SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM U-3A-2
Statement by Holding Company Claiming Exemption Under Rule U-3A-2 from
the Provisions of the Public Utility Holding Company Act of 1935
To Be Filed Annually Prior to March 1
CH ENERGY GROUP, INC.
hereby files with the Securities Exchange Commission, pursuant to Rule 2, its
statement claiming exemption as a holding company from the provisions of the
Public Utility Holding Company Act of 1935 ("Act") and submits the following
information:
1. NAME, STATE OF ORGANIZATION, LOCATION AND NATURE OF BUSINESS OF CLAIMANT
AND EVERY SUBSIDIARY THEREOF, OTHER THAN ANY EXEMPT WHOLESALE GENERATOR (EWG) OR
FOREIGN UTILITY COMPANY IN WHICH CLAIMANT DIRECTLY OR INDIRECTLY HOLDS AN
INTEREST.
The following response is as of December 15, 1999:
CH Energy Group, Inc. ("Claimant") is a corporation organized and existing
under the State of New York. Claimant is a holding company, which acquires
businesses and holds securities and/or interests in other corporations,
partnerships and/or businesses. Claimant's principal place of business is 284
South Avenue, Poughkeepsie, New York 12601-4879. Claimant became a holding
company under the Act on December 15, 1999 and, as of that date, has the
following subsidiaries other than any EWG:
<PAGE>
NAME AND LOCATION STATE OF
OF COMPANY ORGANIZATION NATURE OF BUSINESS
---------- ------------ ------------------
- --------------------------------------------------------------------------------
1. Central Hudson Gas & New York Generation, Transmission and
Electric Corporation, distribution of electricity
Poughkeepsie, New York and the transmission and
("Central Hudson") distribution of natural gas in
New York State except that
certain wholesale sales of
electricity are made, from
time to time, to out of State
utilities. Central Hudson's
"franchise territory"
generally extends about 85
miles along the Hudson River
and about 25 to 40 miles east
and west of such River. The
southern end of that territory
is about 25 miles north of New
York City and the northern end
is about 10 miles south of the
City of Albany, N.Y.
- --------------------------------------------------------------------------------
2. Phoenix Development New York Real estate holding company
Corporation, Poughkeepsie, for Central Hudson.
New York ("Phoenix")
- --------------------------------------------------------------------------------
3. Central Hudson Energy New York Invests in energy related
Services, Inc., Poughkeepsie, business; currently owns,
New York ("Services") directly or indirectly, the
affiliates referred to in 4-11
below.
- --------------------------------------------------------------------------------
4. Central Hudson New York Markets electric, gas and oil
Enterprises Corporation, related services; and conducts
Poughkeepsie, New York energy audits and provides
("CHEC") related services.
- --------------------------------------------------------------------------------
5. Greene Point New York Develops, invests in and/or
Development Corporation, operates energy related
Poughkeepsie, New York businesses.
("Greene Point")
- --------------------------------------------------------------------------------
6. Prime Industrial Energy New York Operates a heating,
Services, Inc., Poughkeepsie, ventilation and
New York ("Prime air-conditioning business.
Industrial")
- --------------------------------------------------------------------------------
7. Scasco, Inc., Winsted, Connecticut Conducts a fuel oil business
Connecticut ("Scasco") in Connecticut.
- --------------------------------------------------------------------------------
2
<PAGE>
- --------------------------------------------------------------------------------
8. Island Sound Commercial Delaware Sells natural gas to customers
Energy Sales, Inc., in Connecticut and Rhode
Winsted, Connecticut Island.
("Island Sound")
- --------------------------------------------------------------------------------
9. CH Niagara Properties, New York Owns real property interests
Inc., Niagara Falls, New on which an affiliate (CH
York ("CH Niagara") Resources, Inc.), an EWG,
operates an "eligible
facility".
- --------------------------------------------------------------------------------
10. CH Syracuse Properties, New York Owns real property interests
Inc., Syracuse, New York on which an affiliate (CH
("CH Syracuse") Resources, Inc.), an EWG,
operates an "eligible
facility".
