FOR IMMEDIATE RELEASE: Friday, Nov. 8, 2002

Catamount Energy Announces the Sale
of its Interest in a U.K. Power Plant

RUTLAND, VT — Catamount Energy Corporation (Catamount) announced today that it has completed the sale of its 50-percent interest in the Heartlands power plant, located in the United Kingdom, to its partner in the facility, Rolls-Royce Power Ventures.

"This was a good investment for Catamount," noted Bruce Peacock, a managing director of Catamount. "The proceeds will be used to reduce Catamount’s outstanding corporate debt and to continue to focus on our wind business going forward."

"In line with our previously announced direction, this transaction allows us to continue to rebalance our portfolio toward wind and at the same time reduces our debt levels," added Joseph Cofelice, president of Catamount. "We have been very transparent in our accounting and at the same time we want to conservatively finance the business, so the sale of Heartlands 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 I. Smith
Catamount Energy Corporation
802.772.6747 or 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.

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