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| CH ENERGY GROUP, INC. | EXHIBIT 12 (i) |
|-----------------------|----------------|

|   |   |   |                                                                          |   | 2010     |   |   | 2009      |   |   | Year Ended December 31, |   |
|--------|--------|--------|-------------------------------------------------------------------------------|--------|----------|--------|--------|-----------|--------|--------|-------------------------|--------|
|   |   |   |                                                                          |   | 3 Months |   |   | 12 Months |   |   | 3 Months                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |   |   |                                                                          |   | Ended    |   |   | Ended     |   |   | Ended                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |   |   | Earnings: ($000)                                                              |   | Mar 31   |   |   | Mar 31    |   |   | Mar 31                  |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |   | 2005 |   |
| A.     |   |   | Net income from Continuing Operations                                         |   | $        | 20,715 |   |      | $      | 36,188 |                    |   | $ | 18,954 |   |   | $ | 34,427 |   |   | $ | 32,609 |   |   | $ | 42,004 |   |   | $ | 44,173 |   |   | $ | 44,619 |   |
| B.     |   |   | Preferred Stock Dividends                                                     |   |     | 242    |   |      |   | 970    |                    |   |   | 242 |   |   |   | 970 |   |   |   | 970 |   |   |   | 970 |   |   |   | 970 |   |   |   | 970 |   |
| C.     |   |   | Federal and State Income Tax                                                  |   |     | 14,033 |   |      |   | 22,996 |                    |   |   | 11,429 |   |   |   | 20,392 |   |   |   | 19,314 |   |   |   | 20,960 |   |   |   | 23,636 |   |   |   | 25,931 |   |
|   |   | Less   | Income from Equity Investments                                                |   |     | 234    |   |      |   | 233    |                    |   |   | 230 |   |   |   | 229 |   |   |   | 568 |   |   |   | 1,895 |   |   |   | 1,810 |   |   |   | 1,456 |   |
|   |   | Plus   | Cash Distribution from Equity Investments                                     |   |     | 54     |   |      |   | 1,140  |                    |   |   | 689 |   |   |   | 1,775 |   |   |   | 2,463 |   |   |   | 3,427 |   |   |   | 1,315 |   |   |   | 1,833 |   |
| D.     |   |   | Earnings before Income Taxes and Equity Investments                           |   | $        | 34,810 |   |      | $      | 61,061 |                    |   | $ | 31,084 |   |   | $ | 57,335 |   |   | $ | 54,788 |   |   | $ | 65,466 |   |   | $ | 68,284 |   |   | $ | 71,897 |   |
| E.     |   |   | Fixed Charges                                                                 |   |     |   |   |      |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |   |   | Interest on Other-Long-Term Debt                                              |   |     | 5,609  |   |      |   | 21,828 |                    |   |   | 4,780 |   |   |   | 20,999 |   |   |   | 20,518 |   |   |   | 18,653 |   |   |   | 16,425 |   |   |   | 13,826 |   |
|   |   |   | Other Interest                                                                |   |     | 1,517  |   |      |   | 4,667  |                    |   |   | 846 |   |   |   | 3,996 |   |   |   | 3,360 |   |   |   | 3,189 |   |   |   | 3,622 |   |   |   | 2,577 |   |
|   |   |   | Interest Portion of Rents(1)                                                  |   |     | 274    |   |      |   | 1,002  |                    |   |   | 315 |   |   |   | 1,043 |   |   |   | 1,220 |   |   |   | 1,278 |   |   |   | 1,112 |   |   |   | 1,077 |   |
|   |   |   | Amortization of Premium & Expense on Debt                                 |   |     | 224    |   |      |   | 936    |                    |   |   | 244 |   |   |   | 956 |   |   |   | 982 |   |   |   | 963 |   |   |   | 991 |   |   |   | 1,043 |   |
|   |   |   | Preferred Stock Dividends Requirements of Central Hudson                      |   |     | 381    |   |      |   | 1,512  |                    |   |   | 372 |   |   |   | 1,492 |   |   |   | 1,502 |   |   |   | 1,411 |   |   |   | 1,402 |   |   |   | 1,456 |   |
|   |   |   | Total Fixed Charges                                                           |   | $        | 8,005  |   |      | $      | 29,945 |                    |   | $ | 6,557 |   |   | $ | 28,486 |   |   | $ | 27,582 |   |   | $ | 25,494 |   |   | $ | 23,552 |   |   | $ | 19,979 |   |
|   |   | Less   | Preferred Stock Dividends Requirements of Central Hudson                      |   |     | 381    |   |      |   | 1,512  |                    |   |   | 372 |   |   |   | 1,492 |   |   |   | 1,502 |   |   |   | 1,411 |   |   |   | 1,402 |   |   |   | 1,456 |   |