- --------------------------------------------------------------------------------
2. A BRIEF DESCRIPTION OF THE PROPERTIES OF CLAIMANT AND EACH OF ITS
SUBSIDIARY PUBLIC UTILITY COMPANIES USED FOR THE GENERATION, TRANSMISSION, AND
DISTRIBUTION OF ELECTRIC ENERGY FOR SALE, OR FOR THE PRODUCTION, TRANSMISSION,
AND DISTRIBUTION OF NATURAL OR MANUFACTURED GAS, INDICATING THE LOCATION OF
PRINCIPAL GENERATING PLANTS, TRANSMISSION LINES, PRODUCING FIELDS, GAS
MANUFACTURING PLANTS, AND ELECTRIC AND GAS DISTRIBUTION FACILITIES, INCLUDING
ALL SUCH PROPERTIES WHICH ARE OUTSIDE THE STATE IN WHICH CLAIMANT AND ITS
SUBSIDIARIES ARE ORGANIZED AND ALL TRANSMISSION OR PIPELINES WHICH DELIVER OR
RECEIVE ELECTRIC ENERGY OR GAS AT THE BORDERS OF SUCH STATE.
The following response is as of December 31, 1998:
GENERATING STATION, LOCATION NET CAPABILITY (97-98)
AND PERCENT OWNERSHIP FUEL SUMMER WINTER
- ------------------------------- ------------------- -------- ------
- --------------------------------------------------------------------------------
Danskammer Plant, Roseton NY -- oil, natural gas 492 502
Hudson River (100%) and coal
- --------------------------------------------------------------------------------
Roseton Plant, Roseton, NY -- oil and natural gas 425 404
Hudson River (35%)
- --------------------------------------------------------------------------------
Neversink Hydro Station, water 23 22
Neversink, NY -- Neversink
Reservoir Aqueduct Tunnel
(100%)
- --------------------------------------------------------------------------------
Dashville Hydro Station, water 5 5
Rifton, NY -- Wallkill
River (100%)
- --------------------------------------------------------------------------------
Sturgeon Pool Hydro Station, water 16 16
Rifton, NY -- Wallkill,
River (100%)
- --------------------------------------------------------------------------------
3
<PAGE>
- --------------------------------------------------------------------------------
High Falls, Hydro Station, water 3 4
High Falls, NY -- Rondout
Creek (100%)
- --------------------------------------------------------------------------------
Coxsackie Gas Turbine, kerosene or 19 21
Coxsackie, New York (100%) natural gas
- --------------------------------------------------------------------------------
Nine Mile Point Unit 2, nuclear 103 104
Oswego, NY --Lake Ontario (9%)
- --------------------------------------------------------------------------------
TOTAL 1,105 1,102
- --------------------------------------------------------------------------------
Central Hudson is in the process of auctioning its interests in the
Danskammer Plant and the Roseton Plant. It is presently expected that its
interests will be sold by the end of 2000.
As of December 31, 1998, Central Hudson's electric transmission and
distribution systems were comprised of 87 substations with a rated transformer
capacity of approximately 6,399,468 kVA, approximately 593 circuit miles of
overhead transmission lines, approximately 4.2 cable miles of underground
transmission lines, approximately 7,314 conductor miles of overhead distribution
lines and approximately 860 cable miles of underground distribution cables. Only
a part of such transmission and distribution lines is located on property owned
by Central Hudson. The electric system of Central Hudson is directly
interconnected with other electric utility systems in New York, Connecticut, and
New Jersey, and indirectly interconnected with most of the electric utility
systems in the United States. Transmission Circuit Miles include: 345, 115 and
69 kV. Distribution Conductor Miles include: 34.5/33, 14.4, 13.2, 4.8 and 4.16
kV. The transformer kVA value is the summation of transformers' top nameplate
ratings; the summation of Summer Normal ratings is 6,968,359 kVA. Both numbers
include generator step-up transformers and exclude generation station auxiliary
transformers.
Natural gas is delivered by transmission pipeline to Central Hudson at four
locations: the Cedar Hill (NY) Gate Section interconnection with Tennessee Gas
Pipeline Company ("Tennessee"), the Pleasant Valley (NY) Gate Station
interconnection with Iroquois Gas Transmission System, L.P., the Mahopac (NY)
Gate Station interconnection with Algonquin Gas Transmission Company and the
Tuxedo (NY) Gas Station interconnection with Columbia Gas Transmission Company
("Columbia"). Natural Gas is distributed to approximately 62,000 industrial,
commercial and residential customers through a network of 160 miles of
transmission pipeline and more than 990 miles of distribution mains. Central
Hudson owns and operates propane-air peaking facilities at Poughkeepsie and
Newburgh, NY which are each nominally rated at 8,000 MSCF per day of injection
capability into the distribution system. In addition, Central Hudson has entered
into long-term contracts with National Fuel Gas Corporation, Columbia, Tennessee
and CNG Transmission Corporation for a maximum total of 3.4 BCF of storage,
located in various fields in the eastern United States.
