FOR IMMEDIATE RELEASE: October 21, 2004

Catamount Energy Announces the Sale
of its Fibrothetford Interests

RUTLAND, VT – Catamount Energy Corporation (Catamount) announced today that its subsidiary, Catamount Thetford Corporation, has completed the sale of its 44.8-percent interest in the Fibrothetford power plant located in the United Kingdom to Fibrowatt Limited. Fibrowatt is the majority owner of the Fibrothetford facility.

“The proceeds will be used to focus on our wind business going forward,” noted Bruce Peacock, a managing director of Catamount.

“This transaction allows us to continue to rebalance our portfolio toward wind,” added Joseph Cofelice, president of Catamount. “At the same time, we want to conservatively finance the business so the sale of our Fibrothetford interests fits with our financial objectives as well as our strategic direction.”

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 Corporation is available on the Internet at www.catenergy.com.

CONTACT:

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

top/back

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