UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D. C. 20549
FORM
11-K/A
|
X
|
|
ANNUAL
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE
ACT OF 1934
|
For
the fiscal year ended December 31, 2007.
|
| |
|
TRANSITION
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE
ACT OF 1934
|
For
the transition period from _______ to _______
|
Commission
file number 1-8222
CENTRAL
VERMONT PUBLIC SERVICE CORPORATION
EMPLOYEE
SAVINGS AND INVESTMENT
PLAN
(Full
title of the Plan)
CENTRAL VERMONT PUBLIC
SERVICE CORPORATION
(Name
of Issuer of Securities)
77
Grove Street, Rutland,
Vermont 05701
(Address
of Issuer's Principal
Office) (Zip
Code)
|
|
Total
Number of Pages in File:
|
12
|
CENTRAL
VERMONT PUBLIC SERVICE CORPORATION
EMPLOYEE
SAVINGS AND INVESTMENT PLAN
INDEX
TO FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULE
DECEMBER
31, 2007 AND 2006
|
Page
|
|
|
Report
of Independent Registered Public Accounting Firm
|
3
|
Statements
of Net Assets Available for Benefits
as
of December 31, 2007 and 2006
|
4
|
Statements
of Changes in Net Assets Available for
Benefits
for the Years Ended December 31, 2007 and 2006
|
5
|
Notes
to Financial Statements
|
6
|
Form
5500, Schedule H, Part IV, Line 4i Schedule of Assets
(held
at end of year) as of December 31, 2007
|
10
|
Signature
|
11
|
Consent
of Independent Registered Public Accounting Firm
|
12
|
Report of Independent
Registered Public Accounting Firm
The
Employee Savings & Investment Plan Committee
Central
Vermont Public Service Corporation
Rutland,
Vermont
We have
audited the accompanying statements of net assets available for plan benefits of
the Central Vermont Public Service Corporation Employee Savings and Investment
Plan (the "Plan") as of December 31, 2007 and 2006 and the related statements of
changes in net assets available for plan benefits for the years then
ended. These financial statements are the responsibility of the
Plan's management. Our responsibility is to express an opinion on
these financial statements based on our audits.
We
conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement. The Plan is not
required to have, nor were we engaged to perform, an audit of its internal
control over financial reporting. Our audit included consideration of internal
control over financial reporting as a basis for designing audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Plan's internal control over financial
reporting. Accordingly, we express no such opinion. An audit includes examining,
on a test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe
that our audits provide a reasonable basis for our opinion.
In our
opinion, the financial statements referred to above present fairly, in all
material respects, the net assets available for plan benefits of the Central
Vermont Public Service Corporation Employee Savings and Investment Plan at
December 31, 2007 and 2006, and the changes in its net assets available for plan
benefits for the years then ended in conformity with accounting principles
generally accepted in the United States of America.
Our
audits were made for the purpose of forming an opinion on the 2007 basic
financial statements taken as a whole. The 2007 information included
in the supplemental schedule is presented for purposes of additional analysis
and is not a required part of the 2007 basic financial statements but is
supplementary information required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974. The information in the supplemental schedule
has been subjected to the auditing procedures applied in the audit of the 2007
basic financial statements and, in our opinion, is fairly stated in all material
respects in relation to the 2007 basic financial statements taken as a
whole.
/s/
McSoley McCoy & Company
June 23,
2008
VT Reg.
