Filed Pursuant to Rule 424(b)(2)

Registration No. 333-138510

November 18, 2008

 

Amended Pricing Supplement No. 3, Dated November 18, 2008 *

(to Prospectus dated December 1, 2006, as supplemented by Prospectus Supplement dated March 19, 2007)

 

* Pricing Supplement No. 3, Dated November 13, 2008 has been amended solely to reflect a revised CUSIP number

 

Central Hudson Gas & Electric Corporation

$140,000,000

Medium-Term Notes, Series F

 

Principal Amount: $30,000,000

 

Issue Price: 100%

 

Settlement Date (Original Issue Date): November 18, 2008

 

Maturity Date (Stated Maturity): November 1, 2013

 

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 AT2

 

Interest Rate: 6.854% per annum

 

Interest Payment Dates: May 1 and November 1, and at maturity

 

Record Dates: April 15 and October 15

 

Initial Interest Payment Date: May 1, 2009

 

Redemption Terms (at option of the issuer):

|X| Not redeemable prior to Stated Maturity

 

 

|_| Redeemable in accordance with the following terms:

 

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:

 

Agents and Principal Amounts placed:

 

 

Agent acting in capacity indicated below:

 

|X| As Agents

 

 

|_| As Principal

 

The notes are being offered at the Issue Price set forth above.

 

Agents' Commission (based on Principal Amounts placed) as follows:

 

 

 

 

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.

 

---