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Central Vermont Public Service Corporation

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The following is a press release issued by Central Vermont Public Service Corporation (“CVPS”) on June 23, 2011.

CVPS Receives New Unsolicited Offer

Released: 06/23/11 09:00 AM EDT

RUTLAND, VT -- (Marketwire) -- 06/23/11 -- Central Vermont Public Service (NYSE: CV) today received an unsolicited acquisition offer from GazMetro, which the board of directors will review in due course based on our fiduciary responsibilities and contractual commitments to Fortis Inc.

"This offer requires us to convene our board of directors to evaluate the proposal in depth as soon as possible," President Larry Reilly said. "Until the board of directors has an opportunity to examine the offer, we are precluded from making any further comment."

Contact:

Steve Costello

(802) 747-5427 (work)

(802) 742-3062 (pager)