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May 05, 2015 7:50 AM ET

Electric Utilities

Company Overview of Central Hudson Gas & Electric Corp.

Company Overview

Central Hudson Gas & Electric Corporation, a regulated electric and natural gas company, engages in the purchase, sale, and distribution of electricity and natural gas at retail in portions of New York State. The company also generates a portion of its electricity requirements. It provides electric services in the Hudson Valley; and natural gas services in the cities of Poughkeepsie, Beacon, Newburgh, and Kingston, New York, as well as in certain outlying and intervening territories. The company’s electric transmission system consists of 629 pole miles of line; and electric distribution system comprises 7,300 pole miles of overhead lines and 1,400 trench miles of underground lines, as well a...

284 South Avenue

Poughkeepsie, NY 12601

United States

Founded in 1926

926 Employees

Phone:

845-452-2000

Key Executives for Central Hudson Gas & Electric Corp.

Chief Executive Officer, President and Director
Age: 57
Chief Financial Officer, Executive Vice President and Director
Age: 51
Executive Vice President and General Counsel
Age: 69
Senior Vice President of Customer Services and Director
Age: 54
Chief Information Officer
Compensation as of Fiscal Year 2014.

Central Hudson Gas & Electric Corp. Key Developments

Central Hudson Gas & Electric Corp. Announces Board Changes

Central Hudson Gas & Electric Corp. on Dec. 16 said it has appointed Margarita Dilley as chair of the board of the company and its parent CH Energy Group Inc., effective Jan. 1, 2015. The move follows H. Stanley Marshall's intent to retire Dec. 31 after more than four decades of service with Fortis Inc., which acquired Central Hudson in 2013. Dilley, who joined the board of Central Hudson in 2004, is also the former vice president and CFO of Astrolink International LLC. She also chaired Central Hudson's audit and risk committee. In addition, Fortis Properties Inc. President Nora Duke was appointed to Central Hudson's board of directors. As president and CEO of Fortis Properties, Duke is responsible for two operating divisions: commercial real estate and hotels.

Central Hudson Gas & Electric Corporation and CH Energy Group, Inc. Announce Executive Changes

Central Hudson Gas & Electric Corporation has announced the retirement of Steven Lant as CEO of Central Hudson and its parent company, CH Energy Group Inc., effective October 31, 2014. Lant will be succeeded by James P. Laurito, who currently serves as Central Hudson's President. Lant joined Central Hudson in 1980 in its Cost & Rate Division and progressed through a series of promotions with increasing responsibilities throughout his long career, being named Chairman of the Board and CEO in 2003. He has served on the Board of Directors of the industry association The Edison Electric Institute, as well as those of several community groups, including Health Quest, the Hudson Valley Economic Development Corporation and Dutchess County United Way.

Central Hudson Gas & Electric Corp. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Central Hudson Gas & Electric Corp. reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company’s revenue was CAD 272 million. Operating income was CAD 35 million. Net earnings from continuing operations were CAD 18 million. Net earnings were CAD 18 million. Gross capital expenditures were CAD 21.

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