No. 92-349
CENTRAL
VERMONT PUBLIC SERVICE CORPORATION
EMPLOYEE
SAVINGS AND INVESTMENT PLAN
STATEMENTS
OF NET ASSETS AVAILABLE FOR BENEFITS
AS
OF DECEMBER 31, 2007 AND 2006
|
|
2007
|
|
|
2006
|
|
Investments,
at fair value
|
|
|
|
|
|
|
Mutual
Funds
|
|
$
|
57,270,791
|
|
|
$
|
51,067,903
|
|
Managed
Income Portfolio
|
|
|
8,403,597
|
|
|
|
8,163,247
|
|
Central
Vermont Pubic Service Corporation (common stock)
|
|
|
4,388,840
|
|
|
|
4,121,391
|
|
Other
Common Stock
|
|
|
525,094
|
|
|
|
1,143,690
|
|
Money
Market Funds
|
|
|
720,572
|
|
|
|
635,136
|
|
Participant
Loans
|
|
|
1,291,142
|
|
|
|
1,216,168
|
|
Total
Investments, at fair value
|
|
|
72,600,036
|
|
|
|
66,347,535
|
|
Adjustment
from fair value to contract value for fully
benefit-responsive
investment contracts
|
|
|
91,326
|
|
|
|
82,046
|
|
Other
Receivables
|
|
|
937
|
|
|
|
874
|
|
Other
Liabilities
|
|
|
-
|
|
|
|
(1,101
|
)
|
Net
Assets Available for Benefits
|
|
$
|
72,692,299
|
|
|
$
|
66,429,354
|
|
The
accompanying notes are an integral part of these financial
statements
CENTRAL
VERMONT PUBLIC SERVICE CORPORATION
EMPLOYEE
SAVINGS AND INVESTMENT PLAN
STATEMENTS
OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR
THE YEARS ENDED DECEMBER 31, 2007 AND 2006
|
|
2007
|
|
|
2006
|
|
CONTRIBUTIONS
|
|
|
|
|
|
|
Employee
|
|
$
|
3,568,995
|
|
|
$
|
3,217,869
|
|
Employer
|
|
|
1,352,092
|
|
|
|
1,196,993
|
|
Rollovers
|
|
|
353,964
|
|
|
|
167,053
|
|
Total
Contributions
|
|
|
5,275,051
|
|
|
|
4,581,915
|
|
|
|
|
|
|
|
|
|
|
INVESTMENT
INCOME
|
|
|
|
|
|
|
|
|
Net
Appreciation of Fair Value of Investments
|
|
|
948,989
|
|
|
|
3,505,219
|
|
Interest
and Dividend Income
|
|
|
5,142,509
|
|
|
|
3,125,750
|
|
Net
Investment Gain from Managed Income Portfolio
|
|
|
361,507
|
|
|
|
336,584
|
|
Net
Investment Gain from Brokerage Account
|
|
|
160,350
|
|
|
|
110,677
|
|
Administrative
Expenses
|
|
|
(28,398
|
)
|
|
|
(29,993
|
)
|
Total
Investment Income
|
|
|
6,584,957
|
|
|
|
7,048,237
|
|
|
|
|
|
|
|
|
|
|
DISTRIBUTIONS
|
|
|
|
|
|
|
|
|
Benefit
Payments
|
|
|
(5,556,833
|
)
|
|
|
(5,546,072
|
)
|
Loan
Defaults
|
|
|
(40,230
|
)
|
|
|
(30,320
|
)
|
Total
Distributions
|
|
|
(5,597,063
|
)
|
|
|
(5,576,392
|
)
|
|
|
|
|
|
|
|
|
|
NET
INCREASE IN NET ASSETS AVAILABLE FOR BENEFITS
|
|
|
6,262,945
|
|
|
|
6,053,760
|
|
|
|
|
|
|
|
|
|
|
NET
ASSETS AVAILABLE FOR BENEFITS
|
|
|
|
|
|
|
|
|
Beginning
of Year
|
|
|
66,429,354
|
|
|
|
60,375,594
|
|
End
of Year
|
|
$
|
72,692,299
|
|
|
$
|
66,429,354
|
|
The
accompanying notes are an integral part of these financial
statements
CENTRAL
VERMONT PUBLIC SERVICE CORPORATION
EMPLOYEE
SAVINGS AND INVESTMENT PLAN
NOTES
TO FINANCIAL STATEMENTS
DECEMBER
31, 2007 and 2006
Note
1 - Plan Description and Related Information
General
- The purpose
of the Central Vermont Public Service Corporation Employee Savings and
Investment Plan (the Plan), a defined contribution plan, is to encourage savings
and investments by eligible employees of Central Vermont Public Service
Corporation and its affiliates (the "company") and to afford additional security
for their retirement. The Plan became effective January 1,
1985. More complete information regarding the Plan's provisions may
be found in the plan document.
Contributions and
Vesting
- Employees are eligible to join the Plan immediately upon
hire. Employees electing to participate in the Plan make pre-tax
contributions of at least 1 percent, but not more than 40 percent, of their
compensation as defined by the Plan. The maximum pre-tax contribution
for 2007 was $15,500. Employees who are age 50 and older could make
pre-tax catch-up contributions up to a maximum of $5,000 in
2007. Catch-up contributions are ineligible for employer
match. Employees can make post-tax contributions of at least 1
percent, but not more than 10 percent. Eligible employees are 100 percent vested
in their pre-tax and post-tax contribution account and in their matching
employer contribution account. Employee contributions also include
rollovers.
