Pricing Supplement No. 4       Dated August 20, 1996            Rule 424(b)(3)
                                                             File No. 33-56939
(To Prospectus dated December 29, 1994)

CENTRAL MAINE POWER COMPANY

Medium-Term Notes, Series C
(Floating Rate)
     THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED
UPON THE ACCURACY OR ADEQUACY OF THIS PRICING SUPPLEMENT OR THE PROSPECTUS TO
WHICH IT RELATES. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

Principal Amount:    $5,000,000         Initial Interest Rate  7.47%
Issue Price:         $5,000,000
                                        Base Rate:          3-mo. LIBOR + 1.97%
Trade Date:           August 16, 1996   Federal Funds Rate  Prime Rate
Original Issue Date:  August 19, 1996   Treasury Rate       Other (see att.)
Maturity Date:        August 21, 2001   Commercial Paper Rate
Form: X Book-Entry
        Certified  Interest Reset Period   Daily       Weekly          Monthly
        Both                            X  Quarterly   Semi-Annually   Annually
Interest Reset Dates:  Two NY/London business days      Spread (+/-):   + 1.97%
                       before interest payment date     Spread Multiplier:
Interest Payment Period: Quarterly                      Alternate Rate Event 
Interest Payment Dates:  November 21, February 21,      Spread
                         May 21 and August 21           Maximum Interest Rate:
                                                        Minimum Interest Rate:
Index Maturity:     Quarterly                           
Redemption:
         X      The Notes cannot be redeemed prior to maturity
                The Notes may be redeemed prior to maturity

                   Redemption                              Redemption
                     Date(s)                                 Price(s)

Repayment:
         X      The Notes cannot be repaid prior to maturity at the
                 option of the holders thereof
                The Notes may be repaid prior to maturity at the option
                 of the holders thereof

                   Redemption                              Redemption
                     Date(s)                                 Price(s)

Original Issue Discount Note:  Yes      X   No
         Total Amount of OID:
         Yield to Maturity:
         Initial Accrual Period:

         As of the date of the issuance of the Series C Notes covered hereby,
after giving effect to the issuance thereof, and after giving effect to the
principal amount of any Medium-Term Notes being concurrently or theretofore
issued or retired (including, without limitation, any Series A, Series B and any
Series C Notes), there will be $68.0 million in aggregate principal amount of
the Company's Medium-Term Notes (including, without limitation, Series A Notes,
Series B Notes and the Series C Notes) outstanding.