Bangor Hydro Elects Two New Directors.

BANGOR, Maine--(BUSINESS WIRE)--Oct. 2, 1998--Bangor Hydro-Electric Company announced that JOSEPH H. CYR and JAMES E. RIER, JR. have joined the Company's Board of Directors, replacing two retiring directors.

Mr. Cyr is President of John T. Cyr & Sons, Inc., a transportation company in Old Town, Maine. He also holds officer positions in other transportation businesses. He is a director of Merrill Merchants Bancshares and its subsidiary Merrill Merchants Bank. He is also a Trustee of Husson College and a Director of the Maine Community Foundation. He is active in community affairs, including the Orono/Old Town YMCA. He is a native and current resident of Old Town. Mr. Cyr will replace G. Clifton Eames, who is retiring from the board.

Mr. Rier is President of Rier Motors Co. of Machias, Maine. Prior to returning to Maine to take over the family business in 1975, Mr. Rier was a senior project engineer with General Motors. Mr. Rier has gained statewide recognition as a leader in education matters. He is a Gubernatorial appointment to the Maine State Board of Education, where he serves as chair of the board and chair of the Governor's School Funding Commission. He is active in a number of civic and community organizations. Mr. Rier is a native of, and current resident of, Machias. He replaces Alton E. Cianchette, who is also retiring from Bangor Hydro's board.

Bangor Hydro is an electric utility serving a population of about 192,000 in an area encompassing approximately 5,200 square miles in eastern and east coastal Maine. Bangor Hydro is a member of the New England Power Pool and is interconnected with other New England utilities to the south and with the New Brunswick Power Corporation to the north.

Bangor Hydro is listed on the NYSE under the symbol "BGR."