Exhibit 10(iii)(1)

AMENDMENT TO
CH ENERGY GROUP, INC.
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

          The CH Energy Group, Inc. Supplemental Executive Retirement Plan, as
amended (the “Plan”) is amended, effective July 30, 2008, as follows:

          1.     Section 2.12 of the Plan is hereby superseded and replaced in
its entirety as set forth below:

“2.12 “Eligible Executive” means an Employee who (i) is an employee of the
Company or of Central Hudson Gas & Electric Corporation who holds an officer
position with the Company or with Central Hudson Gas & Electric Corporation,
(ii) has been selected by the Committee, in its sole discretion, to participate
in the Plan and (iii) is a member of a select group of management or highly
compensated employees within the meaning of Sections 201(2), 301(a)(3) and
401(a) of ERISA.”

          2.     Except as explicitly set forth herein, the Plan will remain in
full force and effect.

          This amendment has been executed by an authorized officer of CH Energy
Group, Inc. on July 30, 2008.

 

 

 

 

CH ENERGY GROUP, INC.

 

 

 

 

 

By:

-s- Steven V. Lant [d74658004.jpg]

 

 

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Name: Steven V. Lant

 

 

Title: Chairman, President and Chief
Executive Officer

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