CH Energy Group targeted by Gamco; shareholder to submit director nominations

By Lisa Kerner

Charlotte, N.C., Nov. 25 - CH Energy Group, Inc. investors led by Gamco Asset Management Inc. are contacting individuals to gauge their interest and ability to join the company's board of directors, it was reported in a schedule 13D/A filed with the Securities and Exchange Commission.

Gamco, an 8.42% shareholder, expects to submit nominations for one or more individuals for election to the company's board at CH Energy's 2009 annual shareholder's meeting, the filing said.

CH Energy is one of several companies Gamco named in September that it believes could benefit from new nominations to their boards of directors.

In particular, the Rye, N.Y.-based investment firm said it was focused on companies with a poison pill or excess cash on hand, it was previously reported.

CH Energy is a Poughkeepsie, N.Y., electric and natural gas utility.

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