The Board of Directors of Central Hudson Gas & Electric Corporation, at its meeting held today at 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 October 3, 2005, to holders of record on
September 9, 2005.