FORM 8-K



                 SECURITIES AND EXCHANGE COMMISSION

                       Washington, D.C.  20549



                           CURRENT REPORT



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

                      Date of Report: June, 1999


                    MAINE PUBLIC SERVICE COMPANY
                    (Exact name of registrant as
                      specified in its charter)



             Maine                        1-3429         01-0113635
     (State, or other jurisdiction     (Commission       (IRS Employer
           of incorporation)           File Number)    Identification No.)


          209 State Street, Presque Isle, Maine        04769
          (Address of principal executive offices)     (Zip Code)


     Registrant's Telephone Number, Including Area Code    207-768-5811















Current Report, Form 8-K for                                Date of Report
Maine Public Service Company                                June, 1999

Item 5(a) Other Material Events - Sale of Generating Assets

          Reference is made to the Company's Form 10-Q, item 3(b) for the
          quarter ended March 31, 1999, in which the Company reported that the
          Maine Public Utilities Commission (MPUC), on April 5, 1999,
          approved the sale of the Company's generating assets to WPS Power
          Development, Inc. (WPS-PDI).  In addition, on April 14, 1999, the
          Federal Energy Regulatory Commission (FERC) issued its Order
          authorizing the sale of the Company's generating assets.  On June 8,
          1999, the Company completed the sale of its generating assets to
          subsidiaries of WPS-PDI for the previously reported sale price
          of $37.425 million.  The generating sale consisted of hydro and
          fossil generating plants with a total capacity of 91.8 megawatts.
          The Company will continue to buy energy from these facilities under
          power agreements with the new owners until March 1, 2000, when retail
          access in Maine begins.

          On June 9, 1999, the Company issued the following release:

          "Maine Public Service Company Sells Generating Assets"
          Presque Isle, Maine, June 9, 1999.  On June 8, 1999, Maine Public
          Service Company completed the sale of its generating assets, totaling
          91.8 megawatts of capacity, to subsidiaries of WPS Power Development,
          Inc. for $37.425 million.  The sale, which was announced eleven
          months ago, required approvals from the Maine Public Utilities
          Commission, Federal Energy Regulatory Commission, the National Energy
          Board of Canada, the Lieutenant-Governor in Council of New Brunswick
          and various State, Federal and Canadian agencies.  WPS-PDI is a
          wholly-owned subsidiary of WPS Resources Corporation, with
          headquarters in Green Bay, Wisconsin.

          Facilities sold include: 34.5 MW of hydroelectric and diesel
          generating units at the Canadian subsidiary, Maine & New Brunswick
          Electrical Power Co., Ltd., (Tinker Plant), as well as its
          transmission system and interconnection with NB Power; 31 MW of
          hydroelectric, oil-fired steam, and diesel generating facilities at
          the Caribou Generating Station; 1.4 MW at Squa Pan hydroelectric
          generating station and storage dam; 4.2 MW at Flo's Inn diesel
          generating station; a dismantled diesel unit at Houlton; the
          Millinocket Lake storage dam; and the Company's joint ownership share
          equivalent to 20.7 MW of Wyman Unit No. 4, an oil-fired plant in
          Yarmouth, Maine.

          The Company's 5% ownership share in Maine Yankee was not part of the
          sale, because the plant has permanently shut down and is now
          undergoing decommissioning.  The rights to the 18.1 MW purchased
          under an



                                   -2-

Current Report, Form 8-K for                                Date of Report
Maine Public Service Company                                June, 1999

          agreement with Wheelabrator-Sherman are not included in the final
          sale.  When retail access begins, MPS will auction the W-S
          entitlement to a third party until 2006, when the agreement
          with W-S expires.  MPS has agreed to buy back electricity from
          WPS-PDI at a set price to cover the period between the closing date
          and February 29, 2000, when retail access begins.

          "This Company's involvement in generation began in 1903, when our
          Canadian Subsidiary, Maine and New Brunswick Electrical Power
          Company, Limited, was formed to develop a hydroelectric facility
          located at Aroostook Falls, New Brunswick."  states Paul Cariani,
          President and CEO of Maine Public Service Company.  "Although we will
          no longer be producing electricity, we will be providing our
          customers with electricity under existing power contracts until March
          1, 2000, when retail access begins in Maine.  On March 1, 2000,
          customers will choose their supplier of electricity, but we will
          continue to provide their transmission and distribution services."

          After paying $13.8 million (U.S.) in Canadian, Federal and State
          income taxes, the remaining proceeds will be used to reduce the
          Company's debt.  "After the sale," Cariani stated, "our Company's
          improved financial condition will allow us to meet the challenges of
          deregulation.  The gain from the sale of our generating assets will
          also reduce stranded costs, therefore, reducing customer rates in the
          future."

          _________________________

          This report contains "forward-looking statements" as defined in the
          Private Securities Litigation Reform Act of 1995.  Such statements
          are subject to certain risks and uncertainties that could cause
          actual results to differ materially from those projected.  Readers
          are therefore urged not to place undue reliance on such
          forward-looking statements.  A number of factors that could cause
          actual results to differ materially from those projected in this
          report are listed in the Annual Report on Form 10-K of Maine Public
          Service Company for the year ended December 31, 1998.

