Exhibit 31 (3)

                                 CERTIFICATIONS

I, Christopher M. Capone, Chief Financial Officer of CH Energy Group, Inc. and
Chief Financial Officer of Central Hudson Gas & Electric Corporation (the
"Companies"), do hereby certify for each of the Companies that:

1. I have reviewed this annual report on Form 10-K of the Companies;

2. Based on my knowledge, this report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material respects the
financial condition, results of operations and cash flows of the registrant as
of, and for, the periods presented in this report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e) for the registrant and have:

      a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this report is being prepared;

      b) evaluated the effectiveness of the registrant's disclosure controls and
procedures and presented in this report our conclusions about the effectiveness
of the disclosure controls and procedures, as of the end of the period covered
by this report based on such evaluation; and

      c) disclosed in this report any change in the registrant's internal
control over financial reporting that occurred during the registrant's most
recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an
annual report) that has materially affected, or is reasonably likely to
materially affect, the registrant's internal control over financial reporting;
and

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
the registrant's board of directors:

      a) all significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are reasonably
likely to adversely affect the registrant's ability to record, process,
summarize and report financial information; and


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      b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal control over
financial reporting.

                                              CH ENERGY GROUP, INC.
                                                  (Registrant)

                              By:          /s/ Christopher M. Capone
                                  --------------------------------------------
                                               Christopher M. Capone
                                              Chief Financial Officer


                              CENTRAL HUDSON GAS & ELECTRIC CORPORATION
                                           (Co-Registrant)

                              By:          /s/ Christopher M. Capone
                                  ---------------------------------------------
                                                Christopher M. Capone
                                               Chief Financial Officer

Dated: January 30, 2004