EAS Energy East Corp

PRESQUE ISLE, ME , a subsidiary of Maine & Maritimes Corporation (AMEX: MAM), and Central Maine Power Company (CMP), a subsidiary of Energy East, today reported on the preliminary conclusions of the Maine Power Connection (MPC) feasibility study. The MPC study evaluates the feasibility of connecting the Maine Public Service system to the rest of the Maine and New England electric grid and to support development of substantial wind energy resources in northern Maine.

The Maine Power Connection, a joint project of MPS and CMP, commenced with a feasibility study in March of 2007 in response to concerns over the lack of electric power competition in northern Maine. In 2006 the Maine Public Utilities Commission's standard offer solicitation attracted only one bid. Also, MPS has received connection requests to provide transmission service for more than 800 MW (megawatts) of proposed wind generation projects in Aroostook County. Presently, MPS does not have adequate transmission capacity to handle all of these requests.

Brent Boyles, President and CEO of Maine Public Service, said, "Based on the preliminary findings of our feasibility study, we are moving ahead with a more detailed analysis of a possible 345 kV transmission line from Limestone to the Detroit area, where it would connect to the CMP system and the New England grid. We are evaluating the use of existing transmission corridors between Houlton and Hayesville and possible new routes between the Detroit area and Chester, and between Houlton and Limestone. Also, we will continue to analyze the feasibility of a third 345 kV interconnect with eastern Canada."

"We are excited to be working with Maine Public Service on such an important project," said Sara Burns, President of CMP. "Creating access to renewable resources is critical to gaining control of our electricity costs here in Maine, and it's essential to reaching our environmental goals. Through this partnership, northern Maine can be a leader in those efforts, while expanding their local employment and tax base."

Boyles added, "The Maine Power Connection provides competitive regional electricity costs for customers in northern Maine, enhances market access for renewable energy sources, allowing up to 800 MW of wind development; improves system reliability for northern Maine, Maine and New England; reduces carbon dioxide emissions and other pollutants; enhances State and local tax bases; creates green jobs, stimulates new R&D initiatives and provides more than $1 billion in potential energy investment."

The MPC feasibility study is divided into three phases:

   -- Phase 1:  Interconnect MPS territory to the New England electric grid
   -- Phase 2:  Interconnect MPS, plus 800 MW proposed wind projects
   -- Phase 3:  New northern Maine interconnect with eastern Canada

The study reached the following preliminary conclusions:

Phase 1:
   -- 138 kV interconnection would be sufficient to connect existing MPS
      system with the New England grid at estimated cost of $40 million
   -- Not economically feasible if MPS ratepayers fund the project --
      costs outweigh the potential economic benefits to MPS ratepayers

Phase 2:
   -- MPS currently has transmission interconnection requests for more
      than 800 MW of potential wind generation projects
   -- New transmission capacity will support major wind development in
      Aroostook County
   -- Connecting MPS to the New England grid with a 345 kV transmission
      line will support wind generation projects and be economically
      feasible with the participation of ISO-NE and its member utilities

Phase 3:
   -- A third Canadian interconnect merits further investigation
   -- May provide access to additional renewable energy resources

CMP and MPS expect to complete the Phase 2 feasibility study by the Summer of 2008.

More information and a slide presentation outlining preliminary project participants are available on the Maine Power Connection website at www.mainepowerconnection.com.

About Maine Public Service Company:

Maine Public Service Company, a subsidiary of Maine & Maritimes Corporation (AMEX: MAM) is a regulated electric transmission and distribution utility serving approximately 36,000 electricity customer accounts in northern Maine. MAM is also the parent company of MAM Utility Services Group, an unregulated wholly-owned US subsidiary which focuses on such areas as transmission infrastructure to support wind generation, utility asset maintenance contracts, and other utility-related services. Corporate headquarters are located in Presque Isle, Maine, and the corporate website is www.maineandmaritimes.com.

About Central Maine Power Company:

Central Maine Power, a subsidiary of Energy East Corporation (NYSE: EAS), a regulated electric transmission and distribution utility, operates more than 25,000 miles of power lines and other facilities that deliver electricity to 600,000 electricity customers in Maine. The corporate website is: www.cmpco.com.

Cautionary Statement Regarding Forward-Looking Information:

Except for historical information, all other information provided in this news release consists of "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1935. Although Maine & Maritimes Corporation believes that such statements are based on reasonable assumptions, any such statements involve uncertainties and risks that may cause actual results to differ materially from those projected, anticipated, or implied. MAM cautions that there are certain factors that can cause actual results to differ materially from forward-looking information that has been provided, including, without limitation, potential changes in applicable laws and regulations, potential changes in Management, its ability to raise necessary operating and growth capital, increased interest costs, its ability to execute its business plans in a timely and efficient manner, the loss of customers and other factors that are more detailed in MAM's filings with the Securities and Exchange Commission.

MAM-G = General Releases

For More Information Contact: Virginia R. Joles Director of Communications Board Relations and Economic Development Tel: 207.760.2418 www.maineandmaritimes.com

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