Central Hudson: Comments due on joint proposal filed in the Central Hudson electric and gas rate case
July
31
2025
4:30
PM
Virtual
Comments Due July 31, 2025
Case 24-E-0461 - Proceeding on Motion of the Commission as to the Rates, Charges, Rules and Regulations of Central Hudson Gas & Electric Corporation for Electric Service.
Case 24-G-0462 - Proceeding on Motion of the Commission as to the Rates, Charges, Rules and Regulations of Central Hudson Gas & Electric Corporation for Gas Service.
To submit electric case comments, fill out the Case 24-E-0461 comment form.
To submit gas case comments, fill out the Case 24-G-0462 comment form.
Comments are sought concerning a Joint Proposal filed on May 13, 2025, in the above-captioned proceedings. The Joint Proposal would establish new electric and gas rate plans for Central Hudson Gas & Electric Corporation (the Company) for three years beginning July 1, 2025. The three rate years - Rate Year 1 (RY1), Rate Year 2 (RY2), and Rate Year 3 (RY3) – are defined as the 12 months ending June 30, 2026, June 30, 2027, and June 30, 2028, respectively.
The signatories to the Joint Proposal are the Company, trial staff of the Department of Public Service, Multiple Intervenors, and Walmart.
If approved, the Joint Proposal’s terms would provide for increases in revenues for the Company’s electric and gas delivery services. After rate moderation, the RY1 increase for electric would be $29.7 million (5.5% delivery and 2.9% total revenue), the RY2 increase would be $31.6 million (5.3% delivery and 2.9% total revenue), and the RY3 increase would be $34.5 million (5.3% delivery and 3.0% total revenue).
After rate moderation, the increases for gas would be $14.5 million (8.8% delivery and 5.4% total revenue) in RY1, CASES 24-E-0461 et al. -2- $15.9 million (8.7% delivery and 5.6% total revenue) in RY2, and $17.5 million (9.0% delivery and 5.8% total revenue) in RY3.
The actual bill impacts of the proposed changes would vary based on revenue allocation and rate design.
The proposed revenue requirements reflect a common equity ratio of 48% for the Company, and a return on equity of 9.5%. The Joint Proposal includes an earnings sharing mechanism by which customers would share annual earnings that exceed 10.00%. Among other things, the Joint Proposal continues the Company’s Energy Affordability Program; continues the Customer Service Performance Indicators, while imposing substantial negative revenue adjustments if the Company fails to meet certain metrics; continues extreme weather protections; and continues and enhances existing gas safety performance metrics and public safety programs.