Investor Presentaiton

Central Hudson LEGEND: SERVICE TYPES Gas & Electric Electric Only Gas Only KINGSTON DIVISION Rensselaerville CATSKILL DIVISION Westero Coeymans ALBANY GREENE New Baltimore Coxsackie O Durham Greenville Cairo Athens Jewett Catskill Lexington Hunter POUGHKEEPSIE DIVISION Carmel FISHKILL DIVISION Type of utility Regulator Regulatory model 2017 Formula 2017F Midyear Rate Base 5-Year CAGR on Midyear Rate Base (1) 2016 Assets % of total regulated assets (2) 2016 Earnings 2016 Earnings % of total regulated pro forma net earnings Major Capital Projects Central Hudson Gas and Electric Gas and electricity NY State Public Service Commission Cost of service on future test year 9% ROE on 48% equity $1.5B 8.6% 7% $70M 7% Gas Main Replacement Program GREENE Saugerties ULSTER Ancram Woodstock Gallatin Red Hook Milan COLUMBIA DUTCHESS Pine Plains Hurley Denning Olive Ulster O Rhinebeck North East ULSTER SULLIVAN Stanford Marbletown Clinton Esopus Rosendale Neversink Rochester Hyde New Paltz Park Pleasant Valley Washington • Wawarsing Lloyd Put Gardiner Shawangunk ULSTER ORANGE O Poughkeepsie LaGrange Union Vale Plattekill Locations of villages included in the Central Hudson service territory: Albany County (Ravena); Greene County (Coxsackie, Athens, Catskill, Hunter and Tannersville); Ulster County (Saugerties, Ellenville and New Paltz); Orange County (Montgomery, Maybrook, Cornwall and Highland Falls); Putnam County (Cold Spring and Nelsonville); Dutchess County (Fishkill, Wappingers Falls, Millbrook, Rhinebeck, Red Hook, Tivoli and Millerton). O Locations of cities included in the Central Hudson service territory. Wappinger East Fishkill DUTCHESS о Newburgh Newburgh OOBeacon PUTNAM New Windsor Argobin • Cornwall Woodbury Highlands NEWBURGH DIVISION (1) (2) 5-Year CAGR on midyear rate base includes 2017 to 2022 forecast. Includes goodwill. (3) Development Opportunities (3) Development opportunities are not included in the base capital forecast and would represent incremental capital spending. FORTIS Transmission Investments 28

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