Filed Pursuant to Rule 433 Registration No. 333-138510 March 20, 2007 Central Hudson Gas & Electric Corporation Medium-Term Notes, Series F $33,000,000 5.804% due March 23, 2037 Term Sheet Issuer: Central Hudson Gas & Electric Corporation Market Type: Senior Unsecured MTN Ratings: A2/A/A Principal Amount: $33,000,000 Trade Date: March 20, 2007 Settlement Date: March 23, 2007 Final Maturity: March 23, 2037 Interest Payment Dates: May 1 and November 1, and at maturity 1st Coupon Payment Date: May 1, 2007 Coupon: 5.804% US Treasury Benchmark: UST 4.5% due February 15, 2036 US Treasury Yield: 4.724% Business day convention: 30/360 Re-offer Price: 100% Redemption: 100% Denomination: $1,000 x $1,000 Joint Bookrunners: Banc of America Securities LLC $11,000,000 J.P. Morgan Securities Inc. $11,000,000 KeyBanc Capital Markets, $11,000,000 A division of McDonald Investments Inc. CUSIP: 15361G AQ8 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.