ex12_i.htm

			2009						2008			Year Ended December 31,
			3 Months			12 Months			3 Months
			Ended			Ended			Ended
Earnings: ($000)			Dec 31			Dec 31			Dec 31			2008			2007			2006			2005			2004
A.		Net income from Continuing Operations	$	9,827		$	34,427		$	7,753		$	32,609		$	42,004		$	44,173		$	44,619		$	42,438
B.		Preferred Stock Dividends		242			970			242			970			970			970			970			970
C.		Federal and State Income Tax		10,231			27,383			7,727			21,829			21,898			23,769			25,819			31,256
	Less	Income from Equity Investments		227			229			109			568			1,895			1,810			1,456			922
	Plus	Cash Distribution from Equity Investments		308			1,775			169			2,463			3,427			1,315			1,833			1,776
D.		Earnings before Income Taxes and Equity Investments	$	20,381		$	64,326		$	15,782		$	57,303		$	66,404		$	68,417		$	71,785		$	75,518
E.		Fixed Charges
		Interest on Other-Long-Term Debt		5,770			20,999			5,454			20,518			18,653			16,425			13,826			11,488
		Other Interest		1,447			3,996			1,229			5,054			4,379			3,622			2,577			5,517
		Interest Portion of Rents(1)		251			1,043			241			1,220			1,278			1,112			1,077			1,192
		Amortization of Premium & Expense on Debt		224			956			250			982			963			991			1,043			1,066
		Preferred Stock Dividends Requirements of Central Hudson		458			1,659			385			1,525			1,423			1,405			1,454			1,594
		Total Fixed Charges	$	8,150		$	28,653		$	7,559		$	29,299		$	26,696		$	23,555		$	19,977		$	20,857
	Less	Preferred Stock Dividends Requirements of Central Hudson		458			1,659			385			1,525			1,423			1,405			1,454			1,594
F.		Total Earnings	$	28,073		$	91,320		$	22,956		$	85,077		$	91,677		$	90,567		$	90,308		$	94,781

		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		(31	)		(127	)		(31	)		(127	)		(127	)		(127	)		(127	)		(127	)
I.		Net Subject to Gross-Up		211			843			211			843			843			843			843			843
J.		Ratio of Earnings before Income Taxes and Equity Inv. To Net Income (D/(A+B))		2.024			1.817			1.974			1.707			1.545			1.516			1.575			1.740
K.		Preferred Dividend (Pre-tax) (I x J)		427			1,532			417			1,439			1,303			1,278			1,327			1,467
L.		Plus Allowable Dividend Deduction		31			127			31			127			127			127			127			127
M.		Preferred Dividend Factor	$	458		$	1,659		$	448		$	1,566		$	1,430		$	1,405		$	1,454		$	1,594

N.		Ratio of Earnings to Fixed Charges (F/E)		3.4			3.2			3.0			2.9			3.4			3.8			4.5			4.5

CH ENERGY GROUP, INC.
Computation of Ratio of Earnings to Fixed Charges	EXHIBIT 12 (i)