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Central Vermont Public Service Corporation: Notice of Declaration of Preferred Stock Dividend

Payable Date: October 1, 2011

On August 1, 2011 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, and $1.34375 per share on the 5.375% Dividend Series, are hereby declared payable October 1, 2011 to stockholders of record at the close of business September 21, 2011.