UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D. C. 20549

                                  FORM 10-K/A

                                AMENDMENT NO. 1
                                ---------------

             ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                       SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended......................December 31, 1999

                        Commission file number: 1-3268

                    CENTRAL HUDSON GAS & ELECTRIC CORPORATION
             ------------------------------------------------
            (Exact name of registrant as specified in its charter)

            New York                               14-0555980
-------------------------------                 -------------
(State or other jurisdiction of                  (I.R.S. Employer
incorporation or organization)                  Identification No.)

284 South Avenue, Poughkeepsie, New York                12601-4879
----------------------------------------              ------------
(Address of principal executive offices)                (Zip Code)

Registrant's telephone number, including area code (914) 452-2000
                                                   --------------

Securities registered pursuant to Section 12(b) of the Act:

                                     NONE

Securities registered pursuant to Section 12(g) of the Act:

                             Title of each class

                          Cumulative Preferred Stock
                                  4 1/2% Series

                                 4.75% Series


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      Indicate by check mark  whether the  Registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
Registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.

            No                     Yes   X
               -----                   -----

      Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrant's  knowledge,  in definitive proxy or information  statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [ ]

      The aggregate market value of the voting and non-voting common equity held
by non-affiliates of the Registrant as of March 1, 2000, was zero.

      The number of shares outstanding of Registrant's Common Stock, as of March
1, 2000 was 16,862,087. All shares are owned by CH Energy Group, Inc.

                      DOCUMENTS INCORPORATED BY REFERENCE

                                    None.


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THESE CASH FLOW STATEMENTS ARE BEING  SUBMITTED DUE TO A TYPOGRAPHICAL  ERROR ON
THE ORIGINAL FORM 10-K FILED ON 3/20/00.

CONSOLIDATED STATEMENT OF CASH FLOWS
(In Thousands)                                  Year ended December 31,
                                             1999        1998        1997
                                             ----        ----        ----
Operating Activities

  Net Income.......................        $ 51,881    $ 52,544   $ 55,086
  Adjustments to reconcile net
      income to net cash provided
      by operating activities:
       Depreciation and amortization
         including nuclear fuel
         amortization...............         51,186      49,011     48,348
     Deferred income taxes, net....           4,219        (116)    14,077
     Allowance for equity funds used
       during construction..........              -        (585)      (387)
     Nine Mile 2 Plant deferred
       finance charges, net.........         (4,855)     (4,855)    (4,855)
     Provisions for uncollectibles.           2,930       2,639      3,493
     Net accrued/deferred pension
      costs........................         (10,968)    (12,277)    (8,555)
      Deferred gas costs...........           3,080       1,072      3,475
      Deferred gas refunds..........            (19)     (1,640)     1,695
     Other - net...................           9,297       4,888      7,233
  Changes in current assets and
   liabilities, net:
     Accounts receivable and unbilled
       utility revenues.............        (10,385)        (46)    (4,420)
     Materials and supplies........          (6,975)        513      3,995
     Special deposits and
       prepayments..................         17,746     (20,613)      (770)
     Accounts payable..............           8,784        (777)    (1,769)
     Accrued taxes and interest....          (6,715)      3,094     (2,107)
     Other current liabilities.....            (221)      1,695        (61)
                                            -------    --------    -------
  Net cash provided by operating
   activities......................         108,985      74,547    114,478
                                            -------    --------    -------








The Notes to Consolidated Financial Statements are an integral part hereof.

                                      55


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CONSOLIDATED STATEMENT OF CASH FLOWS (CONT'D)
(In Thousands)                               1999       1998        1997
                                             ----       ----        ----
Investing Activities
  Additions to plant...............       (46,495)    (45,661)    (43,868)
  Allowance for equity funds used
   during construction.............             -         585         387
                                          -------    --------     -------
  Net additions to plant...........       (46,495)    (45,076)    (43,481)
  Competitive Business Affiliates
   fixed asset additions...........       (38,381)    (19,460)          -

  Nine Mile 2 Plant decommissioning
   trust fund......................          (868)       (868)       (868)
  Other - net......................          (589)       (801)        396
                                          -------    --------     -------
  Net cash used in investing
   activities......................       (86,333)    (66,205)    (43,953)
                                          -------    --------     -------

Financing Activities
  Proceeds from issuance of:
    Long-term debt.................       176,250      35,250       2,000
  Net borrowings (repayments) of
   short-term debt.................        32,000      18,000     (15,600)
  Retirement & redemption
   of long-term debt...............      (185,462)     (2,466)     (2,282)
  Dividends paid on cumulative
   preferred and common stock......       (39,652)    (39,936)    (40,426)
  Debt issuance costs..............        (4,531)          -           -
  Reacquired capital stock.........             -     (17,745)     (9,398)
                                         --------    --------     -------
  Net cash used in financing
   activities......................       (21,395)     (6,897)    (65,706)
                                         --------    --------     -------

Net Change in Cash and Cash
 Equivalents.......................         1,257       1,445       4,819
Cash and Cash Equivalents at
 Beginning of Year.................        10,499       9,054       4,235
                                         --------    --------     -------
Cash and Cash Equivalents at End
 of Year...........................      $ 11,756    $ 10,499    $  9,054
                                          =======     =======     =======

Supplemental Disclosure of Cash
 Flow Information
    Interest paid (net of amounts
    capitalized)...................      $ 26,236    $ 24,002    $ 24,309
    Federal income taxes paid......        29,025      26,900      17,111


The Notes to Consolidated Financial Statements are an integral part hereof.

                                      56


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                                  SIGNATURES

            Pursuant  to  the  requirements  of  Section  13  or  15(d)  of  the
Securities  Exchange Act of 1934,  Central Hudson has duly caused this Report to
be signed on its behalf by the undersigned, thereunto duly authorized.

                              CENTRAL HUDSON GAS & ELECTRIC
                                      CORPORATION


                              By    /s/ Paul J. Ganci
                                ------------------------------
                                   Paul J. Ganci
                                   Chairman of the Board and
                                    Chief Executive Officer

Dated:  March 23, 2000


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