CH Energy Group Names Vice President of Subsidiary

(Poughkeepsie, New York) Ron Flax-Davidson, a financial executive with more than 25 years experience, has been appointed Vice President of Business Development for Central Hudson Enterprises Corporation, a subsidiary of CH Energy Group, Inc. (NYSE:CHG). Flax-Davidson will oversee the acquisition of new investments and operational management of current renewable energy investments.

Flax-Davidson has held various positions in the banking and finance industry, including as Executive Vice President at Sofitel Capital Corporation, Executive Director of Financing and Transactions at Pace Global Energy Services and Managing Director for Finance at the Overseas Private Investment Corporation. Most recently, as President of the International Investment Group, which he founded in 1993, Flax-Davidson handled financing for domestic and overseas ventures, including renewable energy projects.

Flax-Davidson will report to Capone. He holds a Bachelor of Arts degree in Philosophy from New College in Sarasota, Florida, a law degree from Stetson Law School in St. Petersburg, Florida, and a Masters degree in International Development from Harvard University. He and his wife, Cheryl, will live in Milton in Ulster County, and have two grown daughters, Skylar and Devorah.

About CH Energy Group, Inc.
With nearly 475,000 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 371,000 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 north from the suburbs of metropolitan New York City to the Capital District at Albany.  Central Hudson Enterprises Corporation, a non-regulated subsidiary, is the umbrella for a family of energy-related companies and investments focused primarily on fuel distribution and renewable energy.  Griffith Energy Service’s fuel distribution business supplies energy products and services to approximately 102,000 customers in nine states, stretching from Rhode Island to the Washington, D.C. area.  CHEC also has interests in a Lexington, Neb., ethanol plant, two wind power projects, a biomass plant and participation in a planned landfill gas renewable energy plant in upstate New York.

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Forward-Looking Statements
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