Central Hudson Offers Recommendations
Regarding Critical Energy Issues

High energy prices and changes in the natural gas and electric industry have prompted Central Hudson Gas & Electric Corporation to develop a series of position papers to help shape New York’s State Energy Plan, currently under development in Albany. “These position papers address the most pressing issues facing utilities today: energy pricing and supply, the environment, the reliability and integrity of the electric infrastructure and the ability to meet the energy needs of all New Yorkers at reasonable prices in the years to come,” said Carl E. Meyer, President and Chief Operating Officer.

The papers offer solutions to critical energy issues, such as the need for increased investment in the state’s electric transmission infrastructure; the business case for allowing utilities to build or invest in renewable energy facilities; an enhanced utility role in offering energy efficiency programs; and permitting a market-based rate of return to attract the necessary capital to fund these initiatives at a reasonable cost.

“In preparing the State Energy Plan, it is important that policymakers understand the major issues affecting our industry today, and the long-term benefits that properly designed policies will bring both to customers and investors,” said Meyer. “A healthy, strong energy industry will stabilize or reduce costs, encourage renewable technologies and more efficient energy use, bolster the state’s economy and create jobs, all while protecting and improving the environment. The position papers outline our vision on how to develop broad energy policies that will foster these benefits.”

The position papers provide a background discussion on each topic, an action plan, a national perspective and how the issue affects utility customers.  

	Transmission Investment Transmission owners have the planning expertise and technical/ construction skill sets to re-invigorate the bulk power system.
	Renewable Generation Investor-owned utilities possess the singular ability to construct renewable-source generation and equitably spread the expense of these large projects to benefit all New Yorkers.
	Energy Efficiency Utilities must pay a larger role in developing, marketing and delivering energy efficiency programs in New York if energy reduction goals are to be met.
	Reasonable Rate of Return In order to meet its stated goals of improved energy efficiency, increased generation and price stability, New York needs economically sound, financially solvent electric utilities that attract the capital necessary to accomplish these energy objectives.

For more information on the New York State Energy Plan, visit http://www.nysenergyplan.com

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