SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934



       Date of Report (Date of earliest event reported): November 17, 1998

                         
                       Exact Name of
Commission             Registrant as                         IRS Employer          Registrants'
File                   Specified in its       State of      Identification           Telephone
Number                 Charter                Incorporation    Number                  Number

- ---------------------- ---------------------------- ------------- ------------------ -----------------

(Number Applied For)   CMP Group, Inc.              Maine         01-0519429         207 623-3521

1-5139                 Central Maine Power Company  Maine         01-0042740         207 623-3521





                      83 Edison Drive, Augusta, Maine 04336
              (Address of principal executive offices) (zip code)





Item 1 through Item 4.  Not applicable.


Item 5.  Other Events.

FPL Group,  Inc.  ("FPL"),  which had agreed on January 6, 1998, to purchase the
non-nuclear  generation  assets of Central Maine Power Company ("Central Maine")
and certain of its affiliates for approximately $846 million in cash,  announced
on November  17,  1998,  that it had filed a civil  action with a federal  court
(United States District Court for the Southern  District of New York) requesting
a declaratory  judgment that Central  Maine cannot meet  essential  terms of the
January agreement. FPL said in a release that "it had concluded, based on recent
Federal Energy Regulatory  Commission (FERC) rulings on transmission  access, as
well as other issues,  that it should not be bound to complete the transaction."
The FPL release further  asserted that the FERC rulings will limit FPL's ability
to market its power  "unconstrained  by transmission  limitations  caused by new
power plants being added to the New England  Power Pool  (NEPOOL)  system",  and
that "without such priority  access being assured,  FPL Group would not have bid
for the assets." FPL requests in the court complaint that it be "excused without
further obligation or liability from effecting the purchase of [Central Maine's]
generating assets."

The FERC  rulings,  issued on October 28,  1998,  directed  NEPOOL to file a new
method for  determining  how it will  address  future  transmission  needs,  and
associated  costs,  as the New England region seeks to accommodate  changes in a
restructured utility industry.

CMP  Group,  Inc.  ("CMP  Group"),  and  Central  Maine  believe  that the basic
positions asserted by FPL in the court action are without legal merit and intend
to  contest  the  court  action  vigorously.  CMP Group  and  Central  Maine are
reviewing the  complaint,  but cannot predict the outcome of the court action or
whether,  or the terms on which, the  generation-asset  sale transaction will be
completed.


Item 6 through Item 9.  Not applicable.





         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
each  Registrant  has duly  caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                  CMP GROUP, INC.



                                  By  /s/ David E. Marsh____________
              David E. Marsh
                                         Chief Financial Officer




        CENTRAL MAINE POWER COMPANY



                                  By  /s/ Curtis I. Call_______________
              Curtis I. Call
                                        Treasurer


Dated:  November 17, 1998