4
<PAGE>
3. THE FOLLOWING INFORMATION FOR THE LAST CALENDAR YEAR WITH RESPECT TO
CLAIMANT AND EACH OF ITS SUBSIDIARY PUBLIC UTILITY COMPANIES:
The following responses are as of December 31, 1998:
Claimant and its subsidiaries, other than Central Hudson, are not "public
utility companies" for the purposes of the Act.
(a) NUMBER OF KWH. OF ELECTRIC ENERGY SOLD (AT RETAIL OR WHOLESALE), AND
MCF. OF NATURAL OR MANUFACTURED GAS DISTRIBUTED AT RETAIL.
ELECTRIC (KWHRS.) GAS (Dth)
----------------- ---------
Claimant None None
Central Hudson Retail: 4,540,335,000 9,882,823
Wholesale: 1,254,245,000 2,960,132
(b) NUMBER OF KWH. OF ELECTRIC ENERGY AND MCF. OF NATURAL OR MANUFACTURED
GAS DISTRIBUTED AT RETAIL OUTSIDE THE STATE IN WHICH EACH SUCH COMPANY IS
ORGANIZED.
ELECTRIC (KWHRS.) GAS (Dth)
----------------- ---------
Claimant None None
Central Hudson None None
(c) NUMBER OF KWH. OF ELECTRIC ENERGY AND MCF. OF NATURAL OR MANUFACTURED
GAS SOLD AT WHOLESALE OUTSIDE THE STATE IN WHICH EACH SUCH COMPANY IS ORGANIZED,
OR AT THE STATE LINE.
ELECTRIC (KWHRS.) GAS (Dth)
----------------- ---------
Claimant None None
Central Hudson 1,730,368,000 None
(d) NUMBER OF KWH. OF ELECTRIC ENERGY AND MCF. OF NATURAL OR MANUFACTURED
GAS PURCHASED OUTSIDE THE STATE IN WHICH EACH SUCH COMPANY IS ORGANIZED OR AT
THE STATE LINE.
ELECTRIC (KWHRS.) GAS (Dth)
----------------- ---------
Claimant None None
Central Hudson None None
5
<PAGE>
4. THE FOLLOWING INFORMATION FOR THE REPORTING PERIOD WITH RESPECT TO
CLAIMANT AND EACH INTEREST IT HOLDS DIRECTLY OR INDIRECTLY IN AN EWG OR A
FOREIGN UTILITY COMPANY, STATING MONETARY AMOUNTS IN UNITED STATES DOLLARS:
(a) NAME, LOCATION, BUSINESS ADDRESS AND DESCRIPTION OF THE FACILITIES
USED BY THE EWG OR FOREIGN UTILITY COMPANY FOR THE GENERATION, TRANSMISSION AND
DISTRIBUTION OF ELECTRIC ENERGY FOR SALE OR FOR THE DISTRIBUTION AT RETAIL OF
NATURAL OR MANUFACTURED GAS:
CH Resources, Inc. ("Resources"), a New York corporation, with offices at
110 Main Street, Poughkeepsie, New York, owns and operates the following
"eligible facilities" and the electricity generated thereat is sold to wholesale
customers:
(i) A 100 megawatt ("MW") combined cycle gas turbine located at
300 Belle Isle Road, Solvay, New York (acquired in December
1998).
(ii) A 100 MW combined cycle gas turbine located at 3 Main Street,
Beaver Falls, New York (acquired in December 1998).
(iii) A 50 MW coal-burning fluidized bed cogeneration plant located
at 5300 Frontier Avenue, Niagara Falls, New York (acquired in
June 1999).
(b) NAME OF EACH SYSTEM COMPANY THAT HOLDS AN INTEREST IN SUCH EWG OR
FOREIGN UTILITY COMPANY; AND DESCRIPTION OF THE INTEREST HELD.
Claimant owns 100% of Resources as of December 15, 1999.
