(Albany, NY) The New York State Public Service Commission today approved new electric and natural gas delivery rates for customers of Central Hudson Gas & Electric Corporation and new energy efficiency programs for residences and businesses. Full details of the orders are expected to be issued within a week.

According to the Public Service Commission, a three year plan was approved, beginning on July 1, 2010. Average monthly residential electric bills are projected to increase by approximately $4.42 per month in the first year, $3.65 per month in the second, and $2.68 per month in the third. Average monthly residential natural gas bills are projected to increase by $5.86 per month in the first year, $2.73 per month in the second, and $2.02 per month in the third.

The Public Service Commission noted that in the first year of the rate plan, a substantial portion of the electric and natural gas increases are attributable to higher local property taxes and infrastructure improvements. The Commission also indicated that the new rates will fund significant improvements in utility programs to assist low income customers and strengthen economic development programs to help attract and retain jobs within the Mid-Hudson Valley.

In a separate ruling, the Public Service Commission also approved new energy efficiency programs, including financial incentives to residential and business customers, the details of which will also be made available.

“This rate approval is critical in allowing Central Hudson to continue serving our customers safely and reliably, and to fund ongoing investments in the electric and natural gas systems,” said Michael L. Mosher, Vice President of Regulatory Affairs. “This approval comes after an 11-month review process, including settlement negotiations with participants, and we will review the rate order outlining details of the plan when it is issued,” he said.

The Public Service Commission’s announcement can be viewed at http://www.dps.state.ny.us/ (click on Press Releases).

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