benefits at
          the date of the  financial  statements  and the  changes in net assets
          available  for  benefits   during  the  reporting   period  and,  when
          applicable,  disclosure of contingent  assets and  liabilities  at the
          date of the  financial  statements.  Actual  results could differ from
          those estimates.

<PAGE>

3.   Summary of Significant Accounting Policies (continued)
     ------------------------------------------

     c.   Risks and Uncertainties

          The Plan provides for various investment options in any combination of
          stocks,  fixed income  securities,  mutual funds, and other investment
          securities.  Investment  securities are exposed to various risks, such
          as interest  rate,  market and credit risks.  Due to the level of risk
          associated  with  certain  investment  securities,   it  is  at  least
          reasonably  possible that changes in values of  investment  securities
          will  occur in the near term and that such  changes  could  materially
          affect participants'  account balances and the amounts reported in the
          statement of net assets  available  for benefits and the  statement of
          changes in net assets available for benefits.

     d.   Investment Valuation and Income Recognition

          The Plan's investments are stated at fair value.  Shares of registered
          investment   companies  are  valued  at  quoted  market  prices  which
          represent  the net asset value of shares held by the Plan at year end.
          Participant loans are valued at cost, which approximates fair value.

          Purchases and sales of securities are recorded on a trade-date  basis.
          Interest  income is  recorded  on the  accrual  basis.  Dividends  are
          recorded on the ex-dividend date.

     e.   New Accounting Standard

          During  September  1999,  the American  Institute of Certified  Public
          Accountants'  (AICPA) Accounting  Standards Executive Committee issued
          Statement of Position  (SOP) 99-3,  "Accounting  for and  Reporting of
          Certain Defined  Contribution  Plan  Investments and Other  Disclosure
          Matters." This SOP  eliminates the  requirement to present in columnar
          format separate investment fund information and amends the AICPA Audit
          and  Accounting  Guide.  It is effective for plan years after December
          15, 1999, with earlier adoption  encouraged.  The Plan has adopted the
          SOP for the  plan  year  ended  December  31,  1999.  The  prior  year
          financial  statements  have also been  restated  to conform to the new
          presentation.

4.   Related Party Transactions
     --------------------------

     Certain Plan  investment  options are shares of mutual funds managed by the
     Trustee and CMP Group common stock.  Therefore,  these transactions qualify
     as party-in-interest transactions.

<PAGE>

5.   Investments
     -----------

     The  following  investments  represent  5% or more of the total net  assets
     available for plan benefits at December 31, 1999:

                               Description                       Amount
                               -----------                       ------

     Retirement Government Money Market Portfolio               $3,028,731
     Fidelity Balanced Fund*                                    $2,809,460
     Fidelity Magellan Fund*                                   $10,549,805
     Spartan U.S. Equity Index Fund*                           $10,903,566
     Asset Manager Growth Fund*                                 $2,398,054
     Central Maine Power Company Stock Fund*/**                 $7,788,736

       *Represents a party-in-interest to the Plan.
     **Nonparticipant-directed.

     During 1999,  the Plan's  investments  appreciated  in value by $5,628,424,
     which included gains and losses on investments  bought and sold, as well as
     unrealized  appreciation/depreciation  on  investments  held at  year  end.
     Appreciation is as follows:

                        Mutual funds              $3,476,091

                        Common Stock               2,152,333
                                                   ---------
                                                  $5,628,424
                                                   =========
6.   Plan Termination
     ----------------

     Although  it has not  expressed  any intent to do so, the  Company  has the
     right under the Plan to discontinue  its  contributions  at any time and to
     terminate the Plan subject to the provisions of ERISA.

7.   Federal Income Taxes
     --------------------

     The Internal Revenue Service determined and informed the Company sponsor by
     letter dated February 10, 1995,  that the Plan is qualified and the related
     trust  established  under  the Plan is  tax-exempt,  under  the  applicable
     sections of the Internal  Revenue  Code.  The Plan has been  amended  since
     receiving the determination letter. However, the Plan administrator and the
     Plan's tax counsel  believe that the Plan is  currently  designed and being
     operated  in  compliance  with the  applicable  requirements  of the  Code.
     Therefore,  they believe that the Plan was  qualified and the related trust
     was tax-exempt as of the financial statement date.


<PAGE>


7.   Federal Income Taxes (continued)
     --------------------

     Elective  contributions  to the  Plan  made by the  Company  on  behalf  of
     employees  are not subject to federal  income taxes  currently,  as long as
     these  contributions are below the maximum level derived in accordance with
     Section 401(k)  regulations.  Contributions  and earnings  thereon will, in
     general,  be  taxable  upon  distribution,  although  rules  providing  for
     additional  deferral  may apply with  respect to certain  distributions  of
     Company stock.

8.   Differences with Form 5500
     --------------------------

     Differences between the information  contained in the financial  statements
     and Form 5500 are primarily related to differences in  classification.  The
     Form 5500 does not provide the detailed information of balances or earnings
     related to assets held in the master trust.

