Attached files
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EX-99.1 - EXHIBIT 99.1 - CH ENERGY GROUP INC | ex99_1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of
Report (Date of earliest event reported): December 18,
2009
CH
ENERGY GROUP, INC.
(Exact
name of Registrants as specified in its charter)
Commission
|
Registrant,
State of Incorporation
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IRS
Employer
|
File
Number
|
Address
and Telephone Number
|
Identification
No.
|
0-30512
|
CH
Energy Group, Inc.
|
14-1804460
|
(Incorporated
in New York)
|
||
284
South Avenue
|
||
Poughkeepsie,
NY 12601-4839
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||
(845)
452-2000
|
Not
applicable
(Former
name and former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
o Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
8.01
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Other
Events
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On
December 11, 2009, CH Energy Group, Inc. (NYSE: CHG) announced that its
subsidiary, Griffith Energy Services, Inc., had completed the sale of select
operating divisions serving markets in Rhode Island, Connecticut and
Pennsylvania as part of a strategic streamlining that is expected to reduce cash
flow volatility and allow the fuel oil delivery firm to focus on its
Mid-Atlantic operations. At that time, it was also reported that the
sale would result in a gain of approximately $6.5 million after taxes, or
approximately 40 cents per share. For clarification, CH Energy Group
issued a press release on December 18, 2009, stating that the gain reported in
the December 11 press release is the amount of gain that is expected to be
recognized by Griffith Energy Services from the sale. As a result of
taxes applicable to CH Energy Group at its holding company level, the gain that
CH Energy Group will recognize from the sale, on a consolidated basis, after
taxes, is expected to be approximately $5.5 million, or approximately 35 cents
per share. The press release issued by CH Energy Group, Inc. is
attached hereto as Exhibit 99.1 and
incorporated herein by reference.
Item
9.01
|
Financial
Statements and Exhibits
|
(d) Exhibits. The following are filed
as exhibits to this Form 8-K pursuant to Item 6.01 of Regulation
S-K:
|
99.1
|
Press
Release of CH Energy Group, Inc. dated December 18,
2009.
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-2-
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, thereunto
duly authorized.
CH
ENERGY GROUP, INC.
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Date: December
18, 2009
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By:
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/s/ Kimberly J. Wright
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Name: Kimberly
J. Wright
|
||
Title: Vice
President – Accounting and
Controller
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-3-
EXHIBIT
INDEX
Exhibit No.
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Exhibit
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Press
Release of CH Energy Group, Inc. dated December 18,
2009.
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