(c) TYPE AND AMOUNT OF CAPITAL INVESTED, DIRECTLY OR INDIRECTLY, BY THE
HOLDING COMPANY CLAIMING EXEMPTION; ANY DIRECT OR INDIRECT GUARANTEE OF THE
SECURITY OF THE EWG OR FOREIGN UTILITY COMPANY BY THE HOLDING COMPANY CLAIMING
EXEMPTION; AND ANY DEBT OR OTHER FINANCIAL OBLIGATION FOR WHICH THERE IS
RECOURSE, DIRECTLY OR INDIRECTLY, TO THE HOLDING COMPANY CLAIMING EXEMPTION OR
ANOTHER SYSTEM COMPANY, OTHER THAN THE EWG OR FOREIGN UTILITY COMPANY.
At December 31, 1998, Claimant had no capital invested in Resources. At
that date, Central Hudson had capital invested in Resources of $21,226,000.00
comprised of the following:
Debt: $0.00
Equity: $21,226,000.00
(d) CAPITALIZATION AND EARNINGS OF THE EWG OR FOREIGN UTILITY COMPANY
DURING THE REPORTING PERIOD.
6
<PAGE>
Resources capitalization and earnings were $21,219,460.00 and ($2,568.00)
at December 31, 1998, respectively.
(e) IDENTIFY ANY SERVICE, SALES OR CONSTRUCTION CONTRACT(S) BETWEEN THE
EWG OR FOREIGN UTILITY COMPANY AND A SYSTEM COMPANY, AND DESCRIBE THE SERVICES
TO BE RENDERED OR GOODS SOLD AND FEES OR REVENUES UNDER SUCH AGREEMENT(S).
None.
EXHIBIT A.
A CONSOLIDATING STATEMENT OF INCOME AND SURPLUS OF THE CLAIMANT AND ITS
SUBSIDIARY COMPANIES FOR THE LAST CALENDAR YEAR, TOGETHER WITH A CONSOLIDATING
BALANCE SHEET OF CLAIMANT AND ITS SUBSIDIARY COMPANIES AS OF THE CLOSE OF SUCH
CALENDAR YEAR.
The consolidating financial statements, as of December 31, 1998, are
attached hereto as Exhibit A. These statements relate to Central Hudson and its
consolidated affiliates because Claimant only became a holding company on
December 15, 1999:
EXHIBIT B.
IF, AT THE TIME A REPORT ON THIS FORM IS FILED, THE REGISTRANT IS REQUIRED
TO SUBMIT THIS REPORT AND ANY AMENDMENTS THERETO ELECTRONICALLY VIA EDGAR, THE
REGISTRANT SHALL FURNISH A FINANCIAL DATA SCHEDULE. THE SCHEDULE SHALL SET FORTH
THE FINANCIAL AND OTHER DATA SPECIFIED BELOW THAT ARE APPLICABLE TO THE
REGISTRANT ON A CONSOLIDATED BASIS.
The Financial Data Schedule, as of December 31, 1998, is attached hereto
as Exhibit B. The Financial Data Schedule relates to Central Hudson and its
consolidated affiliates because Claimant only became a holding company on
December 15, 1999.
7
<PAGE>
EXHIBIT C.
AN ORGANIZATIONAL CHART SHOWING THE RELATIONSHIP OF EACH EWG OR FOREIGN
UTILITY COMPANY TO ASSOCIATE COMPANIES IN THE HOLDING- COMPANY SYSTEM.
The Organizational Chart, as of December 15, 1999, is attached hereto as
Exhibit C.
The above-named claimant has caused this statement to be duly executed on
its behalf by its authorized officer on the 15th day of December, 1999.
CH ENERGY GROUP, INC.
By: /s/ Steven V. Lant
-----------------------------------------
Steven V. Lant
Chief Financial Officer and Treasurer
Corporate Seal
Attest:
/s/ Gladys L. Cooper
- -----------------------
Gladys L. Cooper
Corporate Secretary
Name, title and address of officer to whom notices and correspondence concerning
this statement should be addressed:
Steven V. Lant,
Chief Financial Officer and Treasurer
CH Energy Group, Inc..
