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

                                November 3, 2004
                Date of Report (Date of earliest event reported)

                        GREEN MOUNTAIN POWER CORPORATION
             (Exact name of registrant as specified in its charter)


                                     VERMONT
                 (State of other jurisdiction of incorporation)


     1-8291     03-0127430
     (Commission File Number)          (IRS Employer Identification Number)


                                 163 ACORN  LANE
                              COLCHESTER, VT 05446
              (Address and zip code of principal executive offices)

                                 (802) 864-5731
              (Registrant's telephone number, including area code)

                                       N/A
          (Former name of 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))
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ITEM  8.01.  OTHER  EVENTS

     On  November  3,  2004, Standard and Poor's Ratings Services issued a press
release  announcing  that  it  had  raised  the corporate credit rating of Green
Mountain Power Corporation (the "Company") to BBB.  A copy of this press release
is  being  furnished  as  Exhibit  99.1  to  this  Current  Report  on Form 8-K.


ITEM  9.01  FINANCIAL  STATEMENTS,  PROFORMA FINANCIAL INFORMATION AND EXHIBITS.
(c)  Exhibit  99.1 Standard and Poor's Ratings Services Press Release Announcing
the  corporate  credit  rating  for  the  Company  was  raised to BBB, furnished
pursuant  to  Item  8.01.


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:  November  5,  2004     By:Robert  J.  Griffin
                               ----------------------
Robert  J.  Griffin,  CHIEF  FINANCIAL  OFFICER,  VICE  PRESIDENT  AND TREASURER