Pricing Supplement No. 5        Dated September 26, 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   7.4625%
Issue Price:         $5,000,000
                                           Base Rate:    3-mo. LIBOR + 1.90%
Trade Date:           September 24, 1996   Federal Funds Rate  Prime Rate
Original Issue Date:  September 27, 1996   Treasury Rate       Other (see att.)
Maturity Date:        September 27, 2001   Commercial Paper Rate
Form: X Book-Entry
        Certified   Interest Reset Period  Daily       Weekly         Monthly
        Both                             X Quarterly   Semi-Annually  Annually
Interest Determination Dates: Two NY/London business     Spread (+/-):+ 1.90%
                              days before interest       Spread Multiplier: 
                              payment date               Alternate Rate Event
Interest Payment Period: Quarterly                       Spread
Interest Payment Dates:  December 27, March 27,          Maximum Interest Rate:
                         June 27, September 27           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 $73.0 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.