CV Central Vermont Public Service Corp.

On April 10, 2012 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 pro-rated dividends on the Preferred Stock, $100 Par Value, of $0.921612 per share on the 4.15% Dividend Series, $1.037951 per share on the 4.65% Dividend Series, $1.065219 per share on the 4.75% Dividend Series, and $1.196892 per share on the 5.375% Dividend Series, are hereby declared payable June 22, 2012.

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