Filed Pursuant to Rule 433

Registration No. 333-138510

November 13, 2008

Central Hudson Gas & Electric Corporation

 

Medium-Term Notes, Series F

 

$30,000,000 6.854% due November 1, 2013

 

Term Sheet

 

Issuer:

Central Hudson Gas & Electric Corporation

 

Market Type:

Senior Unsecured MTN

 

Ratings:

A2/A/A

 

Principal Amount:

$30,000,000

 

Trade Date:

November 13, 2008

 

Settlement Date:

November 18, 2008

 

Final Maturity:

November 1, 2013

 

Interest Payment Dates:

May 1 and November 1, and at maturity

 

1st Coupon Payment Date:

May 1, 2009

 

Coupon:

6.854%

 

US Treasury Benchmark:

UST 2.75% due October 31, 2013

 

US Treasury Yield:

2.354%

 

Business day convention:

30/360

 

Re-offer Price:

100%

 

Redemption:

100%

 

Denomination:

$1,000 x $1,000

 

Joint Bookrunners:

Banc of America Securities LLC

$10,000,000

 

J.P. Morgan Securities Inc.

$10,000,000

 


 

KeyBanc Capital Markets Inc.

$10,000,000

 

CUSIP: 15361G AS4

 

The security ratings above are not a recommendation to buy, sell or hold the securities hereby. The ratings may be subject to revision or withdrawal at any time by Moody's Investors Service, Standard & Poor's Ratings Services and Fitch Ratings. Each of the security ratings above should be evaluated independently of any other security rating.

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if

you request it by calling toll-free 1-800-294-1322 at Banc of America Securities LLC, 1- 212-834-4533 at J.P. Morgan Securities Inc., and 1-866-227-6479 at KeyBanc Capital Markets Inc.