CH ENERGY GROUP, INC.
Computation of Ratio of Earnings to Fixed Charges	EXHIBIT 12 (i)

			2008									2007						Year Ended December 31,
			3 Months Ended June 30			6 Months Ended June 30			12 Months Ended June 30			3 Months Ended June 30			6 Months Ended June 30			2007			2006			2005			2004			2003
		Earnings: ($000)
A.		Net income from Continuing Operations	$	1,670		$	20,971		$	36,720		$	5,189		$	26,887		$	42,636		$	43,084		$	44,291		$	42,423		$	43,985
B.		Preferred Stock Dividends		242			485			970			242			485			970			970			970			970			1,387
C.		Federal and State Income Tax		972			12,909			20,551			1,293			14,256			21,898			23,769			25,819			31,256			30,435
	Less	Income from Equity Investments		66			335			686			349			1,544			1,895			1,810			1,456			922			865
	Plus	Cash Distribution from Equity Investments		407			824			2,431			549			1,820			3,427			1,005			1,833			1,776			1,249
D.		Earnings before Income Taxes and Equity Inv.	$	3,225		$	34,854		$	59,986		$	6,924		$	41,904		$	67,036		$	67,018		$	71,457		$	75,503		$	76,191
E.		Fixed Charges
		Interest on Mortgage Bonds		—			—			—			—			—			—			—			—			—			570
		Interest on Other-Long-Term Debt		5,049			10,138			19,805			4,495			8,986			18,653			16,425			13,826			11,488			10,699
		Other Interest		1,210			2,412			4,812			987			1,979			4,379			3,622			2,577			5,517			9,828
		Interest Portion of Rents(1)		303			652			1,336			288			594			1,278			1,112			1,077			1,192			1,040
		Amortization of Premium & Expense on Debt		244			488			967			238			484			963			991			1,043			1,066			1,159
		Preferred Stock Dividends Requirements of Central Hudson		386			748			1,469			300			709			1,423			1,409			1,458			1,594			2,243
		Total Fixed Charges	$	7,192		$	14,438		$	28,389		$	6,308		$	12,752		$	26,696		$	23,559		$	19,981		$	20,857		$	25,539
	Less	Preferred Stock Dividends Requirements of Central Hudson		386			748			1,469			300			709			1,423			1,409			1,458			1,594			2,243
F.		Total Earnings	$	10,031		$	48,544		$	86,906		$	12,932		$	53,947		$	92,309		$	89,168		$	89,980		$	94,766		$	99,487
		Preferred Dividend Requirements:
G.		Allowance for Preferred Stock Dividends Under IRC Sec. 247	$	242		$	485		$	970		$	242		$	485		$	970		$	970		$	970		$	970		$	1,387
H.		Less Allowable Dividend Deduction		(32	)		(64	)		(127	)		(32	)		(64	)		(127	)		(127	)		(127	)		(127	)		(127	)
I.		Net Subject to Gross-Up		210			421			843			210			421			843			843			843			843			1,260
J.		Ratio of Earnings before Income Taxes and Equity Inv. To Net Income (D/(A+B))		1.687			1.624			1.592			1.275			1.531			1.537			1.521			1.579			1.740			1.679
K.		Preferred Dividend (Pre-tax) (I x J)		354			684			1,342			268			645			1,296			1,282			1,331			1,467			2,116
L.		Plus Allowable Dividend Deduction		32			64			127			32			64			127			127			127			127			127
M.		Preferred Dividend Factor		386			748			1,469			300			709			1,423			1,409			1,458			1,594			2,243
N.		Ratio of Earnings to Fixed Charges (F/E)		1.4			3.4			3.1			2.1			4.2			3.5			3.8			4.5			4.5			3.9

(1) The percentage of rent included in the fixed charges calculation is a reasonable approximation of the interest factor.

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

		2008									2007						Year Ended December 31,
		3 Months Ended June 30			6 Months Ended June 30			12 Months Ended June 30			3 Months Ended June 30			6 Months Ended June 30			2007			2006			2005			2004			2003
	Earnings: ($000)
A.	Net income	$	4,191		$	15,938		$	30,741		$	5,262		$	18,633		$	33,436		$	34,871		$	35,635		$	38,648		$	38,875
B.	Federal and State Income Tax		2,604			10,866			20,321			2,444			10,871			20,326			21,528			23,936			28,426			26,981
C.	Earnings before Income Taxes	$	6,795		$	26,804		$	51,062		$	7,706		$	29,504		$	53,762		$	56,399		$	59,571		$	67,074		$	65,856
D.	Fixed Charges
	Interest on Mortgage Bonds		—			—			—			—			—			—			—			—			—			570
	Interest on Other-Long-Term Debt		5,049			10,138			19,805			4,495			8,986			18,653			16,425			13,826			11,488			10,699
	Other Interest		981			1,995			4,394			987			1,979			4,378			3,622			2,577			5,517			9,828
	Interest Portion of Rents(1)		197			442			923			197			417			898			818			835			954			768
	Amortization of Premium & Expense on Debt		244			488			967			238			484			963			991			1,043			1,066			1,159
	Total Fixed Charges	$	6,471		$	13,063		$	26,089		$	5,917		$	11,866		$	24,892		$	21,856		$	18,281		$	19,025		$	23,024
E.	Total Earnings	$	13,266		$	39,867		$	77,151		$	13,623		$	41,370		$	78,654		$	78,255		$	77,852		$	86,099		$	88,880
	Preferred Dividend Requirements:
F.	Allowance for Preferred Stock Dividends Under IRC Sec. 247	$	242		$	485		$	970		$	242		$	485		$	970		$	970		$	970		$	970		$	1,387
G.	Less Allowable Dividend Deduction		(32	)		(64	)		(127	)		(32	)		(64	)		(127	)		(127	)		(127	)		(127	)		(127	)
H.	Net Subject to Gross-Up		210			421			843			210			421			843			843			843			843			1,260
I.	Ratio of Earnings before Income Taxes to Net Income (C/A)		1.621			1.682			1.661			1.464			1.583			1.608			1.617			1.672			1.736			1.694
J.	Preferred Dividend (Pre-tax) (H x I)		340			708			1,400			307			666			1,356			1,363			1,409			1,463			2,134
K.	Plus Allowable Dividend Deduction		32			64			127			32			64			127			127			127			127			127
L.	Preferred Dividend Factor		372			772			1,527			339			730			1,483			1,490			1,536			1,590			2,261
M.	Fixed Charges (D)		6,471			13,063			26,089			5,917			11,866			24,892			21,856			18,281			19,025			23,024
N.	Total Fixed Charges and Preferred Dividends	$	6,843		$	13,835		$	27,616		$	6,256		$	12,596		$	26,375		$	23,346		$	19,817		$	20,615		$	25,285
O.	Ratio of Earnings to Fixed Charges (E/D)		2.1			3.1			3.0			2.3			3.5			3.2			3.6			4.3			4.5			3.9
P.	Ratio of Earnings to Fixed Charges and Preferred Dividends (E/N)		1.9			2.9			2.8			2.2			3.3			3.0			3.4			3.9			4.2			3.5

(1) The percentage of rent included in the fixed charges calculation is a reasonable approximation of the interest factor.

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