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 - March 9, 2000
CH ENERGY GROUP, INC.
(Exact name of registrant as specified in its charter)
NEW YORK 0-30512 14-1804460
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State or other (Commission File (IRS Employer
jurisdiction of Identification) Number)
incorporation number
284 South Avenue, Poughkeepsie, New York 12601-4879
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (914) 452-2000
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Item 5. Other Events.
AUCTION OF THE ROSETON AND DANSKAMMER PLANTS
Reference is made to the caption "Competitive Opportunities
Proceeding Settlement Agreement" and to the caption "Auction of Fossil
Generation Plants" both in Note 2 of the Notes to Financial Statements referred
to in Item 8 of the Registrant's Annual Report, on Form 10-K, for the year ended
December 31, 1999 ("10-K Report"), for a discussion of (i) that certain Amended
and Restated Settlement Agreement, dated January 2, 1998, by and among Central
Hudson Gas & Electric Corporation ("Central Hudson"), the Staff of the New York
State Public Service Commission ("PSC") and others ("Settlement Agreement"),
which Settlement Agreement was thereafter accepted and approved by the PSC by
final Order issued and effective on June 30, 1998 and (ii) the sale of the
Registrant's interests in the Roseton Steam Electric Generating Plant ("Roseton
Plant") and the Danskammer Electric Generating Station ("Danskammer Plant")
required by the Settlement Agreement.
By Order, issued and effective February 23, 2000, the PSC approved
the Auction Plan which was previously filed with the PSC for the auction of the
Danskammer Plant and the Roseton Plant as such filing is described in the 10-K
Report under said caption "Auction of Fossil Generation Plants." That Order also
approved the accounting and rate making proposals of Central Hudson; as a
result, Central Hudson has waived its right to have an affiliate participate in
such auction. Central Hudson must make a subsequent filing with the PSC for
approval of the sales transaction for each such Plant after the purchaser of
each such Plant has executed a contract of sale.
The PSC, by Order issued and effective March 7, 2000, approved an
amendment to the Settlement Agreement which extends the time by which Central
Hudson can transfer up to $100 million to its competitive business affiliates
until the earlier of (i) receipt of the proceeds by Central Hudson from the
auction of the Danskammer Plant and the Roseton Plant or (ii) June 30, 2001. The
Order also amended the Settlement Agreement to provide for a reduction of said
$100
1
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million by the amount of dividends Central Hudson pays to the Registrant that
exceeds dividends paid by the Registrant to its shareholders.
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/ STEVEN V. LANT
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Steven V. Lant
Chief Financial Officer and Treasurer
Dated: March 9, 2000
2
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