CV Central Vermont Public Service Corp.

On March 1, 2010 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, $1.18 per share on the
             4.75% Dividend Series, and $1.34375 per share on the 5.375%
             Dividend Series, are hereby declared payable April 1, 2010 to
             stockholders of record at the close of business March 22, 2010.

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