The Board of Directors of Central Hudson Gas & Electric Corporation, acting on March 15, 2006, declared cash 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 April 3, 2006, to holders of record on March 26, 2006.