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

			2008									2007						Year Ended December 31,
			3 Months Ended Sep 30			9 Months Ended Sep 30			12 Months Ended Sep 30			3 Months Ended Sep 30			9 Months Ended Sep 30			2007			2006			2005			2004			2003
		Earnings: ($000)
A.		Net income from Continuing Operations	$	2,885		$	23,856		$	35,276		$	4,329		$	31,216		$	42,636		$	43,084		$	44,291		$	42,423		$	43,985
B.		Preferred Stock Dividends		242			727			970			242			727			970			970			970			970			1,387
C.		Federal and State Income Tax		1,193			14,102			19,859			1,885			16,141			21,898			23,769			25,819			31,256			30,435
	Less	Income from Equity Investments		123			459			639			171			1,715			1,895			1,810			1,456			922			865
	Plus	Cash Distribution from Equity Investments		913			2,294			2,978			922			2,743			3,427			1,005			1,833			1,776			1,249
D.		Earnings before Income Taxes and Equity Inv.	$	5,110		$	40,520		$	58,444		$	7,207		$	49,112		$	67,036		$	67,018		$	71,457		$	75,503		$	76,191
E.		Fixed Charges
		Interest on Mortgage Bonds		—			—			—			—			—			—			—			—			—			570
		Interest on Other-Long-Term Debt		4,926			15,064			20,114			4,616			13,603			18,653			16,425			13,826			11,488			10,699
		Other Interest		1,413			3,826			4,903			1,323			3,302			4,379			3,622			2,577			5,517			9,828
		Interest Portion of Rents(1)		327			979			1,366			297			891			1,278			1,112			1,077			1,192			1,040
		Amortization of Premium & Expense on Debt		244			732			975			236			720			963			991			1,043			1,066			1,159
		Preferred Stock Dividends Requirements of Central Hudson		375			1,136			1,486			363			1,066			1,423			1,409			1,458			1,594			2,243
		Total Fixed Charges	$	7,285		$	21,737		$	28,844		$	6,835		$	19,582		$	26,696		$	23,559		$	19,981		$	20,857		$	25,539
	Less	Preferred Stock Dividends Requirements of Central Hudson		375			1,136			1,486			363			1,066			1,423			1,409			1,458			1,594			2,243
F.		Total Earnings	$	12,020		$	61,121		$	85,802		$	13,679		$	67,628		$	92,309		$	89,168		$	89,980		$	94,766		$	99,487
		Preferred Dividend Requirements:
G.		Allowance for Preferred Stock Dividends Under IRC Sec. 247	$	242		$	727		$	970		$	242		$	727		$	970		$	970		$	970		$	970		$	1,387
H.		Less Allowable Dividend Deduction		(32	)		(96	)		(127	)		(32	)		(96	)		(127	)		(127	)		(127	)		(127	)		(127	)
I.		Net Subject to Gross-Up		210			631			843			210			631			843			843			843			843			1,260
J.		Ratio of Earnings before Income Taxes and Equity Inv. To Net Income (D/(A+B))		1.634			1.648			1.612			1.577			1.537			1.537			1.521			1.579			1.740			1.679
K.		Preferred Dividend (Pre-tax) (I x J)		343			1,040			1,359			331			970			1,296			1,282			1,331			1,467			2,116
L.		Plus Allowable Dividend Deduction		32			96			127			32			96			127			127			127			127			127
M.		Preferred Dividend Factor		375			1,136			1,486			363			1,066			1,423			1,409			1,458			1,594			2,243
N.		Ratio of Earnings to Fixed Charges (F/E)		1.6			2.8			3.0			2.0			3.5			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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