During
2007, company matching contributions were 100 percent of the first 4.25 percent
of eligible pre-tax compensation, excluding overtime, contributed to the Plan by
each participant per pay period. Participants are eligible for the
matching contribution in the first pay period following their first anniversary
date.
On
December 29, 2004, members of the International Brotherhood of Electrical
Workers Local 300 ratified the union employees' contract with the
company. The contract included an increase in the company's match for
401(k) contributions from 4 percent to 4.25 percent effective on January 1,
2007. The increase applied to all eligible 401(k)
participants.
Participant Accounts
- Each participant's account is credited with the participant's basic and any
rollover or after-tax contributions and his or her allocation of (a) the
company's contribution; and (b) investment earnings attributable to such
contributions. The allocation of the Plan's earnings is based on
participants' account balances. Participants allocate contributions
among various investment choices, including mutual funds, managed income
portfolio, money market funds and common stock, including Central Vermont Public
Service Corporation Common Stock Fund ("CVPS Common Stock
Fund"). Company contributions are automatically invested in
accordance with the participant's investment direction for his or her
account.
Payment of Benefits
-
Participants (or their beneficiaries) will be entitled to distribution of the
full value of their Plan account (including their contributions, matching
company contributions and investment earnings) upon retirement, death or other
termination of employment with the company or upon attainment of age
59 1/2. Any participant may withdraw from his or her account
amounts contributed by the participant on an after-tax basis or amounts
necessary to meet certain financial hardships. In addition, once per
plan year, any person who has been a participant in the Plan for at least 60
months may withdraw all or a portion of his or her account attributable to
company matching contributions. Benefit distributions are made either
as (a) a single lump-sum payment, (b) an annuity contract purchased from an
insurance company, (c) quarterly or annual installments over a period not to
exceed 10 years or (d) with respect to the CVPS Common Stock Fund, shares of the
company's common stock.
Participant Loans
-
Participants may borrow from their plan account balance. The maximum
borrowings shall not exceed the lesser of $50,000 (reduced by the highest
outstanding loan balance in the previous 12 months) or 50 percent of the value
of the participant's account, subject to certain
limitations. Participants may repay the loan through payroll
deduction over a period of up to five years or up to 30 years if the loan is to
purchase the participant's primary residence. The interest rates
charged on loans outstanding as of December 31, 2007 and 2006 range from 6.25
percent to 10.0 percent and mature at various dates
through 2035.
Plan Trustee
-
Fidelity Management Trust Company (Fidelity) became trustee of the Plan
effective May 1, 2002.
CENTRAL
VERMONT PUBLIC SERVICE CORPORATION
EMPLOYEE
SAVINGS AND INVESTMENT PLAN
NOTES
TO FINANCIAL STATEMENTS
DECEMBER
31, 2007 and 2006
Note
2 - Summary of Significant Accounting Policies
Basis of Accounting
-
The financial statements of the Plan are prepared in accordance with accounting
principles generally accepted in the United States of America ("U.S.
GAAP"). Contributions made by the company are recognized by the Plan
in the year the related participant's contribution is
made. Administrative costs are recognized when
incurred. Benefit distributions are recognized when
made.
Investment Valuation and
Income Recognition
- Mutual Funds, managed income portfolio and Common
Stock are stated at fair value. Participant loans are stated at cost,
which approximates fair value. Purchases and sales of securities are
recorded on the trade date. Interest from investments is recorded as
earned on an accrual basis. Dividends are recorded on the ex-dividend
date.
Risks and
Uncertainties
- The Plan provides for various investment
instruments. Investment securities, in general, are exposed to
various risks, such as interest rate, credit and overall market
volatility. Due to the level of risk associated with certain
investment securities, it is reasonably possible that changes in the values of
investment securities will occur in the near term and such changes could
materially affect the amounts reported in the financial statements.
