(POUGHKEEPSIE, NY) Central Hudson Enterprises Corporation, a wholly owned subsidiary of CH Energy Group, Inc. (NYSE: CHG), has committed to invest up to $5.5 million in a joint venture with Community Energy, Inc. that will own two wind farm projects in the Mid-Atlantic region with other investors:

Central Hudson Enterprises' ownership will represent a minority interest in the projects.

"This investment offered us the opportunity to broaden our involvement in the renewable energy arena, which we believe will continue to grow in coming years," said Steven V. Lant, CH Energy Group's Chairman of the Board, President and C.E.O. "The projects are expected to generate earnings within the next several months, and they will benefit from state and federal incentives to expand renewable electricity production and reduce emissions."

About CH Energy Group
With more than 440,000 customers, CH Energy Group, Inc. is a family of companies seizing new opportunities in the energy marketplace through two primary subsidiaries: Central Hudson Gas & Electric Corporation is a regulated transmission and distribution utility serving approximately 358,000 customers in eight counties of New York State's Mid-Hudson River Valley, and delivering natural gas and electricity in a 2,600-square-mile service territory that extends from the suburbs of metropolitan New York City north to the Capital District at Albany. Central Hudson Enterprises Corporation includes business units delivering energy and related services to nearly 85,000 customers in eight states and the District of Columbia. Its regional footprint stretches from Connecticut to the Washington, D.C. area, as well as an interest in a Lexington, Neb., ethanol plant.

Forward-Looking Statements

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