CH Energy Group, Inc. : CH Energy Group, Inc. : Central Hudson to Redeem Preferred Stock

   CH Energy Group, Inc. : CH Energy Group, Inc. : Central Hudson to Redeem
                               Preferred Stock



                                                                  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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