Expenses
- Brokerage
commissions, registration charges and other expenses in connection with the
purchase, sale or distribution of securities and other administrative costs for
each investment fund, excluding a portion related to the CVPS Common Stock Fund,
will be paid out of the Plan's accounts to which such expenses are
attributable. Administrative expenses related to the CVPS Common
Stock Fund are paid by the plan participants. Fees related to the
Plan as a whole are shared between participants and the company.
Use of Estimates
-
The preparation of financial statements in conformity with U. S. GAAP requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at
the date of the financial statements and the reported amounts of revenues and
expenses during the reporting period. Actual results could differ
from those estimates.
Recent Accounting
Pronouncements
- SFAS No. 157: In September 2006, the FASB
issued Statement No. 157, Fair Value Measurements ("SFAS No. 157"), which
addresses how companies should measure fair value when they are required to use
a fair value measure for recognition or disclosure purposes under U.S.
GAAP. While the standard does not expand the use of fair value in any
new circumstances, it has applicability to several current accounting standards
that require or permit the company to measure its assets and liabilities at fair
value.
SFAS No.
157 is effective for most fair value measurements, other than leases and certain
non-financial assets and liabilities, beginning January 1, 2008. SFAS
No. 157 defines fair value as "the price that would be received to sell an asset
or paid to transfer a liability in an orderly transaction between market
participants at the measurement date," or the "exit
price." Accordingly, the fair value of an asset or liability must be
determined based on the assumptions that market participants would use in
pricing the asset or liability (if available), and not the Plan’s
assumptions. The identification of market participant assumptions
provides a basis for determining what inputs are to be used for pricing each
asset or liability. SFAS 157 also establishes a three-level fair
value hierarchy, reflecting the extent to which inputs to the determination of
fair value can be observed, and requires fair value disclosures based upon this
hierarchy. These disclosures will be included in the Notes to
Financial Statements subsequent to the Plan's adoption of SFAS No.
157. The adoption of SFAS No. 157 is not expected to have a material
impact on the Plan’s financial statements.
CENTRAL
VERMONT PUBLIC SERVICE CORPORATION
EMPLOYEE
SAVINGS AND INVESTMENT PLAN
NOTES
TO FINANCIAL STATEMENTS
DECEMBER
31, 2007 and 2006
As of
December 31, 2006, the Plan adopted FASB Staff Position FSP AAG INV-1 and
Statement of Position No. 94-4-1, Reporting of Fully Benefit Responsive
Investment Contracts Held by Certain Investment Companies Subject to the AICPA
Investment Company Guide and Defined-Contribution Health and Welfare and Pension
Plans ("FSP"). The Fidelity Managed Income Portfolio is a stable
value investment fund and is fully benefit responsive.
Note
3 - Plan Termination
Although
the company has not expressed any intent to terminate the Plan, it has the right
to do so at any time. Contributions to the Plan in future years are
subject to the applicable tax regulations and the discretion of the
company.
Note
4 - Income Taxes
The Plan
is subject to the Employee Retirement Income Security Act of 1974 (ERISA) and
certain provisions of the Internal Revenue Code (IRC). The Plan is
intended to qualify under Section 401(a) of the IRC and the Internal Revenue
Service has issued a favorable determination letter, dated January 13, 2004,
ruling that the Plan was designed in accordance with applicable IRC requirements
as of the date of their letter. The Plan has been amended since
receiving the determination letter. Plan management believes that the
Plan is designed and is currently being operated in accordance with applicable
IRC requirements and the Plan and related Trust continue to be tax
exempt. Therefore, no provision for income taxes has been included in
the Plan's financial statements.
