Central Vermont Public Service Declares Common Stock Dividend

On Feb. 25, 2008, the board of directors of Central Vermont Public Service (NYSE: CV) declared a quarterly dividend of 23 cents per share on the issued and outstanding shares of common stock, $6 par value, payable May 15, 2008 to stockholders of record at the close of business April 30, 2008.

CVPS is Vermont's largest electric utility, serving more than 158,000 customers statewide. The company's non-regulated subsidiary, Catamount Resources Corporation, sells and rents electric water heaters through a subsidiary, SmartEnergy Water Heating Services.

Contacts:

Central Vermont Public Service
Steve Costello, 802-747-5427
Pager: 802-742-3062

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