CORRECTING and REPLACING Energy Industry Leader Elected to Board of CH Energy Group, Inc.Energy Editors/Business Editors CORRECTION...by CH Energy Group, Inc. POUGHKEEPSIE, N.Y.--(BUSINESS WIRE)--Feb. 23, 2004 In BW5826 issued Feb. 23, 2004: Please replace the release with the following corrected version. The corrected release reads: ENERGY INDUSTRY LEADER ELECTED TO BOARD OF CH ENERGY GROUP, INC. CH Energy Group, Inc. (NYSE NYSE See: New York Stock Exchange :CHG CHG Change CHG Charge CHG Changed CHG Chlorhexidine Gluconate (aka chloraprep) CHG Centre Hospitalier Général (French: general hospital) CHG Come Holy Ghost (Catholicism) ) announced today the election of Jeffrey D. Tranen of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. to its Board of Directors. Tranen served from 1993 to 1997 as President of the New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. Power Company, a wholesale generation and transmission company with gross revenues of $1.5 billion and 4,000 megawatts of electric load. He was President and C.E.O. of the California Independent System Operator from 1997 until 1999, and served, from 1999 to 2000, as President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Sithe Northeast, Inc., overseeing that firm's 8,000 megawatts of northeastern power plants. "CH Energy Group will benefit immensely from the broad depth of industry knowledge and perspective that Jeff brings to our Board," said Chairman Paul J. Ganci. "As we seek investment opportunities both within our core businesses and in other energy-related enterprises, Jeff's extensive experience and knowledge will be especially helpful." Tranen is currently a Senior Vice President at Lexecon, Inc., a management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects firm based in Cambridge, Mass. He also serves as a Director of both the Oglethorpe Power Corporation and the Doble Engineering Company. Tranen holds both master and bachelor degrees in Electrical Engineering from Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, , and he is a registered professional engineer. CH Energy Group, Inc. delivers energy and energy services to more than 420,000 customers in nine states. The regional energy firm, which is headquartered in Poughkeepsie, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , is comprised of two primary subsidiaries: Central Hudson Gas & Electric Corporation and Central Hudson Enterprises Corporation. Central Hudson Gas & Electric is a regulated utility delivering natural gas and electricity in a 2,600-square-mile service territory extending from the suburbs of metropolitan New York City north to the Capital District at Albany. Its customers' overall electric bills are significantly below those of other utilities in New York state and the Northeast, especially for delivery prices. Central Hudson Enterprises Corporation includes business units that supply fuel oil, propane and motor fuels, and related energy services, to more than 85,000 customers in eight states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . Primary subsidiaries Griffith Energy Services and SCASCO have a regional footprint that stretches from Connecticut to the Washington, D.C. metro area. Forward-Looking Statements Statements included in this news release that are not historical in nature, are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by words including "anticipates," "believes," "projects," "intends," "estimates," "expects," "plans," "assumes," "seeks," and similar expressions. Forward-looking statements including, without limitation, those relating to Registrants' future business prospects, revenues, proceeds, working capital, liquidity, income and margins, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, due to several important factors including those identified from time to time in the forward-looking statements. Those factors include, but are not limited to: weather; energy supply and demand; fuel prices; interest rates; potential future acquisitions; developments in the legislative, regulatory and competitive environment; market risks; electric and gas industry restructuring and cost recovery; the ability to obtain adequate and timely rate relief; changes in fuel supply or costs; the success of strategies to satisfy electricity requirements now that Central Hudson's major electric generation assets have been sold; future market prices for energy, capacity, and ancillary services; the outcome of pending litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and certain environmental matters, particularly the status of inactive hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. disposal sites and waste site remediation requirements; and certain presently unknown or unforeseen factors, including, but not limited to, acts of terrorism. Registrants undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Given these uncertainties, undue reliance should not be placed on the forward-looking statements. |
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