The New York State Public Service Commission Thursday approved a utility merger in the Hudson Valley. The $1.5 billion acquisition of the Poughkeepsie-based utility had its share of controversy in recent months.
And so went the Public Service Commission’s vote in favor of the acquisition by Canadian energy company Fortis Inc. of CH Energy Group, parent company of Central Hudson Gas and Electric Corporation. Supporters, including Barry Perry, vice president, finance and chief financial officer of Fortis, are gratified.
The companies involved in a proposed utility merger in the Hudson Valley have offered enhancements to the merger proposal. Opponents say they are too little, too late. The controversial merger proposal has led both sides to pound the pavement to tell their sides of the story.