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.
The proposed merger between Canadian energy company Fortis and Poughkeepsie-based CH Energy Group, parent of Central Hudson Gas and Electric Corporation has sparked a lot of concern and opposition in the past few months. And now the top executives of each company have embarked on a public relations campaign to try and quell concerns.
The Vermont Public Service Board has once again rejected arguments that ratepayers should get a $21 million refund when the state's two largest utilities merged.
Vermont Public Radio reports the board this week upheld a key provision of its June order that allowed Green Mountain Power to merge with Central Vermont Public Service Corporation.
The deal was panned by the consumer group AARP, which had raised an alarm over a payback provision for extra money CVPS customers were ordered to pay the company a decade ago to pull it back from the brink of bankruptcy.