CV Central Vermont Public Service Corp.

On August 3, 2009, the Central Vermont Public Service Corporation (NYSE: CV) Board of Directors approved the following resolution:

RESOLVED: That out of the reserved and unrestricted retained earnings of
          the Company quarterly dividends on the 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, $1.19 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, are
          hereby declared payable October 1, 2009 to stockholders of
          record at the close of business September 21, 2009.

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