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): January 18, 2008
CH ENERGY GROUP, INC.
(Exact name of Registrant as specified in its charter)
New York 0-30512 1804460
(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
284 South Avenue, Poughkeepsie, New York 12601-4879
(Address of principal executive offices) (Zip code)
(845)-452-2000
(Registrant's telephone number including area code)
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):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
On January 18, 2008, Griffith Energy Services, Inc. ("Griffith"), a wholly owned
subsidiary of CH Energy Group, Inc. (the "Company"), entered into an uncommitted
line of credit with Manufacturers and Traders Trust Company (the "Bank") under
which the Bank, in its sole discretion, may lend to Griffith from time to time
on a revolving basis up to an aggregate of $25 million, repayable on demand by
the Bank (the "Uncommitted Demand Line of Credit"). The obligations of Griffith
under the Uncommitted Demand Line of Credit are guaranteed by the Company and
Central Hudson Enterprises Corporation, another wholly-owned subsidiary of the
Company.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
As described more fully under Item 1.01, on July 18, 2008, Griffith entered into
the $25 million Uncommitted Demand Line of Credit, which is guaranteed by the
Company and a direct financial obligation of the Company and Griffith for
purposes of this Item 2.03 of Form 8-K.
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:
10.1 $25,000,000 Demand Note of Griffith Energy Services, Inc. dated
January 18, 2008 payable to the order of Manufacturers and Traders Trust
Company.
10.2 Guaranty Agreement dated as of January 18, 2008 from Central
Hudson Enterprises Corporation to Manufacturers and Traders Trust Company.
10.3 Guaranty Agreement dated as of January 18, 2008 from CH Energy
Group, Inc. to Manufacturers and Traders Trust Company.
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.
Date: January 24, 2008 By: /s/ Donna S. Doyle
----------------------------------
Name: Donna S. Doyle
Title: Vice President - Accounting
and Controller
EXHIBIT INDEX
Exhibit No. Exhibit
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10.1 $25,000,000 Demand Note of Griffith Energy Services, Inc. dated
January 18, 2008 payable to the order of Manufacturers and Traders
Trust Company
10.2 Guaranty Agreement dated as of January 18, 2008 from Central
Hudson Enterprises Corporation to Manufacturers and Traders Trust
Company
10.3 Guaranty Agreement dated as of January 18, 2008 from CH Energy
Group, Inc. to Manufacturers and Traders Trust Company