SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date of Report - February 23, 2004
CH ENERGY GROUP, INC.
(Exact name of registrant as specified in its charter)
NEW YORK 0-30512 14-1804460
------------------ ----------------- --------------------------
State or other (Commission File (IRS Employer
Jurisdiction of Identification Number)
Incorporation number
284 South Avenue, Poughkeepsie, New York 12601-4879
---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (845) 452-2000
Item 5. Other Events.
1. Election of Director. On February 23, 2004, Registrant elected
Jeffrey D. Tranen to the CH Energy Group, Inc. Board of
Directors, as described in the Press Release of the Registrant filed
herewith as Exhibit 99(24).
See Exhibit Index.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CH ENERGY GROUP, INC.
(Registrant)
By: /s/Donna S. Doyle
------------------------------------------
DONNA S. DOYLE
Vice President - Accounting and Controller
Dated: February 23, 2004
Exhibit Index
Exhibit No.
Regulation S-K
Item 601
Designation Exhibit Description
----------- -------------------
99(24) Press Release of CH Energy Group, Inc., issued February 23, 2004,
announcing the appointment of Jeffrey D. Tranen to its
Board of Directors.
Exhibit 99(24)
February 23, 2004
For Release: Immediately
Contact: Denise D. VanBuren (845) 471-8323
Energy Industry Leader Elected to Board of CH Energy Group, Inc.
(POUGHKEEPSIE, NY) CH Energy Group, Inc. (NYSE:CHG) announced today the
election of Jeffrey D. Tranen of New York City to its Board of Directors.
Tranen served from 1993 to 1997 as President of the New England Power Company,
a wholesale generation and transmission company with gross revenues of
$1.5 billion and 4,000 megawatts of electric load. He was President and C.E.O.
of the California Independent System Operator from 1997 until 1999, and served,
from 1999 to 2000, as President and Chief Operating Officer of Sithe Northeast,
Inc., overseeing that firm's 8,000 megawatts of northeastern power plants.
"CH Energy Group will benefit immensely from the broad depth of industry
knowledge and perspective that Jeff brings to our Board," said Chairman
Paul J. Ganci. "As we seek investment opportunities both within our core
businesses and in other energy-related enterprises, Jeff's extensive experience
and knowledge will be especially helpful."
Tranen is currently a Senior Vice President at Lexecon, Inc., a
management consulting firm based in Cambridge, Mass. He also serves as a
Director of both the Oglethorpe Power Corporation and the Doble Engineering
Company. Tranen holds both master and bachelor degrees in Electrical
Engineering from Massachusetts Institute of Technology, and he is a registered
professional engineer.
CH Energy Group, Inc. delivers energy and energy services to more than
420,000 customers in nine states. The regional energy firm, which is
headquartered in Poughkeepsie, New York, is comprised of two primary
subsidiaries: Central Hudson Gas & Electric Corporation and Central Hudson
Enterprises Corporation.
Central Hudson Gas & Electric is a regulated utility delivering natural gas
and electricity in a 2,600-square-mile service territory extending from the
suburbs of metropolitan New York City north to the Capital District at Albany.
Its customers' overall electric bills are significantly below those of other
utilities in New York state and the Northeast, especially for delivery prices.
Central Hudson Enterprises Corporation includes business units that supply
fuel oil, propane and motor fuels, and related energy services, to more than
85,000 customers in eight states and the District of Columbia. Primary
subsidiaries Griffith Energy Services and SCASCO have a regional footprint that
stretches from Connecticut to the Washington, D.C. metro area.
# # #
Forward-Looking Statements
Statements included in this news release that are not historical in
nature, are intended to be, and are hereby identified as, "forward-looking
statements" for purposes of the safe harbor provided by Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking statements may be
identified by words including "anticipates," "believes," "projects," "intends,"
"estimates," "expects," "plans," "assumes," "seeks," and similar expressions.
Forward-looking statements including, without limitation, those relating to
Registrants' future business prospects, revenues, proceeds, working capital,
liquidity, income and margins, are subject to certain risks and uncertainties
that could cause actual results to differ materially from those indicated in
the forward-looking statements, due to several important factors including
those identified from time to time in the forward-looking statements. Those
factors include, but are not limited to: weather; energy supply and demand;
fuel prices; interest rates; potential future acquisitions; developments in the
legislative, regulatory and competitive environment; market risks; electric and
gas industry restructuring and cost recovery; the ability to obtain adequate
and timely rate relief; changes in fuel supply or costs; the success of
strategies to satisfy electricity requirements now that Central Hudson's major
electric generation assets have been sold; future market prices for energy,
capacity, and ancillary services; the outcome of pending litigation and certain
environmental matters, particularly the status of inactive hazardous waste
disposal sites and waste site remediation requirements; and certain presently
unknown or unforeseen factors, including, but not limited to, acts of
terrorism. Registrants undertake no obligation to update publicly any
forward-looking statements, whether as a result of new information, future
events or otherwise. Given these uncertainties, undue reliance should not be
placed on the forward-looking statements.