April 16, 2012
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 two of its four outstanding series of preferred stock to occur on May 18, 2012.
Registered holders of Cumulative Preferred Stock, Series D (4.35 percent) will receive $102 per share, plus accrued and unpaid dividends in the amount of 57 cents per share, for a total redemption price of $102.57 per share.  Registered holders of 4.96% Cumulative Preferred Stock, Series E will receive $101 per share, plus accrued and unpaid dividends in the amount of 65 cents per share, for a total redemption price of $101.65 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.
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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.