CV Central Vermont Public Service Corp.

On Feb. 23, 2009, the board of directors of Central Vermont Public Service (NYSE: CV) declared dividends on the outstanding preferred stock, $100 par value, of $1.04 per share on the 4.15% dividend series; $1.16 per share on the 4.65% dividend series; $1.18 per share on the 4.75% dividend series; $1.34375 per share on the 5.375% dividend series; and $2.075 per share on the 8.30% dividend series, payable April 1, 2009 to stockholders of record at the close of business March 20, 2009.

CVPS is Vermont's largest electric utility, serving approximately 159,000 customers statewide. The company's non-regulated subsidiary, Catamount Resources Corporation, sells and rents electric water heaters through a subsidiary, SmartEnergy Water Heating Services.

Contact: Steve Costello (802) 747-5427 (802) 742-3062 (pager)