Current News

Premier Charest and Governor Douglas review
Progress on Agreements and shared concerns
Burlington, August 3, 2004-Québec Premier Jean Charest and Vermont
Governor Jim Douglas met Tuesday at ECHO at the Leahy Center for Lake
Champlain in Burlington, Vermont, to review progress made under the
Cooperation Agreement Between the Government of Québec and the
Government of the State of Vermont and discuss shared concerns including
security, environmental issues surrounding lakes Champlain and
Memphremagog, and the extension of Highway 35 in Québec.
Progress has been made in many areas under the Québec-Vermont agreement
signed in December 2003, including
* Establishment of a joint Québec-Vermont committee to draw up
and monitor the 2004-2005 action plan
* Renewal of agreements on lakes Champlain and Memphremagog, as

COLCHESTER, Vt., Aug 3, 2004 (BUSINESS WIRE) -- Green Mountain Power Corporation (NYSE: GMP) has announced consolidated earnings of $0.34 per share of common stock, diluted, for the second quarter of 2004, compared with $0.22 per share, diluted, for the same period in 2003. Earnings for the first six months of 2004 are $1.06 per share, diluted, compared with $1.01 per share, diluted, for the same period in 2003.
"We are pleased with operating results during the first half of 2004, which show strong revenue growth from sales to all customer classes," said Christopher L. Dutton, President and Chief Executive Officer. "We continue to expect earnings for the year to range between $2.05 and $2.15 per share."

REGIONAL PUBLIC TRANSPORTATION DISTRICT RECOMMENDED
Proposal would change funding of public transportation in Vermont
SOUTH BURLINGTON, VT -- A task force of the Chittenden County Metropolitan Planning Organization (CCMPO) has recommended a new Regional Public Transportation District for Chittenden County as part of a proposal that would change the way public transportation in Vermont is funded and governed.
The initial recommendations of the Regional Public Transportation Initiative Task Force call for legislation that would authorize a Regional Public Transportation District to plan, implement, and manage public transportation in Chittenden County. An interim board of this District would develop detailed governance and funding proposals and report back to the legislature for final approval before a public vote on the issue. The recommendations also provide a mechanism for creating up to five other Districts throughout the State.

Green Mountain Coffee Roasters
Reports Fiscal 2004 Third Quarter Results; Net Sales Growth of 19.0%
and Net Income Growth of 40.4%

WATERBURY, Vt.--(BUSINESS WIRE)--Aug. 3, 2004--Green Mountain
Coffee Roasters, Inc., (NASDAQ: GMCR) has announced fiscal third
quarter net sales for the twelve-week period ended July 3, 2004 of
$31,347,000, up 19.0%. Total coffee pounds shipped increased 17.2% to
4,075,000 pounds. The difference in growth rates between sales and coffee
pounds shipped is primarily due to the increase in sales of coffee and tea
K-Cups(R) as a percentage of sales, which sell at a higher price per pound
than other Green Mountain Coffee products.

Net income for the fiscal third quarter increased 40.4% to
$1,906,000, or $0.26 per diluted share, compared to $1,358,000, or
$0.19 per diluted share for the fiscal third quarter of 2003.

Governor Announces $2 Million Available for Bicycle and Pedestrian
Projects
Montpelier, Vt. - Governor Jim Douglas has announced the availability of
$2 million in funds for bicycle and pedestrian projects.
Governor Douglas said the $2 million is designated for design, acquisition
of right-of-way, and construction of bike and pedestrian projects around
Vermont. To qualify, projects must have a completed feasibility study or
an equivalent review.
"Encouraging new bicycle and pedestrian projects is part of our ongoing
commitment to creating a truly multi-modal transportation system,"
Governor Douglas said.
Last year the Governor's budget included funding for bicycle and
pedestrian projects that was awarded to 45 municipalities including: West
Rutland, Newfane, Cavendish, Morristown, St. Johnsbury, Burlington,
Colchester, Richford, Newport, Hartford, Woodstock, Dover, Bakersfield,

Governor Jim Douglas, Human Services Secretary Charles Smith, and consumer and peer advocates recently kicked-off one of the most significant reorganization of government services in more than two decades.
A year ago, the Agency of Human Services embarked on an intensive effort to transform the way it delivers services. After months of meetings, focus groups and surveys, a plan for reorganization was presented to the legislature and approved in the waning days of the session.
Beginning July 1st, the Agency began a major transition toward a service delivery system that is simpler, easier to access and centered on the strengths of individuals and families. The transformation is expected to take at least three years.

CCTA Announces Fiscal Year 2004 Ridership Increase of 8.5%

Streamlining of Routes and New Ridership Initiatives Attributed to Ridership Increase
Burlington, Vermont: The Chittenden County Transportation Authority (CCTA) has announced that Fiscal Year 2004 bus boardings are up 8.5% from the previous year, recording almost 1.8 million rides for the year. This is the highest ridership increase that CCTA has seen in more than two decades, continuing the upward trend that started two years ago. Some key ridership highlights from FY04:
" University Mall/Airport is up 10.6%;

" PARC Shuttle is up 24.2%;

" Williston is up 28.9%;

Governor Jim Douglas recently announced that in fiscal year 2004 Vermont's multi-state pharmaceutical purchasing pool-the nation's first multi-state pool for prescription drugs-saved Vermont at least a half-million dollars more than budget analysts had originally projected.
In April, following months of intense lobbying by the Douglas, Health and Human Services Secretary Tommy Thompson approved the pool that Douglas and Michigan Governor Jennifer Granholm, a democrat, pioneered last year. At that time, Douglas said Vermont expected to save approximately $1.5 million in the fiscal year.

By an overwhelming margin, the member/ratepayers of Washington Electric Cooperative have given their approval to the construction of a generating facility at the states largest landfill in Coventry. The project, which will be a very significant, long-term source of stable and affordably priced power for the Co-ops members, received a certificate of public good from the Vermont Public Service board. The board then immediately called for a special membership meeting and vote, as such projects also need member approval according to Vermont law.

The Burlington currency project is in the final countdown stage for the launch of the new Burlington local currency. As part of the launch, all 600-800 recent conference participants received Burlington Currency to spend only at local businesses.
Local Burlington area businesses can take advantage of this unique promotional opportunity and at the same time learn more about how Burlington Currency can work for businesses. The BCP is now engaged in a county-wide campaign to garner support and participation. The new paper currency is full color with anti-counterfeit technology, and a
web based credit component will allow larger and more convenient transactions. A successful Burlington currency will promote increased local spending, and will support a more sustainable local economy.

Directors of Green Mountain Power Corporation (NYSE:GMP) announced a quarterly cash dividend of $0.22 per share on the utility's common stock, payable September 30, 2004 to holders of record at the close of business on September 15, 2004. The indicated annual dividend rate is $0.88. Green Mountain Power Corporation is a Vermont-based energy services company serving 89,000 electric customers.

The final piece of financing for the long-awaited North Street revitalization project in Burlington's Old North End has been approved by the State Infrastructure Bank (SIB) board of directors. A $304,531 SIB loan to the City of Burlington completes a state, federal, and local financing package for the $6.6 million revitalization project, and project construction has begun. The North End revitalization project has been in the active planning stages since 1998. Major elements of the project include considerable street repaving, improving pedestrian access and safety by enhancing sidewalks and traffic signals, installing underground utilities, planting trees, upgrading street lighting and other improvements.