<PAGE>
<TABLE>
<S>                                                               <C>               <C>
                                                    Central Maine Power Company
                                                       Form 11-K - Year 1999
                                                            Schedule I
                                                            Page 1 of 2

                           Central Maine Power Company
                      Employee Savings and Investment Plan

                             For Union Employees (A)

                 Schedule of Assets Held for Investment Purposes
                              At December 31, 1999

                                        Name of Issuer                               Market
     Fund                             and Title of Issue            Cost              Value
     ----                             ------------------            ----             ------

Retirement Government Money Market Fund                                           $ 12,106,385
Fidelity Balanced Fund*                                                              9,029,098
Fidelity Magellan Fund*                                                             36,577,241
Spartan U.S. Equity Index Fund*                                                     37,140,977
Asset Manager Growth Fund*                                                           8,140,266
PIMCO Total Return Bond Fund                                                         1,618,599
MAS Value Fund                                                                         621,697
Neuberger & Berman Genesis Trust                                                     1,661,211
Vanguard PRIMECAP                                                                    7,806,938
Invesco Total Return                                                                   828,616
Fidelity Diversified International*                                                  3,362,839

Central Maine Power Company Stock Fund**

         CMP Group Shares*                                        $15,837,197       22,610,959
         Fidelity U.S. Government Reserve Pool (at par value)*      1,189,384        1,189,384
                                                                   ----------      -----------
           Total CMP Stock Fund                                   $17,026,581       23,800,343
                                                                   ----------      -----------
           Total Investments All Funds                                             142,694,210

Participant Loans (interest rates range from 7.25% to 8.00%,
maturity dates are generally within 5 years.)                                        2,475,107
                                                                                   -----------
           Total                                                                  $145,169,317
                                                                                   ===========
 *Parties in interest to the plan.
**Nonparticipant-directed.
</TABLE>
<PAGE>

                                                    Central Maine Power Company
                                                       Form 11-K - Year 1999
                                                            Schedule I
                                                            Page 2 of 2

                           Central Maine Power Company
                      Employee Savings and Investment Plan

                               For Union Employees

                        Notes to Schedule I - Investments

(A)    The investments of the Central Maine Power Company  Employee  Savings and
       Investment Plan for Union Employees are commingled in a master trust with
       the  investments  of one  other  employee  savings  and  investment  plan
       maintained  by the Company and its  affiliates.  Schedule I presents  the
       consolidated  investments of both plans.  This Plan's share of the pooled
       investments is as follows:

                                                                 Market/Contract
                                                      Cost            Value
                                                      ----       ---------------

      Retirement Government Money Market Portfolio                 $ 3,028,731
      Fidelity Balanced Fund*                                        2,809,460
      Fidelity Magellan Fund*                                       10,549,805
      Spartan U.S. Equity Index Fund*                               10,903,566
      Asset Manager Growth Fund*                                     2,398,054
      PIMCO Total Return Fund                                          281,486
      MAS Value Fund                                                   155,784
      Neuberger & Berman Genesis                                       368,946
      Vanguard PRIMECAP                                              2,082,202
      Invesco Total Return                                             217,973
      Fidelity Diversified International*                              529,114
      Central Maine Power Company Stock Fund*/**   $5,182,772        7,788,736
      Loans Due from Participants                                      984,528
                                                                    ----------
             Total                                                 $42,098,385
                                                                    ==========
      *Parties in interest to the plan.
      **Nonparticipant-directed.

<PAGE>


                       CONSENT OF INDEPENDENT ACCOUNTANTS

We  hereby  consent  to the  incorporation  by  reference  in  the  Registration
Statement  on Form S-8 (No.  33-44754)  of Central  Maine  Power  Company of our
report dated June 23, 2000 relating to the  financial  statements of the Central
Maine Power Company  Employee  Savings and Investment Plan for Union  Employees,
which appears in this Form 11-K.

PricewaterhouseCoopers LLP

Portland, ME
June 28, 2000


<PAGE>

                                                    Central Maine Power Company
                                                       Form 11-K - Year 1999



                           Central Maine Power Company
                      Employee Savings and Investment Plan

                               For Union Employees

                                    SIGNATURE

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
trustees (or other persons who administer  the employee  benefit plan) have duly
caused this annual report to be signed on its behalf by the undersigned hereunto
duly authorized.

                     Central Maine Power Company Employee Savings
                     and Investment Plan for Union Employees
                     --------------------------------------------
                                      (Name of Plan)



                     /s/Michael W. Caron
                     Michael W. Caron, Comptroller
                     (Chief Accounting Officer and Duly Authorized
                     Officer)




                     CMP Group, Inc



                     /s/Arthur W. Adelberg
                     Arthur W. Adelberg, Executive Vice President
                     and Chief Financial Officer
                     (Principal Financial Officer and Duly Authorized
                     Officer)


Date:  June 30, 2000