|EXHIBIT A 10.9.1                                                                                                                                                   
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|CENTRAL VERMONT PUBLIC SERVICE CORPORATION

PERFORMANCE SHARE INCENTIVE PLAN



Effective January 1, 2006

As Amended January 1, 2008



Execution Copy
March, 2008



|CENTRAL VERMONT PUBLIC SERVICE CORPORATION

PERFORMANCE SHARE INCENTIVE PLAN

TABLE OF CONTENTS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|ARTICLE I                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|ARTICLE II                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|ARTICLE III                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|ARTICLE IV                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|ARTICLE V                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|ARTICLE VI                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|ARTICLE VII                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|ARTICLE I
PURPOSE

Effective January 1, 2006, Central Vermont Public Service Corporation (the "Employer") has established The Central Vermont Public Service Corporation Performance Share Plan (the "Plan") in order to strengthen the ability of the Employer to attract and retain talented executives and to promote the long-term growth and profitability of the Employer by linking a significant element of executives' compensation opportunity to the performance of the Employer in meeting key operational and shareholder return goals over an extended period of time.   Shareholder return and customer satisfaction are both relative to established peer groups.
|ARTICLE II
DEFINITIONS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|2.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|2.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|2.3                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|2.4                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|2.5                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|2.6                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|2.7                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|2.8                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|2.9                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|2.10                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|2.11                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|2.12                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|2.13                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|2.14                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|2.15                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|2.16                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|2.17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|2.18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|2.19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|2.20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|2.21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|2.22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|2.23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|2.24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|ARTICLE III
DETERMINATION OF PERFORMANCE SHARES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|3.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|3.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|ARTICLE IV
PAYMENT OF GRANTS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|4.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|4.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|4.3                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|ARTICLE V
TERMINATION OF EMPLOYMENT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|5.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|5.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|ARTICLE VI
ADMINISTRATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|6.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|6.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|ARTICLE VII
GENERAL PROVISIONS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|7.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|7.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|7.3                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|7.4                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|7.5                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|7.6                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|7.7                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|7.8                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|7.9                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|IN WITNESS WHEREOF, the Employer has caused this instrument to be executed by its duly authorized officer as of the 10th day of March, 2008.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|Attest:
By: /s/ Mary C. Marzec
                    Mary Marzec
(Corporate Seal)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  

|Exhibit A                                                                           
|------------------------------------------------------------------------------------
|PeRS Earned for Total Shareholder Return Performance Component
for Performance Cycle



|Three-Year Total 
Shareholder Return -
Employer Percentile Rank vs. Comparison Group |  | Multiple ofTarget PeRS Earned
|------------------------------------------------------------------------------------ |  | -----------------------------
|75th percentile or higher
50th percentile
30th percentile
Below 30th percentile      |  | 1.5
1.0
0.3
0.0              

|The resulting three-year Total Shareholder Return determined for this Plan shall be rounded up to nearest percentile specified above. The multiple of Target PeRS earned between each of the respective percentiles specified above shall be determined by linear interpolation.
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|Exhibit BPage 1 of 2                                                           
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|PeRS Earned for Operational Measure Performance Component
For Performance Cycle





|Operational Measures                                                                                                                          | 0X
Threshold                         | 1X Target                                                          | 1.5X Max                                                         | Weight
|--------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------ | ------------------------------------------------------------------ | ---------------------------------------------------------------- | ------
|A measure of operational financial performance - ROA (Return on Assets) - average over 3 years                                                | 3.8%                                 | 4.25%                                                              | 4.71%                                                            | 25%   
|CV's financial strength (investment grade status) is restored                                                                                 | Move to positive outlook BB+         | Achieve investment grade status (BBB- or better)/ negative outlook | Achieve investment grade status (BBB- or better)/ stable outlook | 30%   
|CV's % of the East Region electric utilities weighted average in overall customer perception as measured by J.D. Power (average over 3 years) | 100% of East Region weighted average | 102.5% of East Region weighted average                             | 105% of East Region weighted average                             | 25%   
|Service Quality as determined by the SERVE matrix.                                                                                            | 3                                    | 4                                                                  | 5                                                                | 20%   

|The multiple of Target PeRS is determined by using the weighted performance of the measures above.  Linear interpolation is used for actual performance between performance points specified above for the quantitative measures.
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|Exhibit BPage 2 of 2
|--------------------
|2006 SERVE
Matrix   



|                                        | Target Levels         
|--------------------------------------- | ----------------------
|Service Quality Standard                | Threshold
(Standard)
3
|Call not answered in 20 Seconds         | 25%                   
|Abandon Rate Mon-Fri.7 to 7             | 5%                    
|Abandon Rate After Hours                | 15%                   
|Blocked Calls %                         | 3%                    
|Bills Not Rendered in 7 days            | 0.10%                 
|Billing Errors                          | 0.10%                 
|Payment Processing Satisfaction         | 0.0050%               
|% Meters Reading Not Completed          | 10%                   
|Cust. Requested Line Work Not Completed | 5%                    
|Avg. Delayed Days                       | 5                     
|Transaction Satisfaction                | 80%                   
|Overall Satisfaction                    | 80%                   
|Safety Lost time incidence rate         | 3.5                   
|Safety Lost time severity               | 71                    
|Reliability SAIFI - Rolling 12 months   | 2.5                   
|Reliability CAIDI - Rolling 12 months   | 3.5                   
|% of Complaints (Escalations) to DPS    | 0.07%                 

|Each SERVE measure is equally weighted.
|---------------------------------------