ch13g_01.htm
 
 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 
SCHEDULE 13G

 
Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 
 CH Energy Group, Inc._
(Name of Issuer)


Common Stock
(Title of Class of Securities)

 
12541M102
(CUSIP Number)

December 30, 2011
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[ X ] Rule 13d-1(b)
[   ] Rule 13d-1(c)
               [   ] Rule 13d-1(d)


*The remainder of this cover page shall be filled out for the reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.


The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




 
1
 



 
 
CUSIP No. 12541M102
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
Gabelli Funds, LLC                                                              I.D. No.  13-4044523
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)  (a)
 
 
(b)
 
3
Sec use only
 
4
Citizenship or place of organization
   New York
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 5
:
:
:
Sole voting power
 
1,700
: 6
:
:
:
Shared voting power
 
None
: 7
:
:
:
Sole dispositive power
 
810,394
:8
:
:
:
Shared dispositive power
 
None
9
 
 
 
Aggregate amount beneficially owned by each reporting person
 
810,394
10
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)
11
 
 
 
Percent of class represented by amount in row (11)
 
5.44%
12
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
    IA

 
2
 

CUSIP No. 12541M102
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
GAMCO Asset Management Inc.                                                          I.D. No.  13-4044521
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) 
(b)
 
3
Sec use only
 
4
Citizenship or place of organization
   New York
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 5
:
:
:
Sole voting power
 
691,569
: 6
:
:
:
Shared voting power
 
None
: 7
:
:
:
Sole dispositive power
 
732,644
:8
:
:
:
Shared dispositive power
 
None
9
 
 
 
Aggregate amount beneficially owned by each reporting person
 
732,644
10
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)
11
 
 
 
Percent of class represented by amount in row (11)
 
4.92%
12
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
    IA, CO



 
3
 

CUSIP No. 12541M102
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
Teton Advisors, Inc.                                                                        I.D. No.  13-4008049
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) 
 
(b)
 
3
Sec use only
 
4
Citizenship or place of organization
   Delaware
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 5
:
:
:
Sole voting power
 
400
: 6
:
:
:
Shared voting power
 
None
: 7
:
:
:
Sole dispositive power
 
400
:8
:
:
:
Shared dispositive power
 
None
9
 
 
 
Aggregate amount beneficially owned by each reporting person
 
400
10
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)
11
 
 
 
Percent of class represented by amount in row (11)
 
0.00%
12
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
    IA


 
4
 



CUSIP No. 12541M102
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
GGCP, Inc.                                                                                 I.D. No.  13-3056041
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a)
 
 
(b)
 
3
Sec use only
 
4
Citizenship or place of organization
   Wyoming
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 5
:
:
:
Sole voting power
 
None
: 6
:
:
:
Shared voting power
 
None
: 7
:
:
:
Sole dispositive power
 
None
:8
:
:
:
Shared dispositive power
 
None
9
 
 
 
Aggregate amount beneficially owned by each reporting person
 
None
10
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)  X
11
 
 
 
Percent of class represented by amount in row (11)
 
0.00%
12
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
    HC, CO

 
5
 
CUSIP No. 12541M102
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
GAMCO Investors, Inc.                                                                                      I.D. No.  13-4007862
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a)
 
 
(b)
 
3
Sec use only
 
4
Citizenship or place of organization
   New York
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 5
:
:
:
Sole voting power
 
None
: 6
:
:
:
Shared voting power
 
None
: 7
:
:
:
Sole dispositive power
 
None
:8
:
:
:
Shared dispositive power
 
None
9
 
 
 
Aggregate amount beneficially owned by each reporting person
 
None
10
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS) X
11
 
 
 
Percent of class represented by amount in row (11)
 
0.00%
 
12
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
    HC, CO

 
6
 

CUSIP No. 12541M102
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
Mario J. Gabelli
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a)
 
 
(b)
 
3
Sec use only
 
4
Citizenship or place of organization
   USA
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
:5
:
:
:
Sole voting power
 
500  (Item 5)
: 6
:
:
:
Shared voting power
 
None
: 7
:
:
:
Sole dispositive power
 
500  (Item 5)
:8
:
:
:
Shared dispositive power
 
None
9
 
 
 
Aggregate amount beneficially owned by each reporting person
 
500  (Item 5)
10
 
 
 
Check box if the aggregate amount in row (9) excludes certain shares
(SEE INSTRUCTIONS)  X
11
 
 
 
Percent of class represented by amount in row (9)
 
0.00%
12
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
    IN


 
7
 

ITEM 1.
(a)  
Name of Issuer :
CH Energy Group, Inc.

