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.
There has been a brighter public spotlight lately on the proposed merger between Canadian energy company Fortis and Poughkeepsie-based CH Energy Group, parent of Central Hudson Gas and Electric Corporation. In response, top executives from both companies have been making the rounds, trying to allay concerns and separate fiction from fact. Here is part two of their interview with WAMC’s Hudson Valley Bureau Chief Allison Dunne.
U.S. Senator Charles Schumer was in the Hudson Valley Friday. New York’s senior Senator says without answers to questions he has raised for some time, he cannot support a proposed utility merger in the Hudson Valley. As he was voicing his concerns, a pair of administrative law judges released a recommended decision about the merger.
The proposed merger is between Canadian energy company Fortis and Poughkeepsie-based CH Energy Group, parent of Central Hudson Gas and Electric Corporation. And the Democratic Schumer says he has serious concerns.