|EXHIBIT A 10.97.3
CENTRAL VERMONT PUBLIC SERVICE CORPORATION
MANAGEMENT INCENTIVE PLAN

Effective as of January 1, 2007


Execution Copy
February, 2007


CENTRAL VERMONT PUBLIC SERVICE CORPORATION
MANAGEMENT INCENTIVE PLAN

Effective as of January 1, 2007

TABLE OF CONTENTS
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|ARTICLE I   | INTRODUCTION AND PURPOSE                                                    | Page                                                                                                                                                                                                                                                                                                            
|----------- | --------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|            | 1.1                                                                         | Purpose of the Plan                                                                                                                                                                                                                                                                                             
|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 | "Annual Incentive Award"
"Award Payment Date"
"Base Salary"
"Board" or "Board of Directors"
"Change in Control"
"Code"
"Committee"
"Company"
"Effective Date"
"Eligible Employees"
"For Cause"
"Participant"
"Performance Goals"
"Performance Period"
"Permanent and Total Disability"
"Plan"
"Target Potential"
|ARTICLE III | PARTICIPATION                                                               |                                                                                                                                                                                                                                                                                                                 
|            | 3.1                                                                         | Participation                                                                                                                                                                                                                                                                                                   
|ARTICLE IV  | PERFORMANCE GOALS AND AWARD OPPORTUNITIES                                   |                                                                                                                                                                                                                                                                                                                 
|            | 4.1
4.2
4.3
4.4
4.5                                                         | Performance Goals
Performance Levels
Participant Goals
Target Potential
Amount of Award                                                                                                                                                                                                                         
|ARTICLE V   | DETERMINATION AND PAYMENT OF ANNUAL INCENTIVE AWARDS                        |                                                                                                                                                                                                                                                                                                                 
|            | 5.1
5.2
5.3
5.4
5.5                                                         | Timing and Determination of Annual Incentive Awards
Short Performance Year
Termination, Death, Retirement or Permanent and Total Disability
Change in Control
Limitation on Right to Payment of Award                                                                                                           
|ARTICLE VI  | ADMINISTRATION                                                              |                                                                                                                                                                                                                                                                                                                 
|            | 6.1
6.2
6.3                                                                 | Committee
Authority of the Committee
Costs                                                                                                                                                                                                                                                                      
|ARTICLE VII | MISCELLANEOUS                                                               |                                                                                                                                                                                                                                                                                                                 
|            | 7.1
7.2
7.3
7.4
7.5
7.6
7.7
7.8
7.9
7.10
7.11
7.12
7.13
7.14                | Amendment
Termination
Employment Rights
Nonalienation of Benefits
No Funding
Tax Withholding
Controlling Laws
Gender and Number
Action by the Company
Mistake of Fact
Severability
Effect of Headings
No Liability
Successors                                                                                   

|ARTICLE IINTRODUCTION AND PURPOSE
|---------------------------------
|1.1                              

|ARTICLE IIDEFINITIONS
|---------------------
|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                 

|ARTICLE IIIPARTICIPATION
|------------------------
|3.1                     

|ARTICLE IV
PERFORMANCE GOALS AND AWARD OPPORTUNITIES         
|-------------------------------------------------------------
|4.1                                                          
|                                                             
|                                                             
|                                                             
|4.2                                                          
|4.3                                                          
|4.4                                                          
|4.5                                                          
|                                                             
|                                                             
|                                                             
|                                                             
|ARTICLE VDETERMINATION AND PAYMENT OF ANNUAL INCENTIVE AWARDS
|5.1                                                          
|5.2                                                          
|                                                             
|                                                             
|5.3                                                          
|5.4                                                          
|5.5                                                          
|ARTICLE VIADMINISTRATION                                     
|6.1                                                          
|6.2                                                          
|6.3                                                          
|ARTICLE VIIMISCELLANEOUS                                     
|7.1                                                          
|7.2                                                          
|7.3                                                          
|7.4                                                          
|7.5                                                          
|7.6                                                          
|7.7                                                          
|7.8                                                          
|7.9                                                          
|7.10                                                         
|7.11                                                         
|7.12                                                         
|7.13                                                         
|7.14                                                         

|IN WITNESS WHEREOF, the Employer has caused this instrument to be executed by its duly authorized officer as of the 7th day of March, 2007.
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|                                                                                                                                           
|Attest:
By: /s/ Mary C. Marzec                 Mary Marzec
(Corporate Seal)