Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-11
Explain Plansfor
Extension Facilities
Central Maine Power


cilities Of the Central Maine Power
Company were explained to the
Maine Public Utilities Commission
at it's offices at the State House
Thursday morning when hearing was
held on the application Of the power
company asking for authority to is
sue $5,500,O00 in five percent bonds
and $1,000,000 of seven percent pre-
ferred stock.
OF the bonds, 100000 are for re-
funding the Central Maine seven per-
cent bonds and the commission was
asked to defer action on the S3,000,-
900 at this time. $2.500.000 Of the
bonds were for construction pur-
poses, Everett H. Maxcy, counsel for
the c. NJ. p. Company, explained.
The company estimates its require
ments for the year as about $780,
600. which is the total amount of Sc
curitieS presently asked for. Mr.
Maxcy showed to the commission a
sum of approximately 100000 which
had been spent and against which nc
securities of any kind had been is
sued. q
He explained that the company
plans the following expenditures:
100000 Office Building for Augusta
The construction of an office
building In the city of Augusta or
the Bradbury property, so-called, or
| Green street, at total cost of ap-
proXimately 100000; the expenditure
Of approximately $1,500,000 for rura
| line extensions. cit was stated be-
! fore the commission that the COM
pany desired to cooperate with the
commission to the fullest extent ir
determining the lines to be built, and
Chairman Quincy of the commission
requested that President Walter wy
man be invited to confer with then
! On this matter at an early date.)
Another item was for 100000 fol-
transmission lines from the new Gull
| Island development to the Rockland
district in Knox county.
| Cement Mills May Use Half Outpu'
Gulf Island Power
Attorney MaXcy stated that it Is
almost certain that there will imme.
| diately be erected in Knox county
| two large cement plants, each OF
j which will use from four to si1
| thousand horse power. 1t is be-
! lieved that construction will com
mence on at least one of these bis
! plants within the next 80 days.
If these plants are to use electri.
cal energy from the Central Maine
system" declared Mr.. Maxcy, II will
state that in order to supply theil
needs 1t will be necessary to build {
duplicate high tension line from
! Gulf Island. so-called, to Rockland
I Duplicating the $4,000 volt line which
already exists. or to reconstruct tn
| present line to enable it to handl,
energy at a village of 66,000." II,
! went on: ITO do this would cost IL
the neighborhood of half million
dollars. as the present right-of- wa,
| GO feet wide) would have to be con
siderably widened in case a secon,
| line of poles was strung. It is in
teresting to note" he added, that tn,
| l2,000 horse power planned to b,
used by the two cement plants
equals practically one-half the ca
paciyt of the Gulf Island Develop
| ment."
Demand for Power Closely Follows
| Developments
An interesting sidelight on thu
power situation in Maine at the pres
ent time was brought out at thi.
| point in the hearing, Mr., Make,
making the following statement il
| regard to the policy of expansion be.
ing followed by the company: "Many
| people were skeptical at the outset OF
! several of the projects instituted BY
this company" he said. "They won.
! dered where the demand for power
was to come from. In several in.
stances it did not appear to exist, but
In practically every case t odate, i'm
mediately upon the development o.
the power a demand has at once
been created for 1t, in some cases ir
excess OF the company's expecta.
tions."
Chairman Charles Quincy suggest.
ed that the hearing be postponed
pending examination Of the data
relative to securities submitted by
Mr.. Maxcy, and stated that second
hearing would be held next Monday
at 10 A. NJ,