Preferred Stock Dividend Declared

(POUGHKEEPSIE, NY) The Board of Directors of Central Hudson Gas & Electric Corporation, by consent on June 1, 2009, from the utility's South Avenue Headquarters, Poughkeepsie, New York, declared dividends of:

•   $1.08-3/4 per share on its 4.35 percent cumulative preferred stock;
•   $1.12-1/2 per share on its 4-1/2 percent cumulative preferred stock;
•   $1.18-3/4 per share on its 4.75 percent cumulative preferred stock; and
•   $1.24 per share on its 4.96 percent cumulative preferred stock.

Each of these dividends will be payable July 1, 2009, to holders of record on June 11, 2009.

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