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Central Hudson Gas and Electric Corporation's push to increase customer rates is currently on hold. The delay comes as the utility and the Public Service Commission (PSC) staff work to finalize a joint proposal, which remains unresolved. Consequently, the evidentiary hearing initially scheduled for May 19 has been postponed to June 16.
Central Hudson is seeking approval to raise electricity delivery rates by 5.3% and gas delivery rates by nearly 9%. The proposed increases are intended to address several factors, including the replacement of aging infrastructure, rising labor costs, and cybersecurity measures. Additionally, the company cites an increase in uncollectable expenses due to growing customer arrears as a reason for the rate hikes.
According to the Daily Freeman, a tentative settlement proposal has been reached, but details have yet to be disclosed. Public comment on the proposed rate changes has been invited, with hearings held in various locations, including Kingston and Catskill.
The outcome of these proceedings will determine whether Central Hudson can proceed with its planned rate increases, impacting the utility's customers in Kingston and surrounding areas. The PSC will continue to evaluate the proposal before the rescheduled hearing in June.