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): December 19, 2006
Central Hudson Gas & Electric Corporation
(Exact name of Registrant as specified in its charter)
New York 1-3268 14-0555980
(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 December 19, 2006, Central Hudson Gas & Electric Corporation (the "Company"),
a wholly owned subsidiary of CH Energy Group, Inc., entered into an Amended and
Restated Credit Agreement (the "Amended Credit Agreement") with the lenders
named therein and JPMorgan Chase Bank, N.A., as arranger and administrative
agent. The Amended Credit Agreement, which will become effective on January 2,
2007 (subject to satisfaction of certain closing conditions), extends the
maturity date of the revolving credit facility provided under the Company's
existing Credit Agreement to January 2, 2012, increases the existing commitments
of the lenders under the facility by $50 million, to $125 million, and increases
the ratio of consolidated total funded debt to total capitalization which the
Company may not exceed to .65 to 1.00. A copy of the Amended Credit Agreement is
filed herewith as Exhibit 1 and incorporated herein by reference.
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 December 19, 2006, the Company
entered into the Amended Credit Agreement, which extended the maturity of, and
increased the maximum principal amount which the Company may borrow under, its
existing unsecured revolving credit facility, which is a direct financial
obligation of the Company.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits. The following is filed as an exhibit to this Form 8-K pursuant to
Item 6.01 of Regulation S-K:
1 Amended and Restated Credit Agreement effective as of January 2,
2007 among the Company, the lenders named therein and JPMorgan Chase
Bank, N.A., as arranger and administrative agent.
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.
CENTRAL HUDSON GAS & ELECTRIC
CORPORATION
Date: December 20, 2006 By: /s/ Christopher M. Capone
-------------------------
Name: Christopher M. Capone
Title: Chief Financial Officer and Treasurer
EXHIBIT INDEX
Exhibit No. Exhibit
----------- -------
1 Amended and Restated Credit Agreement effective as of January
2, 2007 among the Company, the lenders named therein and
JPMorgan Chase Bank, N.A., as arranger and administrative
agent.