284 South Avenue
Poughkeepsie, New York 12601-4879
8
<PAGE>
EXHIBIT A
---------
CONSOLIDATING FINANCIAL STATEMENTS OF
CENTRAL HUDSON GAS & ELECTRIC CORPORATION,
AS OF DECEMBER 31, 1998
------------------------------------------
CONSOLIDATED BALANCE SHEET
(In Thousands)
December 31,
1998 1997
ASSETS ---------- ----------
Utility Plant
Electric .......................................... $1,222,743 $1,193,735
Gas ............................................... 158,165 151,222
Common ............................................ 94,271 91,522
Nuclear fuel ...................................... 42,317 37,262
---------- ----------
1,517,496 1,473,741
Less: Accumulated depreciation .................... 597,383 560,304
Nuclear fuel amortization ................... 35,381 33,059
---------- ----------
884,732 880,378
Construction work in progress ..................... 43,512 52,413
---------- ----------
Net Utility Plant ............................... 928,244 932,791
---------- ----------
Other Property and Plant ............................ 19,059 1,089
---------- ----------
Investments and Other Assets
Prefunded pension costs ........................... 40,218 23,536
Other ............................................. 18,209 13,869
---------- ----------
Total Investments and Other Assets .............. 58,427 37,405
---------- ----------
Current Assets
Cash and cash equivalents ......................... 10,499 9,054
Accounts receivable from customers -
net of allowance for doubtful accounts;
$2.4 million in 1998 and $2.8 million
in 1997 .......................................... 45,564 49,643
Accrued unbilled utility revenues ................. 15,233 16,229
Other receivables ................................. 4,555 2,073
Materials and supplies, at average cost:
Fuel ............................................ 11,797 11,920
Construction and operating ...................... 11,790 12,180
Special deposits and prepayments .................. 34,823 14,210
---------- ----------
Total Current Assets ............................ 134,261 115,309
---------- ----------
Deferred Charges
Regulatory assets ................................. 149,261 139,236
Unamortized debt expense .......................... 5,062 5,002
Other ............................................. 21,724 21,258
---------- ----------
Total Deferred Charges .......................... 176,047 165,496
---------- ----------
TOTAL ASSETS ............................. $1,316,038 $1,252,090
========== ==========
<PAGE>
EXHIBIT A (cont'd)
------------------
CONSOLIDATED BALANCE SHEET (CONT'D)
(In Thousands)
December 31,
CAPITALIZATION AND LIABILITIES 1998 1997
---------- ----------
Capitalization
Common Stock Equity
Common stock, $5 par value ...................... $ 87,775 $ 87,775
Paid-in capital ................................. 284,465 284,465
Retained earnings ............................... 133,287 120,540
Reacquired capital stock ........................ (27,143) (9,398)
Capital stock expense ........................... (6,204) (6,278)
---------- ----------
Total Common Stock Equity ...................... 472,180 477,104
---------- ----------
Cumulative Preferred Stock
Not subject to mandatory redemption ............. 21,030 21,030
Subject to mandatory redemption ................. 35,000 35,000
---------- ----------
Total Cumulative Preferred Stock ............... 56,030 56,030
---------- ----------
Long-term Debt .................................... 356,918 361,829
---------- ----------
Total Capitalization ........................... 885,128 894,963
---------- ----------
Current Liabilities
Current maturities of long-term debt .............. 39,507 1,317
Notes payable ..................................... 18,000 --
Accounts payable .................................. 23,591 24,368
Dividends payable ................................. 9,913 10,052
Accrued taxes and interest ........................ 6,334 3,240
Accrued vacation .................................. 4,400 4,339
Customer deposits ................................. 4,248 4,001
Other ............................................. 7,932 6,545
---------- ----------
Total Current Liabilities ...................... 113,925 53,862
---------- ----------
Deferred Credits and Other Liabilities
Regulatory liabilities ............................ 81,065 81,271
Operating reserves ................................ 5,995 6,582
Other ............................................. 27,251 10,019
---------- ----------
Total Deferred Credits and
Other Liabilities ............................... 114,311 97,872
---------- ----------
Deferred Income Tax ................................ 202,674 205,393
---------- ----------
Commitments and contingencies
