SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
______________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 30, 1999
CENTRAL VERMONT PUBLIC SERVICE CORPORATION
(Exact name of registrant as specified in its charter)
Vermont 1-8222 03-0111290
(State of other jurisdic- (Commission (IRS Employer
tion of incorporation) File Number) Identification No.)
77 Grove Street, Rutland, Vermont 05701
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (802) 773-2711
N/A
(Former name or former address, if changed since last report)
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Item 5. Other Events.
Central Vermont Public Service Corporation (NYSE: CV) today
announced that on July 30, 1999 it sold $75 million aggregate
principal amount of 8 1/8% Second Mortgage Bonds due 2004 at a
price of 99.915% in accordance with Securities and Exchange
Commission Rule 144A. The net proceeds of the offering were used
to repay $15.0 million of outstanding loans under the Company's
revolving credit facility and are expected to be used for other
general corporate purposes relative to the Company's utility
business. In addition, the Company canceled its $40.0 dollar
revolving credit facility. The bonds have not been registered
under the Securities Act of 1933 and may not be offered or sold
in the United States absent registration under such Act or
applicable exemption from the registration requirements.
Central Vermont is Vermont's largest electric utility, serving
140,000 customers state-wide. Through its subsidiary,
Connecticut Valley Electric Company, Central Vermont serves
10,000 customers in New Hampshire.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
CENTRAL VERMONT PUBLIC SERVICE CORPORATION
BY /s/ Francis J. Boyle
Francis J. Boyle, Senior Vice President,
Chief Financial Officer and Treasurer
August 2, 1999
