Green Mountain Power Increases Quarterly Dividend

Directors of Green Mountain Power Corporation (NYSE:GMP)
announced today a quarterly cash dividend of $0.28 per share on the
utility's Common Stock, payable March 31, 2006 to holders of record at
the close of business on March 10, 2006. The new indicated annual
dividend rate is $1.12, an increase of 12 cents over the previous
indicated annual rate of $1.00.
   "The Company believes that, in light of the general practice in
the utility industry, it should pay out 50 percent to 70 percent of
anticipated earnings in dividends. Over the course of the next five
years, we intend to increase our dividend in the first quarter of each
year in a measured, consistent manner to the middle of this payout
range, which we will sustain so long as our financial health seems
assured. As earnings grow, of course, the opportunity for higher
dividend increases is presented," said Christopher L. Dutton,
President and Chief Executive Officer of Green Mountain Power.

   Green Mountain Power Corporation (www.greenmountainpower.biz) is a
Vermont-based energy services company serving 90,000 electric
customers.

   For further information, please contact Dorothy Schnure, Manager
of Corporate Communications, at 802-655-8418.