---------- ----------
TOTAL CAPITALIZATION AND LIABILITIES .............. $1,316,038 $1,252,090
========== ==========
2
<PAGE>
EXHIBIT A (CONT'D)
------------------
TOTAL ASSETS, TOTAL OPERATING REVENUES
AND NET INCOME OF
CENTRAL HUDSON GAS & ELECTRIC CORPORATION
AS OF DECEMBER 31, 1998
CONSOLIDATED STATEMENT OF INCOME
(In Thousands)
Year ended December 31,
1998 1997 1996
-------- -------- --------
Operating Revenues
Electric .................................... $418,507 $416,429 $418,761
Gas ......................................... 84,962 103,848 95,210
-------- -------- --------
Total Operating Revenues .................. 503,469 520,277 513,971
-------- -------- --------
Operating Expenses
Operation:
Fuel used in electric
generation ................................. 84,688 66,117 58,874
Purchased electricity ....................... 40,573 55,864 55,523
Purchased natural gas ....................... 44,964 61,514 50,636
Other expenses of operation ................. 96,247 101,219 102,746
Maintenance .................................. 26,904 27,574 28,938
Depreciation and amortization ................ 45,560 43,864 42,580
Taxes, other than income tax ................. 63,458 64,879 66,145
Federal income tax............................ 29,775 29,190 32,700
-------- -------- --------
Total Operating Expenses .................. 432,169 450,221 438,142
-------- -------- --------
Operating Income .............................. 71,300 70,056 75,829
-------- -------- --------
Other Income
Allowance for equity funds
used during construction ................... 585 387 466
Federal income tax .......................... 1,148 2,953 1,632
Other - net ................................. 6,865 8,079 4,815
-------- -------- --------
Total Other Income ........................ 8,598 11,419 6,913
-------- -------- --------
Income before Interest Charges ................ 79,898 81,475 82,742
-------- -------- --------
3
<PAGE>
EXHIBIT A (CONT'D)
------------------
CONSOLIDATED STATEMENT OF INCOME (CONT'D)
(In Thousands)
Year ended December 31,
1998 1997 1996
-------- -------- --------
Interest Charges
Interest on long-term debt ............. 23,115 23,097 23,617
Other interest ......................... 3,639 2,647 2,626
Allowance for borrowed
funds used during
construction .......................... (324) (261) (523)
Amortization of expense on
debt .................................. 924 906 940
-------- -------- --------
Total Interest Charges ............... 27,354 26,389 26,660
-------- -------- --------
Net Income .............................. 52,544 55,086 56,082
Premium on Preferred Stock
Redemptions-Net ....................... -- -- 378
Dividends Declared on Cumul-
ative Preferred Stock .................. 3,230 3,230 3,230
-------- -------- --------
Income Available for
Common Stock ........................... $49,314 $51,856 $52,474
======== ======== ========
Common Stock:
Average shares outstanding
(000s) ................................ 17,034 17,435 17,549
Earnings per share on
average shares outstanding ........... $2.90 $2.97 $2.99
4
<PAGE>
EXHIBIT A (cont'd)
CONSOLIDATED STATEMENT OF RETAINED EARNINGS
(In Thousands)
Year ended December 31,
1998 1997 1996
-------- -------- --------
Balance at beginning of year ......... $120,540 $105,821 $90,475
Net Income ........................... 52,544 55,086 56,082
Premium on preferred stock
redemption-net ..................... -- -- 378
Dividends declared:
On cumulative preferred
stock ............................. 3,230 3,230 3,230
On common stock ($2.155 per
share 1998; $2.135 per
share 1997 $2.115 per
share 1996) ....................... 36,567 37,137 37,128
-------- -------- --------
Total dividends declared ........ 39,797 40,367 40,358
-------- -------- --------
Balance at end of year ............... $133,287 $120,540 $105,821
======== ======== ========
5
<PAGE>
EXHIBIT B
---------
FINANCIAL DATA SCHEDULE
-----------------------
Schedule of Financial and Other Data
Of Registrant (Claimant) on a Consolidated Basis
Item No. Caption Heading As of December 31, 1998
1. Total Assets ($000): $1,316,038
2. Total Operating Revenues ($000): $503,469
3. Net Income ($000): $52,544
<PAGE>
EXHIBIT C
---------
ORGANIZATION CHART
(AS OF DECEMBER 15, 1999)
Reference is made to Items 1 and 4 of this Form U-3A-2 for a description
of the companies in Claimant's Holding Company System. Claimant, directly or
indirectly, owns 100% of all affiliated companies.
Claimant
|
+- - - - - - - - - -+
| |
Central Services
Hudson |
| + - - - -+- - - - -- - -+- - - - - - - - +
- -+- - | | |
Phoenix CHEC Resources* Greene
| | Point
+- - + - - - + + - - - - - +
| | | |
Scasco Prime CH CH
| Industrial Niagara Syracuse
|
Island
Sound
- --------
* EWG
