FOR IMMEDIATE RELEASE: Friday, September 21, 2001

CATAMOUNT ENERGY CORPORATION ANNOUNCES MAJOR ORGANIZATIONAL CHANGES

RUTLAND, VT — Catamount Energy Corporation (Catamount) announced several major organizational changes after its most recent Board of Directors Meeting.

Robert H. Young has been elected chairman of the board of Catamount. Young is also president and CEO of Central Vermont Public Service Corporation, which is the parent company of Catamount.

James Moore, who was named president of Catamount in February, has been elected to the additional post of CEO. Prior to joining Catamount, Moore was the chairman and CEO of American National Power, a major U.S. merchant power generator.

"James’ broad experience is proving invaluable as Catamount moves toward future growth," Young said. "These changes are a reflection of the confidence the board has in him and his team."

Catamount recently announced its wasfocusing its growth on wind energy in the U.S. and western Europe. "We at Catamount appreciate the vote of confidence the board has given the team, and we are ready to move Catamount into the rapidly growing wind energy market, forward" Moore said.

Michael Campson was promoted to vice president of finance. Campson joined Catamount in 2000 as director of finance. Previously, he held positions at GE Capital, Peter Kiewit Sons’, and U.S. Generating. Campson holds a B.A. with a concentration in economics from the University of Rochester and received an M.B.A. with a finance concentration from Cornell University, Johnson Graduate School of Management.

"For the last six months we have focused on the strategy and the assets of Catamount," Moore said. "We believe strongly in our strategy and are seeing encouraging improvement in asset performances. We also have some interested parties evaluating our existing non-wind assets, which would allow us to free up some capital for the wind efforts."

"Over the next six months we need to continue to add additional IPP talent to our executive ranks," Moore said. "Over the same period, we will be able to accelerate growth in our IPP business while maintaining our ‘think like owners’ investment discipline."

For additional information please contact:

James J. Moore, Jr. — President & CEO
(802) 772-6731 or
jmoore@catenergy.com

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