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Central Hudson to make $5.2M less due to poor performance

Jun 19, 2022 1:00 am

Paul Kirby is reporting for the Daily Freeman the revenues of Central Hudson Gas and Electric Corp. and other upstate utilities will be cut by $19.5 million as a result of performance findings for 2021 by the New York State Public Service Commission, according to that agency. Central Hudson itself is set to make about $5.2 million less for failure to meet reliability targets. The PSC said in a statement that New York State Electric & Gas Corporation and Rochester Gas and Electric Corporation each failed to meet their frequency target. As a result, NYSEG incurred a negative revenue adjustment of $7 million, and RG&E incurred a negative revenue adjustment of $5 million. The PSC reviewed the state’s major utilities in terms of their performance in a number of key areas in 2021, including electric reliability service, gas safety, electric safety, and customer service. As a result of the review, utility revenues collected from customers will be reduced for failing to meet reliability and customer service targets, the press release said. The reduced utility revenues will occur in the next rate case of each of the respective utilities. “While most utilities are doing a good job providing safe and reliable service, several utilities have fallen short of our expectations in certain areas and we will continue to act aggressively to ensure utilities improve performance,” said Commission Chairman Rory M. Christian. This year, Central Hudson has been under fire for billing complaints and skyrocketing customer bills. The PSC as well as a state Senate committee are investigating those matters. Read more in the Daily Freeman.

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