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 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	$	6,127		$	22,065		$	30,763		$	6,105		$	24,738		$	33,436		$	34,871		$	35,635		$	38,648		$	38,875
B.	Federal and State Income Tax		4,346			15,212			20,506			4,161			15,032			20,326			21,528			23,936			28,426			26,981
C.	Earnings before Income Taxes	$	10,473		$	37,277		$	51,269		$	10,266		$	39,770		$	53,762		$	56,399		$	59,571		$	67,074		$	65,856
D.	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		1,303			3,299			4,376			1,322			3,301			4,378			3,622			2,577			5,517			9,828
	Interest Portion of Rents(1)		218			660			935			206			623			898			818			835			954			768
	Amortization of Premium & Expense on Debt		244			732			975			236			720			963			991			1,043			1,066			1,159
	Total Fixed Charges	$	6,691		$	19,755		$	26,400		$	6,380		$	18,247		$	24,892		$	21,856		$	18,281		$	19,025		$	23,024
E.	Total Earnings	$	17,164		$	57,032		$	77,669		$	16,646		$	58,017		$	78,654		$	78,255		$	77,852		$	86,099		$	88,880
	Preferred Dividend Requirements:
F.	Allowance for Preferred Stock Dividends Under IRC Sec. 247	$	242		$	727		$	970		$	242		$	727		$	970		$	970		$	970		$	970		$	1,387
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			843			1,260
I.	Ratio of Earnings before Income Taxes to Net Income (C/A)		1.709			1.689			1.667			1.682			1.608			1.608			1.617			1.672			1.736			1.694
J.	Preferred Dividend (Pre-tax) (H x I)		359			1,066			1,405			353			1,015			1,356			1,363			1,409			1,463			2,134
K.	Plus Allowable Dividend Deduction		32			96			127			32			96			127			127			127			127			127
L.	Preferred Dividend Factor		391			1,162			1,532			385			1,111			1,483			1,490			1,536			1,590			2,261
M.	Fixed Charges (D)		6,691			19,755			26,400			6,380			18,247			24,892			21,856			18,281			19,025			23,024
N.	Total Fixed Charges and Preferred Dividends	$	7,082		$	20,917		$	27,932		$	6,765		$	19,358		$	26,375		$	23,346		$	19,817		$	20,615		$	25,285
O.	Ratio of Earnings to Fixed Charges (E/D)		2.6			2.9			2.9			2.6			3.2			3.2			3.6			4.3			4.5			3.9
P.	Ratio of Earnings to Fixed Charges and Preferred Dividends (E/N)		2.4			2.7			2.8			2.5			3.0			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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