Rule 424(b)(3)
File Nos. 333-65597
and 33-56349
PRICING SUPPLEMENT NO. 1, DATED JANUARY 12, 1999
(To prospectus dated January 7, 1999, as supplemented
by a prospectus supplement dated January 8, 1999)
CENTRAL HUDSON GAS & ELECTRIC CORPORATION
MEDIUM-TERM NOTES, SERIES C
Principal Amount: $20,000,000
Issue Price: 100%
Settlement Date (Original Issue Date): January 15, 1999
Maturity Date (Stated Maturity): January 15, 2009
Type of Note:
[X] Fixed Rate Note
[ ] Zero Coupon Note
Form:
[X] Book-Entry
[ ] Definitive Certificates
Authorized denominations: $1,000 and integral multiples thereof
CUSIP No.: 15361G AD 7
Interest Rate: 6.00% per annum
Interest Payment Dates: January 1 and July 1, and at maturity
Record Dates: December 15 and June 15
Initial Interest Payment Date: July 1, 1999
Redemption Terms (at option of the issuer):
[X] Not redeemable prior to Stated Maturity
[ ] Redeemable in accordance with the following terms:
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Repayment Terms (at option of the holder):
[X] Not repayable prior to Stated Maturity
[ ] Repayable in accordance with the following terms:
Sinking Fund Provisions:
[X] None
[ ] Applicable in accordance with the following terms:
Agent: Salomon Smith Barney Inc.
Agent acting in capacity indicated below:
[X] As Agent
[ ] As Principal
The notes are being offered at the Issue Price set forth above.
Agent's Commission: $125,000 (.625%)
Net proceeds to issuer (before expenses): $19,875,000
Additional Terms: None
THE NOTES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAVE ANY OF THESE
ORGANIZATIONS DETERMINED THAT THIS PRICING SUPPLEMENT OR THE APPLICABLE
PROSPECTUS SUPPLEMENT OR PROSPECTUS IS ACCURATE OR COMPLETE. ANY REPRESENTATION
TO THE CONTRARY IS A CRIMINAL OFFENSE.
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