| F.     |   |   | Total Earnings                                                                |   | $        | 42,434 |   |      | $      | 89,494 |                    |   | $ | 37,269 |   |   | $ | 84,329 |   |   | $ | 80,868 |   |   | $ | 89,549 |   |   | $ | 90,434 |   |   | $ | 90,420 |   |
|   |   |   |                                                                          |   |     |   |   |      |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |   |   | Preferred Dividend Requirements:                                              |   |     |   |   |      |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| G.     |   |   | Allowance for Preferred Stock Dividends Under IRC Sec. 247                    |   | $        | 242    |   |      | $      | 970    |                    |   | $ | 242 |   |   | $ | 970 |   |   | $ | 970 |   |   | $ | 970 |   |   | $ | 970 |   |   | $ | 970 |   |
| H.     |   |   | Less Allowable Dividend Deduction                                             |   |     | (32    | )      |      |   | (127   | )                       |   |   | (32 | ) |   |   | (127 | ) |   |   | (127 | ) |   |   | (127 | ) |   |   | (127 | ) |   |   | (127 | ) |
| I.     |   |   | Net Subject to Gross-Up                                                       |   |     | 210    |   |      |   | 843    |                    |   |   | 210 |   |   |   | 843 |   |   |   | 843 |   |   |   | 843 |   |   |   | 843 |   |   |   | 843 |   |
| J.     |   |   | Ratio of Earnings before Income Taxes and Equity Inv. To Net Income (D/(A+B)) |   |     | 1.661  |   |      |   | 1.643  |                    |   |   | 1.619 |   |   |   | 1.620 |   |   |   | 1.632 |   |   |   | 1.523 |   |   |   | 1.513 |   |   |   | 1.577 |   |
| K.     |   |   | Preferred Dividend (Pre-tax) (I x J)                                          |   |     | 349    |   |      |   | 1,385  |                    |   |   | 340 |   |   |   | 1,365 |   |   |   | 1,375 |   |   |   | 1,284 |   |   |   | 1,275 |   |   |   | 1,329 |   |
| L.     |   |   | Plus Allowable Dividend Deduction                                             |   |     | 32     |   |      |   | 127    |                    |   |   | 32 |   |   |   | 127 |   |   |   | 127 |   |   |   | 127 |   |   |   | 127 |   |   |   | 127 |   |
| M.     |   |   | Preferred Dividend Factor                                                     |   | $        | 381    |   |      | $      | 1,512  |                    |   | $ | 372 |   |   | $ | 1,492 |   |   | $ | 1,502 |   |   | $ | 1,411 |   |   | $ | 1,402 |   |   | $ | 1,456 |   |
|   |   |   |                                                                          |   |     |   |   |      |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| N.     |   |   | Ratio of Earnings to Fixed Charges (F/E)                                      |   |     | 5.3    |   |      |   | 3.0    |                    |   |   | 5.7 |   |   |   | 3.0 |   |   |   | 2.9 |   |   |   | 3.5 |   |   |   | 3.8 |   |   |   | 4.5 |   |

| (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 | EXHIBIT 12 (i)(i) |
|-----------------------------------------------|-------------------|

|   |   |                                                             |   | 2010     |   |   | 2009      |   |   | Year Ended December 31, |   |
|--------|--------|------------------------------------------------------------------|--------|----------|--------|--------|-----------|--------|--------|-------------------------|--------|
|   |   |                                                             |   | 3 Months |   |   | 12 Months |   |   | 3 Months                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |   |                                                             |   | Ended    |   |   | Ended     |   |   | Ended                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |   | Earnings: ($000)                                                 |   | Mar 31   |   |   | Mar 31    |   |   | Mar 31                  |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |   | 2005 |   |
| A.     |   | Net income                                                       |   | $        | 16,645 |   |      | $      | 36,828 |                    |   | $ | 12,593 |   |   | $ | 32,776 |   |   | $ | 27,238 |   |   | $ | 33,436 |   |   | $ | 34,871 |   |   | $ | 35,635 |   |
| B.     |   | Federal and State Income Tax                                     |   |     | 11,480 |   |      |   | 23,816 |                    |   |   | 8,806 |   |   |   | 21,142 |   |   |   | 19,273 |   |   |   | 20,326 |   |   |   | 21,528 |   |   |   | 23,936 |   |
| C.     |   | Earnings before Income Taxes                                     |   | $        | 28,125 |   |      | $      | 60,644 |                    |   | $ | 21,399 |   |   | $ | 53,918 |   |   | $ | 46,511 |   |   | $ | 53,762 |   |   | $ | 56,399 |   |   | $ | 59,571 |   |
| D.     |   | Fixed Charges                                                    |   |     |   |   |      |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |   | Interest on Other-Long-Term Debt                                 |   |     | 4,773  |   |      |   | 18,823 |                    |   |   | 4,780 |   |   |   | 18,830 |   |   |   | 20,518 |   |   |   | 18,653 |   |   |   | 16,425 |   |   |   | 13,826 |   |
