Mainebiz

W W W. M A I N E B I Z . B I Z 7 N OV E M B E R 2 5 , 2 0 1 9 CMP scores at the bottom of J.D. Power survey Central Maine Power ranked last in an annual customer satisfaction study, which evaluated 87 elec- tric utilities nationwide based on a survey of 21,000 business custom- ers. J.D. Power scored each utility on a 1,000-point scale, using survey responses about their power qual- ity and reliability, corporate citizen- ship, pricing, billing, communications and customer service. CMP received a score of 639 — the only score in the U.S. below 700. CMP has come under public fire in recent years, in response to weather-related outages, investigations into its billing prac- tices, and plans for a $1 billion, 145- mile electricity transmission corridor through western Maine. e com- pany, a subsidiary of Avangrid Inc. (NYSE: AGR) has 620,000 custom- ers in central and southern Maine. Headquartered in Augusta, CMP operates a dozen service centers throughout the state, 280 substations and 25,000 miles of power lines. N O T E W O R T H Y S T A T E W I D E U.S. Sens. Susan Collins and Angus King announced that the Office of National Drug Control Policy awarded a total of $2.1 million in grant fund- ing to 17 Maine health coalitions and local governments to prevent youth substance abuse and foster drug-free communities in Maine. Ready Seafood buys maker of specialty products Ready Seafood, a Saco-based supplier of live and processed lobster, has acquired Hancock Gourmet Lobster Co. of Topsham. Terms of the deal were not announced. Hancock, founded in 2000 by Cal Hancock, develops and produces lobster specialty products such as lobster pot pie and lobster risotto. e dishes are sold online and through gourmet food stores and catalogs. As a subsid- iary of Ready Seafood, the business will continue to operate in its Topsham facility. Cal Hancock will continue to S T A T E W I D E S O U T H E R N In four years, Maine's fastest-growing companies have taken off Four years ago, in the Nov. 16, 2015, issue, Mainebiz honored the state's fastest growing companies. Of the nine companies honored, three have since been sold or have merged. Apothecary By Design, the winner in the large company category, was sold to CVS Health in January 2018. Putney Inc. was sold to UK-based Dechra Holdings in 2016, for $200 million. Covetrus, which was then known as Vets First Choice, merged with Henry Schein Animal Health early this year, creating a company with annual sales of $4 billion. SP ONSORED BY FUN FACT In May 2009, the first IMAX theater opened in Maine, the Cinemagic & IMAX Theater in Saco. The timing was critical. In an ad in a subsequent Mainebiz, PM Construction Co. said keeping to the timeline was "paramount" on this project, pressed by the premiere of the new "Star Trek," which was released May 8 of that year. years ago, in Portland, a young investment manager envisioned a different kind of wealth management firm: one that is committed entirely to its clients, independent of other influence, and does the hard work needed to achieve excellence in a full range of services. After 41 years, Mal's vision has made his firm—our firm— the leader in northern New England. For this we thank our valued clients and partners. And we promise to follow Mal's vision for generations to come.

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