FOR IMMEDIATE RELEASE: Friday, Feb. 1, 2002

CATAMOUNT ENERGY NAMES ROBERT CHARLEBOIS,
MANAGING DIRECTOR — BUSINESS DEVELOPMENT

RUTLAND, VT — Catamount Energy Corp. announced today that Robert J. Charlebois has been named to the position of managing director — business development.

"Catamount needed to enhance our greenfield development capabilities and in Bob Charlebois we got one of the most successful and experienced developers in the business," President James Moore said.

"Over the decade and a half we have worked together, I have found Bob to possess the rare combination of great values, great skill and humility," said Moore. "With the additions of Bob Charlebois and Lisa Robare on our executive team and Bob Kelly on our Board, Catamount has made enormous strides over the last several months in creating a very strong team to pursue our wind energy strategy."

Prior to joining Catamount, Charlebois was vice president — project development for American National Power, where he was responsible for greenfield development projects in a variety of areas, including the Southwest, California and the Northeast. He also held positions at Transco Power Company, where he was responsible for developing power generation projects in the Southwest and Mexico and for developing integrated power and pipeline projects in Argentina, Chile, Bolivia, Ecuador and Colombia.

Charlebois holds a B.A. from the University of Denver.

Catamount, the independent subsidiary of Central Vermont Public Service (NYSE: CV), has been in the business of providing clean, cost-competitive electricity in the U.S. and Europe for over 15 years. In response to opportunities in the renewable energy sector, Catamount has refocused its’ strategy toward becoming a developer, owner, and operator of wind energy projects.

More information on Catamount Energy Corp. is available on the Internet at www.catenergy.com.

cwhelan@catenergy.com

This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect", or similar expressions. These statements are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, future trends in wind and other projects, acceptance of the Companies products and services in the marketplace, competitive factors, dependence upon third-party vendors, and other risks. By making these forward-looking statements, the Companies undertake no obligation to update these statements for revision or changes after the date of this release.

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