CH Energy Group is performing exceptionally well and is strongly positioned in the market as it enters 2010. The company reported its annual earning of $2.76 per share as compared to earnings of $2.22 per share in the same period last year.

CH Energy is making excellent recovery from the depressed levels of 2008. Moreover, CH Energy’s operating subsidiaries - Central Hudson Gas & Electric Corporation and Griffith Energy Services is also posting earnings increases.  

The main reason behind the Central Hudson's earnings increase was a new rate plan approved by the New York State Public Service Commission, which took effect July 1, 2009. This resolved a misalignment of its costs and revenues and has put the company in a better position to earn a return near the authorized level.

For the Griffith, partial divestiture as well as improvements in continuing operations was the main reason which helped the company to reduce company’s cost.

Energy commodity prices were lower during 2009 as compared to 2008. These lower costs were passed to customers that resulted into lower customer bills for both Central Hudson and Griffith. However, that factor lowered revenues but did not impact earnings.