Maine & Maritimes Corporation
                       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: September 27, 2004

               Date of earliest event reported: September 21, 2004

                          MAINE & MARITIMES CORPORATION

             (Exact name of registrant as specified in its charter)


                                      Maine

                         (State or other jurisdiction of
                         incorporation or organization)

                                   333-103749

                              (Commission File No.)

                                   30-0155348

                      (I.R.S. Employer Identification No.)

                   209 State Street, Presque Isle, Maine 04769

               (Address of principal executive offices) (Zip Code)

                   Registrant's telephone number: 207-760-2499







Item 2.03.  Creation of a Direct Financial Obligation.

On September 27, 2004, Maine & Maritimes Corporation (AMEX: MAM), through its
subsidiary, The Maricor Group, formerly known as "Maine & Maritimes Energy
Services," announced it closed on ten-year term financing on September 21, 2004,
in connection with its recent acquisitions of Morris & Richard Consulting
Engineers Limited, a Canadian-based engineering firm in Halifax, Nova Scotia and
RES Engineering, Inc., a Massachusetts based mechanical and electrical
engineering firm with offices in Hudson and Boston, Massachusetts. The
acquisitions of Morris & Richard and RES had been announced in Form 8-K's dated
June 2, 2004, and June 17, 2004, respectively, and the Company's Form 10-Q dated
August 16, 2004. This financing is for the debt portion of the purchase prices
and ongoing working capital needs.

The long-term debt is comprised of a $2.2 million commercial note with three
years of variable interest-only payments, followed by seven years of principle
and variable rate interest payments. This note is collateralized by the business
assets of The Maricor Group, as well as guaranties from its subsidiaries
Maricor, Ltd and RES Engineering, and a limited guaranty from Maine & Maritimes
Corporation. A $1.0 million commercial line of credit note was also executed on
September 21, 2004, to be available for The Maricor Group's working capital
needs. The line of credit is subject to monthly variable rate interest payments
and a zero balance must be maintained for thirty consecutive days annually,
beginning in 2005.


SIGNATURE

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

MAINE & MARITIMES CORPORATION

Date:    September 27, 2004

By:      /s/ J. Nicholas Bayne

         J. Nicholas Bayne
         President & Chief Executive Officer