FOR IMMEDIATE RELEASE: July 7, 2004

CATAMOUNT ENERGY CORP. ANNOUNCES THE SALE OF ITS
GLENNS FERRY COGENERATION AND RUPERT COGENERATION FACILITIES TO TEXAS AMERICAN POWER

RUTLAND, VT – Catamount Energy Corp. (Catamount) announced today that it has closed on the sale of its interests in two 10-megawatt natural gas-fired facilities – the Rupert Cogeneration and Glenns Ferry Cogeneration Projects located in Idaho – to Texas American Power (TAP).

“We are pleased to complete this cornerstone transaction for Texas American Power,” TAP President David Marks said. “This acquisition fits with our business strategy of owning and operating projects like these in parallel with our wind development activities.”

“These projects are very attractive investments in this current energy market, and our investors will see stable, contracted returns for many years to come,” Marks said.

Catamount has been selling some of its non-wind projects while focusing on new investments in wind projects. “This sale is another milestone along that path,” Catamount CEO James Moore said.

Catamount, the non-regulated 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. Catamount is a developer, owner, and operator of wind energy projects.

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

Texas American Power is a privately held company founded in January 2002 to acquire power generation assets and develop new wind energy projects. TAP is building a portfolio of natural gas-fired generation assets and renewable energy projects with contract-based revenues. The corporate offices of Texas American Power are located in Austin, Texas.

More information on Texas American Power is available on the Internet at www.texasap.com.

CONTACT:

Marie Smith
Catamount Energy Corporation
Phone: 802-772-6747
Fax: 802-772-6799
ismith@catenergy.com

David Marks
Texas American Power, LLC
512.480.9119 or Fax 512.480.8732
david.marks@texasap.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.

top/back

Home/Catamount Community/Catamount News/Timeline of Wind/
Economic Advantages/Business is Brisk/Related Links/Contact Info