EX-5 2 ex5.htm EXHIBIT 5 - ATTORNEY OPINION ex5.htm
 
 

 

EXHIBIT 5

Central Vermont Public Service Corporation
Legal Department
77 Grove Street
Rutland, Vermont  05701
 
 
 Kenneth C. Picton, Esq
 Phone: (802) 747-5372
 Assistant General Counsel
Fax: (802) 747-2189
 
kpicton@cvps.com
 
                                                                                                                                        
May 19, 2008

Re:  Registration Statement on Form S-3

I am the Assistant General Counsel for Central Vermont Public Service Corporation, a Vermont corporation (the “Company”) and I am generally familiar with its respective businesses, affairs and corporate proceedings.  I am familiar with the proceedings taken in connection with the proposed registration by the Company of 2,750,000 shares of its common stock, par value $6.00 per share (the “Common Stock”), pursuant to a Registration Statement on Form S-3, filed with the Securities and Exchange Commission (the “Commission”) on the date hereof, under the Securities Act of 1933, as amended (the “Act”) (such Registration Statement, as amended or supplemented, is hereinafter referred to as the “Registration Statement”). The shares of Common Stock to be offered and sold pursuant to the Registration Statement are being offered by the Company (the “Shares”).

I have examined copies of the following instruments and documents: (i) the Articles of Association and By-laws of the Company; (ii) the Resolutions, adopted May 6, 2008, of the Company’s Board of Directors related to the Registration Statement; and (iii) the Registration Statement.  I have also reviewed, and to the extent I have deemed appropriate relied upon, certificates of officers of the Company or of government officials as to certain factual matters. In addition, I have reviewed such other instruments and documents as I have deemed necessary or appropriate as the basis for the opinion hereinafter expressed, and I have conducted such other investigations of fact and law as I have considered appropriate. 

For purposes of this opinion, I have assumed the authenticity of all documents submitted to me as originals, the conformity to the originals of all documents submitted to me as copies and the authenticity of the originals of all documents submitted to me as copies. I have also assumed the legal capacity of all natural persons, the genuineness of the signatures of persons signing all documents in connection with which this opinion is rendered, the authority of such persons signing on behalf of the parties thereto other than the Company and the due authorization, execution and delivery of all documents by the parties thereto other than the Company.

Based upon and subject to the foregoing qualifications, assumptions and limitations and the further limitations set forth below, I am of the opinion that the Shares being registered will, when sold, be legally issued, fully paid and non-assessable.

My opinion expressed above is subject to the qualifications that I express no opinion as to the applicability of, compliance with, or effect of (i) any bankruptcy, insolvency, reorganization, fraudulent transfer, fraudulent conveyance, moratorium or other similar law affecting the enforcement of creditors’ rights generally, (ii) general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law), (iii) public policy considerations which may limit the rights of parties to obtain certain remedies and (iv) any laws except the law of the State of Vermont.

I hereby consent to the filing of this opinion with the Commission as Exhibit 5 to the Registration Statement.  I also consent to the reference to this opinion under the heading “Legal Matters” in the Registration Statement.

This opinion is limited to the specific issues addressed herein, and no opinion may be inferred or implied beyond that expressly stated herein.  This opinion is furnished to you in connection with the filing of the Registration Statement, and is not to be used, circulated, quoted or otherwise relied upon for any other purpose.

Sincerely,

/s/ Kenneth C. Picton