(b)  
Address of Issuer’s Principal Executive Officer:
284 South Avenue, Poughkeepsie, New York 12604-4839
ITEM 2.
(a)  
Name of Person Filing:
This Schedule 13G is being filed by Gabelli Funds, LLC, GAMCO Asset Management Inc., Teton Advisors, Inc., GGCP, Inc., GAMCO Investors, Inc. and Mario J. Gabelli (each a “Reporting Person” & collectively the “Reporting Persons”).

(b)  
Address of Principal Business Office:
One Corporate Center, Rye, N.Y. 10580

(c)  
Citizenship
Gabelli Funds, LLC is a New York limited liability Company; GAMCO Asset Management Inc. is a New York corporation; Teton Advisors, Inc. is a Delaware corporation; GGCP, Inc. is a Wyoming corporation; GAMCO Investors, Inc. is a New York corporation; Mario J. Gabelli is a U.S. citizen.

(d)  
Title of Class of Securities:
Shares of Common Stock, Par Value $0.10 per share

(e)  
Cusip Number:
12541M102

ITEM 3.
If this statement is filed pursuant to Sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company
Act of 1940 (15 U.S.C. 80a-8).

(e) [X] An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E);
(for Gabelli Funds, LLC,GAMCO Asset Management Inc. and Teton Advisors, Inc. only)

(f) [ ] An employee benefit plan or endowment fund in accordance with Section
240.13d-1(b)(1)(ii)(F);

(g) [X] A parent holding company or control person in accordance with Section
240.13d-1(b)(1)(ii)(G);
                    (for GGCP, Inc., GAMCO Investors, Inc. and Mario J. Gabelli only)

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J)

(k) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(K). If filing as a
non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J),
please specify the type of institution

ITEM 4.
The aggregate number of Securities to which this Schedule 13G relates is 1,543,938 shares, representing 10.37% of the 14,888,149 shares outstanding as reported in the Issuer’s most recent Form 10-Q for the quarterly period ended September 30, 2011.  The Reporting Persons beneficial ownership exceeded 10% of the Issuer’s outstanding shares solely as the result of the buyback of shares by the Issuer.

In accordance with the policies and procedures of Gabelli Funds, LLC and each of the registered investment companies that it advises (“Fund”), the independent proxy voting committee of each Fund exercises in its sole discretion the entire voting power with respect to 808,694 shares of the Issuer held and to be held by each Fund until such committee otherwise determines.  Accordingly, Gabelli Funds, LLC has no voting authority but continues to have sole dispositive power over such shares.

ITEM 5.
Ownership of Five Percent or Less of a Class.
Not applicable.
ITEM 6.
Ownership of More than Five Percent on Behalf of Another Person.
As indicated in the response to Item 4 (c) (i), the investment adviser has sole dispositive power over all shares of the Issuer held by the Reporting Person.

ITEM 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
Not applicable.

ITEM 8.
Identification and Classification of Members of the Group.
Not applicable.

ITEM 9.
Notice of Dissolution of Group.
Not applicable.

ITEM 10.
Certification.
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
 
 
 
8
 

 
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated:            February 2, 2012


 
GGCP, INC.
MARIO J. GABELLI

 

By:/s/ Douglas R. Jamieson                                                                           
     Douglas R. Jamieson
     Attorney-in-Fact



             GABELLI FUNDS, LLC
                                TETON ADVISORS, INC.

By:/s/ Bruce N. Alpert                                                                
     Bruce N. Alpert
     Chief Operating Officer – Gabelli Funds, LLC
                                       Director - Teton Advisors, Inc.



GAMCO ASSET MANAGEMENT INC.
GAMCO INVESTORS, INC.


By:/s/ Douglas R. Jamieson                                                                           
     Douglas R. Jamieson
                    President & Chief Operating Officer – GAMCO Investors, Inc.
                                                                                                    President – GAMCO Asset Management Inc.









 
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