Central Maine Power Co.'s $125 million plan, Augusta, has begun an asset allocation and asset-liability study, said Kathleen Case, manager-human resources.
The study ``might prompt us to make asset allocation changes and add new managers,'' she said. The study also is looking at adopting a cash balance plan. Actuarial Sciences is assisting; the study could be finished by March. Prompting the study is a 30% or so drop in the company's work force since 1991 due to layoffs, early retirements and other downsizings.
The fund's current allocation is roughly 40% equities, 47% fixed income and 12% international equities.
