8-K

UNITED STATES

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)   December 10, 2009

CENTRAL VERMONT PUBLIC SERVICE CORPORATION

(Exact name of registrant as specified in its charter)

Vermont (State or other jurisdiction of incorporation) 1-8222 (Commission File Number) 03-0111290 (IRS Employer Identification No.)

77 Grove Street, Rutland, Vermont               05701

(Address of principal executive offices)          (Zip Code)

Registrant’s telephone number, including area code (800) 649-2877

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

The attached exhibit 99.1 describes the rationale for Central Vermont Public Service’s request of Standard & Poor’s Ratings Services to withdraw its rating of the Company.

Item 9.01.	Financial Statements and Exhibits.
(d) Exhibits.

Exhibit Number	Description of Exhibit
99.1	Central Vermont's Letter to Standard & Poor's dated December 10, 1009.

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 hereunto duly authorized.

CENTRAL VERMONT PUBLIC SERVICE CORPORATION
By	/s/ Pamela J. Keefe                   Pamela J. Keefe Senior Vice President, Chief Financial Officer, and Treasurer

December 16, 2009

EX-99.1

EXHIBIT 99.1

ROBERT H. YOUNG

PRESIDENT AND

CHIEF EXECUTIVE OFFICER

December 10, 2009

Via email to

And via first class mail

George Slavin

Director of Client Business Management

Standard & Poor's - Corporate and Government Ratings

55 Water Street

New York, NY 10041

Re:           Withdrawal of 2009 Rating Request

Dear Mr. Slavin:

On or about December 7, 2009, Central Vermont Public Service Corporation ("CV") received an issuer credit rating from Moody's Investment Service of investment grade (Baa3 - stable outlook).  In contrast, Standard & Poor's in the past has assigned to CV an issuer credit rating below investment grade.

While we do not know whether Standard & Poor's will be changing our rating for this year, we do know that a split rating would adversely affect our liquidity and access to capital.  Accordingly, we wish to withdraw or cancel our 2009 rating request effective immediately.

We understand and accept that this will result in a termination of our Long-Term Corporate Credit Rating (issuer rating) by Standard & Poor's.  We also recognize that, if a rating is not assigned for any reason after Standard & Poor's begins its analytical review, Standard & Poor's will charge a fee based on the stage at which the analytical work is terminated.  According to our records, we have already paid the annual fee for calendar year 2009.  Unless we hear otherwise from you, we will presume that our payment of this fee will cover all of Standard & Poor's fees and reasonable expenses to date.

If you have any questions, please feel free to contact me.

Sincerely,

Robert H. Young

cc:           Barbara_eiseman