Note
5 - Investments
The fair
market value of individual investments that represent five percent or more of
the Plan's net assets available for benefits as of December 31, 2007 and 2006
are as follows:
|
|
2007
|
|
|
2006
|
|
Fidelity
Disciplined Equity Fund
|
|
$
|
10,436,020
|
|
|
$
|
9,500,738
|
|
Fidelity
Blue Chip Growth Fund
|
|
$
|
-
|
|
|
$
|
8,212,783
|
|
Fidelity
Managed Income Portfolio
|
|
$
|
8,403,597
|
|
|
$
|
8,163,247
|
|
Fidelity
Balanced Fund
|
|
$
|
7,888,768
|
|
|
$
|
7,340,352
|
|
Fidelity
Mid-Cap Stock Fund
|
|
$
|
4,748,888
|
|
|
$
|
4,234,511
|
|
American
Funds Growth Fund – Class R4
|
|
$
|
8,215,531
|
|
|
$
|
-
|
|
CVPS
Common Stock Fund
|
|
$
|
4,388,840
|
|
|
$
|
4,121,391
|
|
During
2007 and 2006, the Plan investments (including gains and losses on investments
bought and sold, as well as held during the year) appreciated (depreciated) as
follows:
|
|
2007
|
|
|
2006
|
|
Fair
Value Investments:
|
|
|
|
|
|
|
Mutual
Funds
|
|
$
|
(429,947
|
)
|
|
$
|
2,440,661
|
|
CVPS
Common Stock Fund
|
|
|
1,378,936
|
|
|
|
1,064,558
|
|
Net
Appreciation of Fair Value Investments
|
|
|
948,989
|
|
|
|
3,505,219
|
|
Brokerage
Account
|
|
|
160,350
|
|
|
|
110,677
|
|
Total
Net Appreciation
|
|
$
|
1,109,339
|
|
|
$
|
3,615,896
|
|
CENTRAL
VERMONT PUBLIC SERVICE CORPORATION
EMPLOYEE
SAVINGS AND INVESTMENT PLAN
NOTES
TO FINANCIAL STATEMENTS
DECEMBER
31, 2007 and 2006
Note
6 - Related Party Transactions
Certain
Plan investments are shares of mutual funds managed by
Fidelity. Fidelity is the trustee as defined by the Plan and,
therefore, these transactions qualify as party-in-interest transactions as the
term is defined in Section 3 (14) of ERISA. At December 31, 2007 and
2006, the Plan held common stock of the company valued at $4,388,840 and
$4,121,391, respectively.
Note
7 - Reconciliation of Statement of Net Assets Available for Benefits to Schedule
of Assets (Held at End of Year)
|
|
2007
|
|
|
2006
|
|
Net
assets available for benefits
|
|
$
|
72,692,299
|
|
|
$
|
66,429,354
|
|
Adjustment
from fair value to contract value for fully
benefit-responsive
investment contracts
|
|
|
(91,326
|
)
|
|
|
(82,046
|
)
|
Other
receivables
|
|
|
(937
|
)
|
|
|
(874
|
)
|
Other
liabilities
|
|
|
-
|
|
|
|
1,101
|
|
Grand
total of assets held at end of year
|
|
$
|
72,600,036
|
|
|
$
|
66,347,535
|
|
Plan
No. 005
EIN
03-0111290
CENTRAL
VERMONT PUBLIC SERVICE CORPORATION
EMPLOYEE
SAVINGS AND INVESTMENT PLAN
FORM
5500, SCHEDULE H, PART IV, LINE 4i
SCHEDULE
OF ASSETS (HELD AT END OF YEAR)
AS
OF DECEMBER 31, 2007
Identity of Issue, Borrower, Lessor, or Similar
Party
|
|
Units
|
|
Cost **
|
|
Current
Value
|
|
*Fidelity
Freedom Income Fund
|
|
|
33,295.61
|
|
|
|
$
|
381,235
|
|
*Fidelity
Freedom 2000 Fund
|
|
|
11,294.61
|
|
|
|
|
139,714
|
|
*Fidelity
Freedom 2005 Fund
|
|
|
29,430.77
|
|
|
|
|
346,989
|
|
*Fidelity
Freedom 2010 Fund
|
|
|
227,906.11
|
|
|
|
|
3,377,568
|
|
*Fidelity
Freedom 2015 Fund
|
|
|
100,644.18
|
|
|
|
|
1,255,033
|
|
*Fidelity
Freedom 2020 Fund
|
|
|
166,468.83
|
|
|
|
|
2,631,872
|
|
*Fidelity
Freedom 2025 Fund
|
|
|
28,384.96
|
|
|
|
|
374,114
|
|
*Fidelity
Freedom 2030 Fund
|
|
|
98,221.06
|
|
|
|
|
1,622,612
|
|
*Fidelity
Freedom 2035 Fund
