Published 05-17-04
Submitted by Green Mountain Power Corporation
"ISS has awarded Green Mountain Power a Corporate Governance Quotient index of 99.7 and an industry rating of 100, which means that Green Mountain Power outperformed 99.7% of companies in the S&P 600 and 100% of companies in the ISS utility group," said Christopher L. Dutton, President and Chief Executive Officer. "We are very proud of our efforts to implement the highest standards of corporate governance, reflecting our continuing commitment to deliver value to our shareholders."
Green Mountain Power also announced that, as part of its continuing efforts to improve corporate governance, management will recommend to the Board of Directors the adoption of the following additional initiatives at the May 20, 2004 meeting of the Board of Directors:
There are statements in this information release that contain projections or estimates and that are considered to be "forward-looking" as defined by the Securities and Exchange Commission (the "SEC"). In these statements, you may find words such as believes, expects, plans, or similar words. These statements are not guarantees of our future performance. There are risks, uncertainties and other factors that could cause actual results to be different from those projected.
For further information, please contact Robert Griffin, Chief Financial Officer of Green Mountain Power, (802) 655-8452 or Dorothy Schnure, Manager of Corporate Communications, at 802-655-8418.
Green Mountain Power, an investor-owned electric utility serving one-quarter of Vermont's population, embraces speed, efficiency, open communication and environmental commitment. As a member of Ceres, Green Mountain Power is committed to continuous environmental improvement and uses the Global Reporting Initiative guidelines to report on its environmental, economic and social activities. In 2006, Vermont Businesses for Social Responsibility named Green Mountain Power "Large Company Leader of the Year." Green Mountain Power owns and operates the largest commercial wind generating station in New England. In 2005, approximately 48 percent of the fuels used to generate electricity came from water, wood and wind.
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