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Investing In Our Future

CDG solar field

 

Central Hudson proposed a new rate plan to the Public Service Commission (PSC) to replace its current plan, which ends in June 2025.

Central Hudson Gas & Electric Corp. is proposing a comprehensive energy plan with the state Public Service Commission that, if approved, would take effect next summer. The plan focuses on infrastructure investments that help fulfill our obligation to provide safe and reliable service to the communities we serve and comply with New York’s climate laws.

If approved, total revenue increases under the proposal with moderators are approximately 4.6 percent for electricity and 5.8 percent for natural gas. Central Hudson intends to partner with regulators and stakeholders to explore a potential multi-year plan that would further level out rate impacts.

 

Rate Plan Proposal Announcement Rate Plan Filing
 

PATH FORWARD

Under New York’s regulatory model, Central Hudson must file a new rate plan to replace its current plan once it expires next year so that critically required investments in the electric and natural gas systems may continue. The latest proposal would replace the current rate order and if approved would become effective on July 1, 2025. The filing launches an 11-month review by state regulators and participating parties and provides several opportunities for public comment; the Commission may approve, modify, or reject any or all of the proposed terms.

    PROPOSAL ELEMENTS

  1. Investments to replace aging infrastructure to maintain safe and reliable service.

  2. Compliance with clean energy initiatives.

  3. Enhance cyber security preparedness

 

INFRASTRUCTURE UPGRADES

Central Hudson plans to continue investing in new technologies that improve the durability and reliability of the grid.

Infrastructure work site
  • Replacing aging electric and natural gas infrastructure in order to continue to provide a safe, efficient and more reliable gas and electric delivery system. Approximately 20% of existing electric infrastructure is at the end of its useful life, and the majority of  infrastructure investments under the proposed rate plan target aging infrastructure.

  • Incorporating technologies and upgrades that allow for greater interconnection of locally produced renewable resources and support the growing use of electric vehicles and heat pumps.
 

COMPLIANCE WITH CLEAN ENERGY INITIATIVES

To align with New York’s Climate Leadership and Community Protection Act’s targets and regulations, Central Hudson must invest in technologies that play a vital role in reducing fossil fuel dependence and advancing the clean energy transition for the benefit of our customers and the environment.

Compliance with clean energy initiatives_gridmod icon The proposal includes required investments to update electric and natural gas lines and implement the advanced technologies required to meet increased electrification goals that reduce emissions. Critical investments in grid modernization allow for greater interconnection of distributed energy sources such as solar, battery storage and wind. These investments will allow Central Hudson to adapt to the changing energy landscape and provide better services to our customers.
Compliance with clean energy initiatives_EE icon Energy efficiency programs are among the most cost-effective ways to reduce emissions and lower energy use. Central Hudson’s proposal continues its full suite of incentives and services that help all customers reduce their environmental footprint and save money. Our programs support CLCPA objectives and promote electric vehicles, efficient heating and cooling, building weatherization and renewable energy. Our programs have saved participating customers more than $107 million in energy bills and reduced energy use by the equivalent of powering 64,000 homes.

 

 

ENHANCE CYBER SECURITY PREPAREDNESS

Central Hudson also proposes to substantially bolster cybersecurity programs though the expansion of its cyber team to monitor and protect critical systems used to operate the local energy grid. These positions are necessary to keep pace with the continuously evolving nature of the cybersecurity threat landscape.  Organizational restructuring and additional staffing allow Central Hudson to strengthen critical cybersecurity capabilities, evolve with the online landscape, and provide a dedicated focus on cyber security.