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Takeover will mean higher electric rates, say critics

May 02, 2013 05:00 PM | 0 0 comments | 3 3 recommendations | email to a friend | print
The proposed $1.5-billion purchase of Central Hudson Energy Group by Fortis, Inc., a Canadian-based holding company, doesn’t have too many friends willing to speak on its behalf, if the April 18 public hearing held by the state Public Service Commission (PSC) in Kingston’s city hall was any indicator. All 27 people who spoke at the session, attended by about 80 persons, were adamantly against the deal.
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