CENTRAL HUDSON GAS & ELECTRIC CORPORATION	Exhibit (12) (i) (i)
Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Fixed Charges and Preferred Dividends

		2007									2006						Year Ended December 31,
		3 Months Ended Sept 30			9 Months Ended Sept 30			12 Months Ended Sept 30			3 Months Ended Sept 30			9 Months Ended Sept 30			2006			2005			2004			2003			2002
	Earnings: ($000)
A.	Net Income	$	6,105		$	24,738		$	31,658		$	10,773		$	27,951		$	34,871		$	35,635		$	38,648		$	38,875		$	32,524
B.	Federal & State Income Tax		4,161			15,032			18,470			5,534			18,090			21,528			23,936			28,426			26,981			21,690
C.	Earnings before Income Taxes	$	10,266		$	39,770		$	50,128		$	16,307		$	46,041		$	56,399		$	59,571		$	67,074		$	65,856		$	54,214
D.	Fixed Charges
	Interest on Mortgage Bonds		0			0			0			0			0			0			0			0			570			2,136
	Interest on Other Long-Term                   Debt		4,616			13,603			17,889			4,115			12,139			16,425			13,826			11,488			10,699			9,819
	Other Interest		1,322			3,301			4,075			1,105			2,848			3,622			2,577			5,517			9,828	(1)		11,772
	Interest Portion of Rents (2)		206			623			857			192			584			818			835			954			768			749
	Amortization of Premium &                  Expense on Debt		236			720			976			245			735			991			1,043			1,066			1,159			1,249
E.	Total Fixed Charges	$	6,380		$	18,247		$	23,797		$	5,657		$	16,306		$	21,856		$	18,281		$	19,025		$	23,024		$	25,725
	Total Earnings	$	16,646		$	58,017		$	73,925		$	21,964		$	62,347		$	78,255		$	77,852		$	86,099		$	88,880		$	79,939
	Preferred Dividend Requirements:
F.	Allowance for Preferred Stock          Dividends Under IRC Sec 247	$	242		$	727		$	970		$	242		$	727		$	970		$	970		$	970		$	1,387	(1)	$	2,161
G.	Less Allowable Dividend Deduction		(32	)		(96	)		(127	)		(32	)		(96	)		(127	)		(127	)		(127	)		(127	)		(127	)
H.	Net Subject to Gross-up		210			631			843			210			631			843			843			843			1,260			2,034
I.	Ratio of Earnings before Income          Taxes to Net Income   (C/A)		1.682			1.608			1.583			1.514			1.647			1.617			1.672			1.736			1.694			1.667
J.	Pref. Dividend (Pre-tax)   (H x I)		353			1,015			1,334			318			1,039			1,363			1,409			1,463			2,134			3,391
K.	Plus Allowable Dividend Deduction		32			96			127			32			96			127			127			127			127			127
L.	Preferred Dividend Factor		385			1,111			1,461			350			1,135			1,490			1,536			1,590			2,261			3,518
M.	Fixed Charges   (D)		6,380			18,247			23,797			5,657			16,306			21,856			18,281			19,025			23,024			25,725
N.	Total Fixed Charges and Preferred         Dividends	$	6,765		$	19,358		$	25,258		$	6,007		$	17,441		$	23,346		$	19,817		$	20,615		$	25,285		$	29,243
O.	Ratio of Earnings to Fixed Charges          (E/D)		2.6			3.2			3.1			3.9			3.8			3.6			4.3			4.5			3.9			3.1
P.	Ratio of Earnings to Fixed Charges      and Preferred Dividends   (E/N)		2.5			3.0			2.9			3.7			3.6			3.4			3.9			4.2			3.5			2.7

(1)	Reflects SFAS No. 150, titled Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity, reclassification of $208,750 in preferred stock dividends to interest expense for the quarter ended September 30, 2003.
(2)	The percentage of rent included in the fixed charges calculation is a reasonable approximation of the interest factor.

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