Central Hudson Gas & Electric Corp. Names New Controller

(Poughkeepsie, New York) A Certified Public Accountant with a decade's worth of experience within the energy industry has been appointed Controller of Central Hudson Gas & Electric Corporation, a subsidiary of CH Energy Group, Inc. (NYSE:CHG). Kimberly J. Wright, who has served at Northeast Utilities since 1995, joined the regional energy firm today with responsibility for utility accounting and financial reporting.

"We welcome Kim to our Company, and I'm confident that she'll bring great value to our customers and our shareholders alike," said Christopher M. Capone, Chief Financial Officer and Treasurer. "Her experience within the energy industry will be extremely beneficial as we continue to grow our business operations."

Wright will report to Donna S. Doyle, Vice President of Accounting and Controller of CH Energy Group, Inc.

Wright most recently served as Director of Utility Group, Budgets and Forecasts for Northeast Utilities Service Company and had overall responsibility for budgeting and forecasting for four regulated utilities: Connecticut Light and Power, Yankee Gas, Western Massachusetts Electric Company and Public Service of New Hampshire. She was charged with ensuring that her company's strategic planning process was properly linked between its operation and financial components, monitoring regulatory bodies to identify potential earnings impacts, serving as a member of the Northeast Utilities Disclosure Committee, and many other additional responsibilities.

She joined Northeast Utilities in 1995 as a Financial Analyst, and spent the prior six years with Coopers & Lybrand, LLP, as a manager of accounts within several industries. She holds a bachelor's of science degree in accounting from the University of Connecticut.

About CH Energy Group, Inc.
With more than 450,000 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 367,000 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, a non-regulated subsidiary, is the umbrella for a family of energy-related companies and investments focused primarily on fuel oil distribution and renewable energy. CHEC's fuel distribution business supplies energy products and services to more than 85,000 customers in seven states, stretching from Connecticut to the Washington, D.C. area. CHEC also has interests in a Lexington, Neb., ethanol plant, two wind power projects, and a biomass plant in upstate New York.

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Forward-Looking Statements
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