For Release:

(POUGHKEEPSIE, NY) The Board of Directors of CH Energy Group, Inc., (NYSE: CHG) at its regularly scheduled meeting today, declared a quarterly dividend of 55.5 cents per share of its Common Stock, payable February 1, 2012, to holders of record as of January 10, 2012.

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About CH Energy Group, Inc.: CH Energy Group, Inc. is predominantly a regulated transmission and distribution utility, headquartered in Poughkeepsie, NY. Central Hudson Gas & Electric Corporation serves approximately 300,000 electric and about 74,000 natural gas customers in eight counties of New York State’s Mid-Hudson River Valley, delivering natural gas and electricity in a 2,600-square-mile service territory that extends north from the suburbs of metropolitan New York City to the Capital District at Albany.  CH Energy Group also operates Central Hudson Enterprises Corporation (CHEC), a non-regulated subsidiary composed primarily of Griffith Energy Services, which supplies energy products and services to approximately 57,000 customers in the Mid Atlantic Region.