                                        MAINE PUBLIC SERVICE COMPANY
                                                Registrant


Dated: June 9, 1999                      /s/   Larry E. LaPlante
                                         Larry E. LaPlante, Vice President,
                                         Treasurer and Chief Financial Officer





                                   -3-
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FORM 8-K

                 SECURITIES AND EXCHANGE COMMISSION

                       Washington, D.C.  20549

                           CURRENT REPORT

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

                      Date of Report: June, 1999

                    MAINE PUBLIC SERVICE COMPANY
                    (Exact name of registrant as
                      specified in its charter)

             Maine                        1-3429         01-0113635
     (State, or other jurisdiction     (Commission       (IRS Employer
           of incorporation)           File Number)    Identification No.)

          209 State Street, Presque Isle, Maine        04769
          (Address of principal executive offices)     (Zip Code)

     Registrant's Telephone Number, Including Area Code    207-768-5811

Current Report, Form 8-K for                                Date of Report
Maine Public Service Company                                June, 1999

Item 5(a) Other Material Events - Sale of Generating Assets

          Reference is made to the Company's Form 10-Q, item 3(b) for the
          quarter ended March 31, 1999, in which the Company reported that the
          Maine Public Utilities Commission (MPUC), on April 5, 1999,
          approved the sale of the Company's generating assets to WPS Power
          Development, Inc. (WPS-PDI).  In addition, on April 14, 1999, the
          Federal Energy Regulatory Commission (FERC) issued its Order
          authorizing the sale of the Company's generating assets.  On June 8,
          1999, the Company completed the sale of its generating assets to
          subsidiaries of WPS-PDI for the previously reported sale price
          of $37.425 million.  The generating sale consisted of hydro and
          fossil generating plants with a total capacity of 91.8 megawatts.
          The Company will continue to buy energy from these facilities under
          power agreements with the new owners until March 1, 2000, when retail
          access in Maine begins.

          On June 9, 1999, the Company issued the following release:

          "Maine Public Service Company Sells Generating Assets"
          Presque Isle, Maine, June 9, 1999.  On June 8, 1999, Maine Public
          Service Company completed the sale of its generating assets, totaling
          91.8 megawatts of capacity, to subsidiaries of WPS Power Development,
          Inc. for $37.425 million.  The sale, which was announced eleven
          months ago, required approvals from the Maine Public Utilities
          Commission, Federal Energy Regulatory Commission, the National Energy
          Board of Canada, the Lieutenant-Governor in Council of New Brunswick
          and various State, Federal and Canadian agencies.  WPS-PDI is a
          wholly-owned subsidiary of WPS Resources Corporation, with
          headquarters in Green Bay, Wisconsin.

          Facilities sold include: 34.5 MW of hydroelectric and diesel
          generating units at the Canadian subsidiary, Maine & New Brunswick
          Electrical Power Co., Ltd., (Tinker Plant), as well as its
          transmission system and interconnection with NB Power; 31 MW of
          hydroelectric, oil-fired steam, and diesel generating facilities at
          the Caribou Generating Station; 1.4 MW at Squa Pan hydroelectric
          generating station and storage dam; 4.2 MW at Flo's Inn diesel
          generating station; a dismantled diesel unit at Houlton; the
          Millinocket Lake storage dam; and the Company's joint ownership share
          equivalent to 20.7 MW of Wyman Unit No. 4, an oil-fired plant in
          Yarmouth, Maine.

          The Company's 5% ownership share in Maine Yankee was not part of the
          sale, because the plant has permanently shut down and is now
          undergoing decommissioning.  The rights to the 18.1 MW purchased
          under an

                                   -2-

Current Report, Form 8-K for                                Date of Report
Maine Public Service Company                                June, 1999

          agreement with Wheelabrator-Sherman are not included in the final
          sale.  When retail access begins, MPS will auction the W-S
          entitlement to a third party until 2006, when the agreement
          with W-S expires.  MPS has agreed to buy back electricity from
          WPS-PDI at a set price to cover the period between the closing date
          and February 29, 2000, when retail access begins.

          "This Company's involvement in generation began in 1903, when our
          Canadian Subsidiary, Maine and New Brunswick Electrical Power
          Company, Limited, was formed to develop a hydroelectric facility
          located at Aroostook Falls, New Brunswick."  states Paul Cariani,
          President and CEO of Maine Public Service Company.  "Although we will
          no longer be producing electricity, we will be providing our
          customers with electricity under existing power contracts until March
          1, 2000, when retail access begins in Maine.  On March 1, 2000,
          customers will choose their supplier of electricity, but we will
          continue to provide their transmission and distribution services."

          After paying $13.8 million (U.S.) in Canadian, Federal and State
          income taxes, the remaining proceeds will be used to reduce the
          Company's debt.  "After the sale," Cariani stated, "our Company's
          improved financial condition will allow us to meet the challenges of
          deregulation.  The gain from the sale of our generating assets will
          also reduce stranded costs, therefore, reducing customer rates in the
          future."

          _________________________

          This report contains "forward-looking statements" as defined in the
          Private Securities Litigation Reform Act of 1995.  Such statements
          are subject to certain risks and uncertainties that could cause
          actual results to differ materially from those projected.  Readers
          are therefore urged not to place undue reliance on such
          forward-looking statements.  A number of factors that could cause
          actual results to differ materially from those projected in this
          report are listed in the Annual Report on Form 10-K of Maine Public
          Service Company for the year ended December 31, 1998.

                                        MAINE PUBLIC SERVICE COMPANY
                                                Registrant

Dated: June 9, 1999                      /s/   Larry E. LaPlante
                                         Larry E. LaPlante, Vice President,
                                         Treasurer and Chief Financial Officer

                                   -3-