2013-02-15 21:56:56 -

News Release
                                                               February 15, 2013  
                                                        For Release: Immediately
                                         Contact: John Maserjian, (845) 471-8323
                    Central Hudson to Redeem Preferred Stock
(POUGHKEEPSIE,  N.Y.) Central Hudson  Gas & Electric  Corporation has called for
the  redemption of  its two  outstanding series  of preferred  stock to occur on
March 21, 2013.
Registered  holders  of  4 1/2% Cumulative  Preferred  Stock (4.50 percent) will
receive  $107.00 per share, plus accrued  and unpaid dividends to the redemption
date  in the amount of $1.00 per share,  for a total redemption price of $108.00
per share. Registered holders of 4.75% Cumulative Preferred Stock (4.75 percent)
will  receive  $106.75  per  share,  plus  accrued  and  unpaid dividends to the
redemption  date in the amount of $1.056 per share, for a total redemption price
of $107.806 per share.
Computershare  Trust Company, N.A.  will serve as  the Redemption Agent and will
provide  each  registered  holder  with  a  Letter  of Transmittal that includes
redemption instructions. For assistance, holders should contact Computershare at
800-546-5141.
# # #
About Central Hudson
Central Hudson Gas & Electric Corporation is a regulated transmission and
distribution utility company, serving approximately 300,000 electric and 75,000
natural gas customers in eight counties of New York State's Mid-Hudson River
Valley, delivering natural gas and electricity in a 2,600-square-mile service
territory that extends north from the suburbs of metropolitan New York City to
the Capital District at Albany. Central Hudson is a wholly owned subsidiary of
CH Energy Group, Inc., predominantly an energy delivery company headquartered in
Poughkeepsie, NY.





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Source: CH Energy Group, Inc. via Thomson Reuters ONE
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