POUGHKEEPSIE, NY, May 13, 2025 – Central Hudson Gas & Electric Corp., today announced that the utility, the Staff of the New York State Department of Public Service and other parties to the utility’s rate proceeding, signed and filed a proposed multi-year agreement for delivery rates. If approved, the new three-year rate plan would allow the company to continue making critical infrastructure investments to help improve reliability, protect the grid and customers against cyber-attacks, and help New York achieve its clean energy targets while minimizing bill impacts to most customers, and immediately decrease total bills for low-income customers.
“At Central Hudson, we understand the financial challenges that rising bills place on our customers, and we are committed to easing this burden by implementing a rate plan that balances essential system investments with the need to keep costs as low as possible,” Central Hudson President and CEO Steph Raymond said. “Our top priority is to enhance the reliability and efficiency of our services, ensuring that our communities receive the maximum value and support they deserve. We are here for our customers, and we will continue to work tirelessly to meet their needs.”
If approved, the typical electric customer who uses 630 kilowatt hours of electricity would see a total bill increase of 3.12 percent, or an additional $5.43 per month for the first rate year. The typical natural gas customer who uses an average of 64 hundred cubic feet (ccf) per month would see a total bill increase of 5.19 percent, or $7.73 per month for the first rate year.
Electric Bills to Decrease for Low-Income Residential Customers
The Joint Proposal was designed with protections for the most vulnerable customers within the utility’s service area. If approved, customers who receive the base level Home Energy Assistance Program or other qualifying benefits would see the typical monthly electric bill decrease by approximately 4.2 percent, or $3.85 per month.
In addition, Central Hudson has committed to increasing outreach efforts to income qualified customers to maximize enrollment.
The Joint Proposal is a part of the regulatory review process for a new rate plan proposed by Central Hudson in 2024. It was agreed to, and signed, by several parties including Central Hudson, the Staff of the Department of Public Service (PSC) and Multiple Intervenors. The PSC is expected to rule on the Joint Proposal this fall and may approve, modify, or reject any – or all – proposed terms.
“We believe this proposed plan will allow Central Hudson to make needed improvements in critical business areas while also making the system investments that are required to accommodate New York’s clean energy transformation,” Raymond concluded.
ABOUT CENTRAL HUDSON
Central Hudson Gas & Electric Corporation is an energy delivery company headquartered in Poughkeepsie, New York. The utility serves approximately 315,000 electric and 90,000 natural gas customers in eight counties of New York State’s Mid-Hudson River Valley, delivering natural gas and electricity in a 2,600-square-mile service territory that extends north from the suburbs of metropolitan New York City to the Capital District around Albany. Central Hudson supports local community service and business organizations, and offers value-added products and services, including energy efficiency and economic development programs. For more information, visit www.CentralHudson.com. Join the conversation on Facebook, keep up with our adventures on Instagram, learn about our achievements on LinkedIn, and follow us on X.
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