POUGHKEEPSIE, NY, August 14, 2025 – In a major step toward strengthening the Hudson Valley’s energy future, the New York State Public Service Commission has approved a new multi-year rate plan for Central Hudson Gas & Electric Corp. This forward-looking plan empowers Central Hudson to make essential upgrades that will enhance the reliability of the region’s energy infrastructure and reinforce cybersecurity protections against evolving threats. Designed with customer impact in mind, the three-year plan prioritizes efficiency; keeping bill increases modest for most customers while delivering immediate savings for low-income households. 

“Rising energy costs are a concern for families and businesses across the country and especially here in the Hudson Valley,” Central Hudson President and CEO Steph Raymond said. “We’ve spent more than a year working with our regulators and other interested stakeholders to arrive at a financially responsible plan that allows us to make the investments required to power our customers lives, protect their data and their energy system and do it all with minimal impacts to customers’ bills.”  

Under the new plan that will go into effect on September 1, the average electric customer would see a total bill increase of 3.12 percent, or an additional $5.43 per month for the first rate year. The average natural gas customer would see a total bill increase of 5.19 percent, or $7.73 per month for the first rate year. 

Lower Impact for Low-Income Customers 

The rate plan was also designed with protections for the most vulnerable customers within the utility’s service area. Customers who receive the base level Home Energy Assistance Program or other qualifying benefits on average would see their monthly electric bill decrease by approximately 4.2 percent per month and their natural gas bill increase by approximately 1.08 percent per month in the first year. In addition, Central Hudson has committed to increasing outreach efforts to income qualified customers to maximize enrollment. 

“We understand the impacts rising utility bills can have on our customers’ bottom line and we are committed to doing everything in our power to ease that burden,” Raymond added. “We know that energy is essential and so is our customers’ trust. That’s why we’re focused not just on powering homes and businesses, but we’re also focused on supporting the people behind them.” 

For more information on the new approved rate plan, visit www.centralhudson.com/rateplan. 

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