SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C.  20549

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                                    FORM 8-K


              CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

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                DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
                                DECEMBER 22, 2003

                        GREEN MOUNTAIN POWER CORPORATION
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


   VERMONT                                 03-0127430
(STATE  OR  OTHER JURISDICTION OF INCORPORATION) (I.R.S. EMPLOYER IDENTIFICATION
NUMBER)


                                     1-8291
                             COMMISSION FILE NUMBER


         163  ACORN  LANE,
                 COLCHESTER, VERMONT                       05446
      (ADDRESS  OF  PRINCIPAL  EXECUTIVE  OFFICES)
(ZIP  CODE)





                                    (802) 864-5731
                         (REGISTRANT'S TELEPHONE NUMBER,
                              INCLUDING AREA CODE)















     ITEM  5.  OTHER  EVENTS
     On  December  23,  2003,  Green  Mountain Power Corporation (the "Company")
issued  a press release announcing an order issued by the Vermont Public Service
Board (the "VPSB") on December 22, 2003.  The VPSB order approved the Memorandum
of  Understanding(the  "MOU")  reached  between  the  Company  and  the  Vermont
Department  of Public Service on July  11, 2003.  A copy of the press release is
attached  as exhibit 99.1 to this current report on Form 8-K and is incorporated
by  reference  herein.


     ITEM 7.  FINANCIAL STATEMENTS, PRO-FORMA FINANCIAL INFORMATION AND EXHIBITS
     (c)  Exhibits
     99.1  Press  release issued by the Company on December 23, 2003, announcing
the Vermont Public Service Board order approving the Memorandum of Understanding
between  the  Vermont  Department  of  Public  Service  and  the  Company.





SIGNATURES

     Pursuant  to  the  requirements of the Securities Exchange Act of 1934, the
Registrant  has  duly  cased  this  report  to  be  signed  on its behalf by the
undersigned  thereunto  duly  authorized.

GREEN  MOUNTAIN  POWER  CORPORATION
                              Registrant
DATED:  December  24,  2003      By:/s/ROBERT  J.  GRIFFIN
                                 -------------------------
ROBERT  J.  GRIFFIN,  CHIEF  FINANCIAL  OFFICER,  VICE  PRESIDENT, AND TREASURER

DATED:  December  24,  2003     By:/s/ROBERT  J.  GRIFFIN
                                -------------------------
ROBERT  J.  GRIFFIN,  CHIEF FINANCIAL OFFICER, VICE PRESIDENT, AND TREASURER (AS
PRINCIPAL  FINANCIAL  OFFICER)