Green Mountain Power Begins 'Dutch Auction'
Green Mountain
Power Corporation (NYSE: GMP) announced today that it has commenced a
"Dutch Auction" self tender offer to purchase up to 800,000, or 14%, of
its common shares (including the associated common stock purchase rights).
Under the terms of the offer, Green Mountain Power shareholders may offer
to sell to Green Mountain Power all or a portion of the shares they own
within a price range of $17.00 to $21.00 per share in cash. The offer
begins today and will expire at 12:00 midnight, New York City time, on