-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 U4LCZ9wxV6iTgpoNy1ty8D6s1aJB85Hqkhf3wIwpPIGPswQDKqW4cJ6QH3dK7//3
 Ska/8KunJG5HJUMBenVk1A==

<SEC-DOCUMENT>0000043704-04-000023.txt : 20040311
<SEC-HEADER>0000043704-04-000023.hdr.sgml : 20040311
<ACCEPTANCE-DATETIME>20040311105653
ACCESSION NUMBER:		0000043704-04-000023
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040309
FILED AS OF DATE:		20040311

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CHICKERING LORRAINE E
		CENTRAL INDEX KEY:			0001247216

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08291
		FILM NUMBER:		04662034

	MAIL ADDRESS:	
		STREET 1:		GREEN MOUNTAIN POWER CORP
		STREET 2:		163 ACORN LANE
		CITY:			COLCHESTER
		STATE:			VT
		ZIP:			05446

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GREEN MOUNTAIN POWER CORP
		CENTRAL INDEX KEY:			0000043704
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				030127430
		STATE OF INCORPORATION:			VT
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		163 ACORN LANE
		STREET 2:		.
		CITY:			COLCHESTER
		STATE:			VT
		ZIP:			05446
		BUSINESS PHONE:		8028645731

	MAIL ADDRESS:	
		STREET 1:		163 ACORN LANE
		STREET 2:		.
		CITY:			COLCHESTER
		STATE:			VT
		ZIP:			05446
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c0001247216d20040311f4f.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-03-09</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000043704</issuerCik>
        <issuerName>GREEN MOUNTAIN POWER CORP</issuerName>
        <issuerTradingSymbol>GMP</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001247216</rptOwnerCik>
            <rptOwnerName>CHICKERING LORRAINE E</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>163 ACORN LANE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>COLCHESTER</rptOwnerCity>
            <rptOwnerState>VT</rptOwnerState>
            <rptOwnerZipCode>05446</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2004-03-09</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>150</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>26.25</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1843</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2004-03-09</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>150</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>26.15</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1693</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">On February 26, 2004, the reporting person terminated her participation in the GMP dividend reinvestment plan.  Immediately prior to such termination, the reporting person held 593.0593 shares under the plan.  In connection with such termination, 593 shares were distributed from the plan and are now held directly by the reporting person, and the remaining fractional share (representing 0.0593 shares) was cashed out in accordance with the terms of the plan.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Donald J. Rendall, Jr., Attorney-In-Fact</signatureName>
        <signatureDate>2004-03-11</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----