UPDATE: Central Vermont Public Service to Discuss Acquisition Announcement at 10:00 a.m. EST

Central Vermont Public Service CV will hold a teleconference this morning at 10:00 a.m. ET to discuss the announcement on May 30, 2011 that it has entered into a definitive agreement with Fortis Inc. for the purchase by Fortis of all of the outstanding common shares of CVPS for an aggregate purchase price of approximately $700 million (U.S.), including the assumption of approximately $230 million of debt. The all-cash transaction will provide CVPS shareholders $35.10 per share, a 44 percent premium over the CVPS common share closing price of $24.32 on Friday, May 27.