|
|
|
26,989.50
|
|
|
|
|
369,216
|
|
*Fidelity
Freedom 2040 Fund
|
|
|
46,291.18
|
|
|
|
|
450,413
|
|
*Fidelity
Freedom 2045 Fund
|
|
|
958.56
|
|
|
|
|
10,880
|
|
*Fidelity
Freedom 2050 Fund
|
|
|
2,657.09
|
|
|
|
|
30,371
|
|
*Fidelity
Ret Gov't MM
|
|
|
52.46
|
|
|
|
|
52
|
|
*Fidelity
Managed Income Portfolio
|
|
|
8,494,922.54
|
|
|
|
|
8,403,597
|
|
*Fidelity
Institutional Short-Intermediate Government Fund
|
|
|
218,435.34
|
|
|
|
|
2,123,191
|
|
*Fidelity
Balanced Fund
|
|
|
402,282.92
|
|
|
|
|
7,888,768
|
|
Spartan
U.S. Equity Index Fund
|
|
|
11,042.13
|
|
|
|
|
573,087
|
|
Davis
New York Venture Fund, Inc. - Class A
|
|
|
67,852.04
|
|
|
|
|
2,714,760
|
|
*Fidelity
Disciplined Equity Fund
|
|
|
353,523.72
|
|
|
|
|
10,436,020
|
|
*Fidelity
Low-Priced Stock Fund
|
|
|
62,656.18
|
|
|
|
|
2,577,049
|
|
*Fidelity
Mid-Cap Stock Fund
|
|
|
162,410.68
|
|
|
|
|
4,748,888
|
|
Morgan
Stanley Institutional Fund, Inc. - Small Company Growth Portfolio - Class
B
|
|
|
69,061.58
|
|
|
|
|
855,673
|
|
AIM
International Growth A
|
|
|
28,110.01
|
|
|
|
|
900,645
|
|
American
Funds Growth Fund Class R4
|
|
|
243,351.04
|
|
|
|
|
8,215,531
|
|
Dodge
& Cox International Stock
|
|
|
62,784.26
|
|
|
|
|
2,889,332
|
|
American
Beacon Small Cap Value Fund Plan Ahead Class
|
|
|
51,654.92
|
|
|
|
|
889,498
|
|
American
Beacon Large Cap Value Fund Plan Ahead Class
|
|
|
33,639.73
|
|
|
|
|
753,194
|
|
USAA
Nasdaq - 100 Index Fund
|
|
|
81,615.50
|
|
|
|
|
526,420
|
|
*Central
Vermont Public Service Corporation
|
|
|
142,310.00
|
|
|
|
|
4,388,840
|
|
Money
Market Funds
|
|
|
241,322.81
|
|
|
|
|
720,519
|
|
*Fidelity
BrokerageLink
|
|
|
1,193,062.02
|
|
|
|
|
713,813
|
|
Funds
Total
|
|
|
|
|
|
|
|
71,308,894
|
|
*LOANS
TO PARTICIPANTS - Rate of Interest 6.25% to 10.0 %
|
|
|
|
|
|
|
|
1,291,142
|
|
TOTAL
INVESTMENTS
|
|
|
|
|
|
|
$
|
72,600,036
|
|
Notes:
*
Party-in-interest
** Cost
has been omitted as investments are participant directed.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the members of the
Employee Savings and Investment Plan ("ESIP") Committee have duly caused this
annual report to be signed by the undersigned thereunto duly
authorized.
|
CENTRAL
VERMONT PUBLIC SERVICE CORPORATION
EMPLOYEE
SAVINGS AND INVESTMENT PLAN
|
By
|
/s/ Joan F.
Gamble
Chair,
ESOP/ESIP (401-K) Committee
Vice
President, Strategic Change & Business
Services
|
Dated: June
24, 2008
Consent
of Independent Registered Public Accounting Firm
We
consent to the incorporation by reference into Central Vermont Public Service
Corporation's previously filed Form S-3 Registration Statement, File No.
333-141681 and No. 333-151019 and Form S-8 Registration Statements, File
No. 333-39664, No. 333-57001, No. 333-58102, and No. 333-102008 of
our report dated June 23, 2008 appearing in this Annual Report on Form 11-K of
the Central Vermont Public Service Corporation Savings and Investment Plan for
the year ended December 31, 2007.
/s/
McSoley McCoy & Company
June 23,
2008
South
Burlington, VT
VT Reg.
No. 92-349
Central Vermont Public Service (NYSE:CV)
Historical Stock Chart
From Jun 2024 to Jul 2024
Central Vermont Public Service (NYSE:CV)
Historical Stock Chart
From Jul 2023 to Jul 2024