Central Hudson Offers Recommendations Regarding Critical Energy Issues

High energy prices and changes in the natural gas and electric industry have prompted Central Hudson Gas & Electric Corporation to develop a series of position papers to help shape New York’s State Energy Plan, currently under development in Albany. “These position papers address the most pressing issues facing utilities today: energy pricing and supply, the environment, the reliability and integrity of the electric infrastructure and the ability to meet the energy needs of all New Yorkers at reasonable prices in the years to come,” said Carl E. Meyer, President and Chief Operating Officer.

The papers offer solutions to critical energy issues, such as the need for increased investment in the state’s electric transmission infrastructure; the business case for allowing utilities to build or invest in renewable energy facilities; an enhanced utility role in offering energy efficiency programs; and permitting a market-based rate of return to attract the necessary capital to fund these initiatives at a reasonable cost.

“In preparing the State Energy Plan, it is important that policymakers understand the major issues affecting our industry today, and the long-term benefits that properly designed policies will bring both to customers and investors,” said Meyer. “A healthy, strong energy industry will stabilize or reduce costs, encourage renewable technologies and more efficient energy use, bolster the state’s economy and create jobs, all while protecting and improving the environment. The position papers outline our vision on how to develop broad energy policies that will foster these benefits.”

The position papers provide a background discussion on each topic, an action plan, a national perspective and how the issue affects utility customers. The position papers can be viewed at www.CentralHudson.com; click on “Thoughts on the New York State Energy Plan.”

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