September 30, 2008

For Release:            Immediately

Contact:            Denise D. VanBuren, (845) 471-8323

CH Energy Group, Inc. Declares Common Stock Dividend

(Poughkeepsie, NY) The Board of Directors of CH Energy Group, Inc., (NYSE: CHG) at its regularly scheduled meeting today, declared a quarterly dividend of 54 cents per share of its Common Stock, payable November 3, 2008, to holders of record October 10, 2008.

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