Maine PUC: Maine Water Secures $25 Million Note for Capital Projects, Debt Management
June 18, 2025
June 18, 2025
WASHINGTON, June 18 -- The Maine Public Utilities Commission has authorized the Maine Water Co., Saco, to issue an unsecured note for up to $25,000,000 (Docket No. 2025-00155). The note, to be issued through CoBank, ACB, will carry an interest rate not exceeding 7.25 percent net of patronage and have a term of up to 31 years.
The utility company plans to use the proceeds from this issuance to pay down an existing line of credit from its parent company, Connecticut Water Service Comp . . .
The utility company plans to use the proceeds from this issuance to pay down an existing line of credit from its parent company, Connecticut Water Service Comp . . .