-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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 e6WYQr57CdEskvc3lHDV1Q==

<SEC-DOCUMENT>0001181431-07-025419.txt : 20070416
<SEC-HEADER>0001181431-07-025419.hdr.sgml : 20070416
<ACCEPTANCE-DATETIME>20070416140250
ACCESSION NUMBER:		0001181431-07-025419
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070412
FILED AS OF DATE:		20070416
DATE AS OF CHANGE:		20070416

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BANKOWSKI ELIZABETH A
		CENTRAL INDEX KEY:			0001247206

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08291
		FILM NUMBER:		07767810

	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>rrd154323.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-04-12</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001247206</rptOwnerCik>
            <rptOwnerName>BANKOWSKI ELIZABETH A</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>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-04-12</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>4688</value>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>35.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Options (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>18.95</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2007-04-12</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <value>2012-05-16</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Under the Agreement and Plan of Merger by and among Northern New England Energy Corporation, Northstars Merger Subsidiary Corporation and Green Mountain Power Corporation pursuant to which Northstars Merger Subsidiary Corporation was merged into Green Mountain Power Corporation (the &quot;Merger&quot;), each share of Green Mountain Power Corporation common stock outstanding at the effective time of the Merger was converted into the right to receive $35.00 in cash.</footnote>
        <footnote id="F2">Includes 2,413 deferred stock units for which vesting has been deferred and which will be paid, with interest, no later than January 2, 2008.  Under the Agreement and Plan of Merger, at the effective time of the Merger each deferred stock unit was cancelled in exchange for the right to receive the product of (i) the number of shares subject to such deferred stock units and (ii) $35.00 in cash.</footnote>
        <footnote id="F3">Under the Agreement and Plan of Merger, each outstanding stock option outstanding at the effective time of the Merger was cancelled in exchange for a cash payment equal to the product of (i) the total number of shares subject to such option and (ii) the amount by which $35.00 exceeds the exercise price per share subject to such option.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/Donald J. Rendall, Jr., Attorney-In-Fact</signatureName>
        <signatureDate>2007-04-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----