|   |   | Other Interest                                                   |   |     | 1,480  |   |      |   | 5,513  |                    |   |   | 1,220 |   |   |   | 5,253 |   |   |   | 4,495 |   |   |   | 4,378 |   |   |   | 3,622 |   |   |   | 2,577 |   |
|   |   | Interest Portion of Rents(1)                                     |   |     | 199    |   |      |   | 625    |                    |   |   | 209 |   |   |   | 635 |   |   |   | 788 |   |   |   | 898 |   |   |   | 818 |   |   |   | 835 |   |
|   |   | Amortization of Premium & Expense on Debt                    |   |     | 224    |   |      |   | 936    |                    |   |   | 244 |   |   |   | 956 |   |   |   | 982 |   |   |   | 963 |   |   |   | 991 |   |   |   | 1,043 |   |
|   |   | Total Fixed Charges                                              |   | $        | 6,676  |   |      | $      | 25,897 |                    |   | $ | 6,453 |   |   | $ | 25,674 |   |   | $ | 26,783 |   |   | $ | 24,892 |   |   | $ | 21,856 |   |   | $ | 18,281 |   |
|   |   |                                                             |   |     |   |   |      |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| E.     |   | Total Earnings                                                   |   | $        | 34,801 |   |      | $      | 86,541 |                    |   | $ | 27,852 |   |   | $ | 79,592 |   |   | $ | 73,294 |   |   | $ | 78,654 |   |   | $ | 78,255 |   |   | $ | 77,852 |   |
|   |   |                                                             |   |     |   |   |      |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |   | Preferred Dividend Requirements:                                 |   |     |   |   |      |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| F.     |   | Allowance for Preferred Stock Dividends Under IRC Sec. 247       |   | $        | 242    |   |      | $      | 970    |                    |   | $ | 242 |   |   | $ | 970 |   |   | $ | 970 |   |   | $ | 970 |   |   | $ | 970 |   |   | $ | 970 |   |
| G.     |   | Less Allowable Dividend Deduction                                |   |     | (32    | )      |      |   | (127   | )                       |   |   | (32 | ) |   |   | (127 | ) |   |   | (127 | ) |   |   | (127 | ) |   |   | (127 | ) |   |   | (127 | ) |
| H.     |   | Net Subject to Gross-Up                                          |   |     | 210    |   |      |   | 843    |                    |   |   | 210 |   |   |   | 843 |   |   |   | 843 |   |   |   | 843 |   |   |   | 843 |   |   |   | 843 |   |
| I.     |   | Ratio of Earnings before Income Taxes to Net Income (C/A)        |   |     | 1.690  |   |      |   | 1.647  |                    |   |   | 1.699 |   |   |   | 1.645 |   |   |   | 1.708 |   |   |   | 1.608 |   |   |   | 1.617 |   |   |   | 1.672 |   |
| J.     |   | Preferred Dividend (Pre-tax) (H x I)                             |   |     | 355    |   |      |   | 1,388  |                    |   |   | 357 |   |   |   | 1,387 |   |   |   | 1,440 |   |   |   | 1,356 |   |   |   | 1,363 |   |   |   | 1,409 |   |
| K.     |   | Plus Allowable Dividend Deduction                                |   |     | 32     |   |      |   | 127    |                    |   |   | 32 |   |   |   | 127 |   |   |   | 127 |   |   |   | 127 |   |   |   | 127 |   |   |   | 127 |   |
| L.     |   | Preferred Dividend Factor                                        |   |     | 387    |   |      |   | 1,515  |                    |   |   | 389 |   |   |   | 1,514 |   |   |   | 1,567 |   |   |   | 1,483 |   |   |   | 1,490 |   |   |   | 1,536 |   |
| M.     |   | Fixed Charges (D)                                                |   |     | 6,676  |   |      |   | 25,897 |                    |   |   | 6,453 |   |   |   | 25,674 |   |   |   | 26,783 |   |   |   | 24,892 |   |   |   | 21,856 |   |   |   | 18,281 |   |
| N.     |   | Total Fixed Charges and Preferred Dividends                      |   | $        | 7,063  |   |      | $      | 27,412 |                    |   | $ | 6,842 |   |   | $ | 27,188 |   |   | $ | 28,350 |   |   | $ | 26,375 |   |   | $ | 23,346 |   |   | $ | 19,817 |   |
|   |   |                                                             |   |     |   |   |      |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| O.     |   | Ratio of Earnings to Fixed Charges (E/D)                         |   |     | 5.2    |   |      |   | 3.3    |                    |   |   | 4.3 |   |   |   | 3.1 |   |   |   | 2.7 |   |   |   | 3.2 |   |   |   | 3.6 |   |   |   | 4.3 |   |
| P.     |   | Ratio of Earnings to Fixed Charges and Preferred Dividends (E/N) |   |     | 4.9    |   |      |   | 3.2    |                    |   |   | 4.1 |   |   |   | 2.9 |   |   |   | 2.6 |   |   |   | 3.0 |   |   |   | 3.4 |   |   |   | 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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