CH Energy Group Inc. reported consolidated earnings results for the year ended December 31, 2009. For the year ended, the company reported total operating revenues of $931,589,000 compared to total operating revenues of $1,139,201,000 for the same period a year ago. Operating Income of $80,399,000 compared to operating income of $70,952,000 for the same period a year ago. Net income from continuing operations of $34,427,000 or $2.12 per diluted share compared to net income from continuing operations of $32,609,000 or $2.00 per diluted share for the same period a year ago. Net income attributable to CH Energy Group of $43,484,000 or $2.74 per diluted share compared to net income attributable to CH Energy Group of $35,081,000 or $2.22 per diluted share for the same period a year ago. Net Income of $44,278,000 compared to net income of $36,154,000 for the same period a year ago. Income before income taxes, non-controlling interest and preferred dividends of subsidiary of $54,819,000 compared to $51,923,000 for the same period a year ago.

CH Energy Group Inc. reported earnings results for the fourth quarter ended December 31, 2009. For the quarter, the companys earnings per share were $1.04 versus $0.71 in 2008, an increase of $0.33. The increase in the quarterly earnings per share is primarily due to the rate increase that went into effect in July which corrected a significant mismatch between revenues and expenses, which developed during previous rate settlement and depressed earnings well below authorized return on equity.

CH Energy Group Inc. said that the company would start pursuing acquisitions in 2010. Steven Lant, CH Energy Groups Chairman of the Board said, That strategy, which consists of carefully selecting acquisitions, paying the right price and integrating them effectively, as well as quality- and value-based marketing programs and continuous improvement in operating efficiency, is bearing fruit. This strategy will be continued in our historical core market area in the Mid-Atlantic region, including our resuming tuck-in acquisitions in 2010.