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                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, 1997

                  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:

     Title of each class                Name of each exchange on
                                        which registered
Common Stock, $5.00 par value           New York Stock Exchange

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

                       Title of each class:
                   Cumulative Preferred Stock:
                          4 1/2% Series
                           4.75% Series

     Indicate by check mark whether the Registrant (1) has filed
all report 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.   Yes    X       No

     Indicate by check mark if disclosure of delinquent files
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. [X]

     The aggregate market value of the voting and non-voting
common equity held by non-affiliates of the Registrant as of
February 9, 1998 was $689,835,480 based upon the lowest price at
which Registrant's Common Stock was traded on such date, as
reported on the New York Stock Exchange listing of composite
transactions.

     The number of shares outstanding of Registrant's Common
Stock, as of February 9, 1998, was 17,245,887.

               DOCUMENTS INCORPORATED BY REFERENCE

     Certain portions of Registrant's Annual Report to
Shareholders, for the fiscal year ended December 31, 1997, are
incorporated by reference in Parts I, II and IV of this Report.

     Registrant's definitive Proxy Statement, to be dated March
2, 1998, and to be used in connection with its Annual Meeting of
Shareholders to be held on April 7, 1998, is incorporated by
reference in Part III hereof.

     Registrant, in response to the Commission's letter of
comments, dated November 23, 1998, hereby amends Exhibit 12 to
correct certain minor errors.  Amended Exhibit 12 is attached
hereto.

                            SIGNATURES

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

                    CENTRAL HUDSON GAS & ELECTRIC CORPORATION



                    By:     (SGD.) PAUL J. GANCI
                               Paul J. Ganci
                   (President and Chief Executive Officer)

Dated:   December 8, 1998


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                        INDEX TO EXHIBITS




Exhibit Number
(Registration S-K
     Item 601
Designation)                            Exhibit


  (12)                   Statement Showing Computation of the
                         Ratio of Earnings to Fixed Charges and
                         the Ratio of Earnings to Combined fixed
                         Charges and Preferred Stock Dividends

  (27)                   Financial Data Schedule, pursuant to
                         Item 601(c) of Regulation S-K.     



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