FOR RELEASE: Immediately

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


December 16, 2005

Common Stock Dividend Declared

The Board of Directors of CH Energy Group, Inc., at its regularly scheduled meeting, today declared a quarterly dividend of 54 cents per share of its Common Stock, payable February 1, 2006, to holders of record January 10, 2006.

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