CH Energy Group, Inc. : CH Energy Group, Inc. Declares Common Stock Dividend of 55.5 Cents/Share

 CH Energy Group, Inc. : CH Energy Group, Inc. Declares Common Stock Dividend
                             of 55.5 Cents/Share

                                                                  News Release

                                                                March 27, 2013
                                            FOR RELEASE: Immediately
                   CONTACT: Denise D. VanBuren, (845) 471-8323
                                                              

                                                CH Energy Group, Inc. Declares
                                     Common Stock Dividend of 55.5 Cents/Share

(Poughkeepsie, NY) The  Board of Directors  of CH Energy  Group, Inc.,  (NYSE: 
CHG), at its regularly scheduled meeting, today declared a quarterly  dividend 
of 55.5 cents per share of its  Common Stock, payable May 1, 2013, to  holders 
of record on April 10, 2013.
 Approval by the  New York State Public  Service Commission is  now 
the only  remaining regulatory  approval  that is  necessary to  complete  the 
merger between  CH  Energy  Group,  FortisUS Inc.,  Fortis  Inc.  and  Cascade 
Acquisition Sub Inc.
On March 22, 2013,  the Commission extended the  deadline for comments on  the 
merger to May  1, 2013.  While no  assurances can  be given,  CH Energy  Group 
continues to anticipate that the Commission will review and approve the merger
in the second quarter of 2013.
 If the merger is completed on this schedule, CH Energy Group  also 
anticipates that  the dividend  declared today  (payable on  May 1,  2013,  to 
holders of record on April 10, 2013), will be the final dividend declared  and 
paid to holders of  CH Energy Group  Common Stock prior  to completion of  the 
merger.
# # #

About CH  Energy  Group,  Inc.:  CH Energy  Group,  Inc.  is  predominantly  a 
regulated   transmission   and   distribution   utility,   headquartered    in 
Poughkeepsie,  NY.   Central   Hudson   Gas   &   Electric   Corporationserves 
approximately 300,000 electric and about 74,000 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. CH Energy Group also operates Central Hudson Enterprises  Corporation 
(CHEC), a  non-regulated  subsidiary  composed primarily  of  Griffith  Energy 
Services, which supplies energy products and services to approximately  57,000 
customers in the Mid-Atlantic Region

Forward-Looking Statements -

Statements included in this news release and any documents incorporated by
reference which are not historical in nature are intended to be, and are
hereby identified as, "forward-looking statements" for purposes of the safe
harbor provided by Section21E of the Exchange Act. Forward-looking
statements may be identified by words including "anticipates," "intends,"
"estimates," "believes," "projects," "expects," "plans," "assumes," "seeks,"
and similar expressions. Forward-looking statements including, without
limitation, those relating to CH Energy Group's and Central Hudson's future
business prospects, revenues, proceeds, working capital, investment
valuations, liquidity, income, and margins, as well as the acquisition by a
subsidiary of Fortis Inc. and the expected timing of the transaction, are
subject to certain risks and uncertainties that could cause actual results to
differ materially from those indicated in the forward-looking statements, due
to several important factors, including those identified from time to time in
the forward-looking statements. Those factors include, but are not limited to:
the possibility that various conditions precedent to the consummation of the
proposed Fortis transaction will not be satisfied or waived, including
regulatory approvals of the proposed Fortis transaction and the timing and
terms thereof; the impact of delay or failure to complete the proposed Fortis
transaction on CH Energy Group's stock price; the costs associated with the
proposed Fortis transaction; deviations from normal seasonal weather and storm
activity; fuel prices; energy supply and demand; potential future
acquisitions; legislative, regulatory, and competitive developments; interest
rates; access to capital; market risks; electric and natural gas industry
restructuring and cost recovery; the ability to obtain adequate and timely
rate relief; changes in fuel supply or costs including future market prices
for energy, capacity, and ancillary services; the success of strategies to
satisfy electricity, natural gas, fuel oil, and propane requirements; the
outcome of pending litigation and certain environmental matters, particularly
the status of inactive hazardous waste disposal sites and waste site
remediation requirements; and certain presently unknown or unforeseen factors,
including, but not limited to, acts of terrorism. CH Energy Group and Central
Hudson undertake no obligation to update publicly any forward-looking
statements, whether as a result of new information, future events, or
otherwise.
Given these uncertainties, undue reliance should not be placed on the
forward-looking statements.

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Source: CH Energy Group, Inc. via Thomson Reuters ONE
HUG#1688791