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CH Energy Group

Headquarters: 284 South Ave.
Poughkeepsie, NY 12601
Employees: 860
CEO: Steven Lant
Stock Symbol: CHG

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CH Energy Group, Inc., headquartered in Poughkeepsie, NY, is the holding company of Central Hudson Gas & Electric Corporation and Central Hudson Enterprises Corporation.

Central Hudson Gas & Electric Corporation (Central Hudson) is a regulated transmission and distribution utility serving approximately 367,000 customers in eight counties of New York State's Mid-Hudson River Valley. Central Hudson delivers natural gas and electricity in a 2,600 square mile service territory that extends from the suburbs of metropolitan New York City north to the Capital District at Albany. Central Hudson delivers overall electric bills that are among the lowest in New York State. The service territory has exhibited annual increases in employment and population, driving growth in utility customers. Central Hudson continues to make significant investments in its system infrastructure and is a leader in promoting regional economic growth.

Central Hudson Enterprises Corporation (CHEC), a non-regulated subsidiary, is the umbrella for a family of energy-related companies and investments focused primarily on fuel distribution and renewable energy. CHEC's fuel distribution business, Griffith Energy Services, supplies energy products and services to more than 85,000 customers in nine states and the District of Columbia. CHEC also has interests in a Lexington, NE, ethanol plant, two wind power projects, and a biomass plant in upstate New York.

In 2006, CH Energy had revenues of $993.4 million and net income of $43.0 million.


The following benefits are available to full-time Central Hudson Gas & Electric Corporation employees:
Health Benefits
As an employee, you can choose to participate in a health care plan that provides a choice of medical coverage, as well as dental and vision benefits.
Pension Plan
You are automatically covered in the Company's traditional pension plan after one year of service. The plan is funded entirely by the Company and provides a monthly income upon retirement for the employee and /or surviving spouse.
401K Plan
You are eligible to join the 401K plan IMMEDIATELY. The Company provides a partial matching contribution on the first 8 percent for management employees, and on the first 6 percent for unionized employees. You are always 100 percent vested in both your contributions and the Company's matching contributions.
You are covered for life insurance equal to two times your base salary if you are in management, and equal to your base salary if you are a unionized employee. In addition, Business Travel Insurance and Accidental Death and Dismemberment Insurance are also provided. The Company pays for all of this coverage in full.
LTD Insurance
All management employees are eligible to enroll in the Long-Term Disability plan. This plan provides monthly payments of up to 2/3 of your monthly salary should you become permanently disabled and can no longer work.
Wellness Program
The Company's Wellness Program will reimburse you up to $200 per year for any wellness type program you join, which can include memberships in fitness clubs.
Tuition Assistance
You are eligible to participate in the Company's Tuition Assistance Program. The Company pays up to 100 percent of the costs associated with tuition and fees for an employee enrolled in a degree-granting course of study. The Company pays 75 percent of the costs of a course an employee takes that is related to his/her work (but not resulting in a degree).
Employee Assistance Program
You are covered by the Company's Employee Assistance Program. The program offers confidential counseling assistance to employees or their eligible dependents who may need the services of a professional to assist them through difficult or confusing situations.
You will become eligible for vacation that is based on your service time. The vacation schedule ranges from one to six weeks.
The Company celebrates 11 fixed holidays, and employees also have two floating holidays that can be used at any time.
Recreation Center
The Company maintains an employee training and recreation center complete with swimming (and swimming lessons for employees' children and grandchildren) and picnic grounds for outdoor games and activities.

Updated June 20, 2007


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