Weather Alert

Snow Storm Winds Down Overnight - Areas of Heavier Snow Persist Through 12am

Areas of moderate to locally heavy snow will continue across the region through midnight with a trend towards lighter and more intermittent snowfall developing.  Snowfall will become much lighter and scattered in nature after midnight tapering to scattered snow showers towards daybreak.  Additional accumulations of 1"-4" likely in many areas through 3am.  Slow and slick travel conditions with reduced visibility at times persisting through the night.  Click Here for the CBS6 Weather Forecast Page

WEATHER ALERT


Weather Alert Radar

The Real Deal

The Real Deal

 
text size

The Real Deal: Central Hudson Rates Going Up

Updated: Wednesday, May 21 2014, 02:03 PM EDT
ALBANY—As if the 120% increase in our winter heating bills wasn't shocking enough, Central Hudson customers now have to deal with another hike on their energy bills.  This increase has nothing to do with winter, weather or deliver, it's coming to you compliments of the federal government.
 
We were all slammed with huge winter heating bills but now Central Hudson customers are getting a second punch in the gut, a notice from the utility to expect a 6-10% increase on the supply section of the electric bill courtesy of the Federal Energy Regulatory Commission.  The State of New York is broken up into 11 electric gird load zones but FERC has combined the four zones in lower New York and New York City and is demanding that utilities operating in those zones buy electric from generators who make it in those zones.  "The capacity that we will be purchasing going forward will be from a limited geographical zone now and that is going to raise the market price for capacity which we've seen already," says John Maserigian, a spokesman for Central Hudson.
 
Believe it or not, those higher rates are exactly what FERC wants, "those capacity prices will vary and they will fluctuate according to market conditions, so if new resources come in to that area, those capacity prices will go down accordingly in the market," says David Flannigan of the New York Independent System Operator.  Translation:  FERC is hoping more generators will set-up downstate which would ease congestion on the state-wide transmission system and hopefully give us all lower energy rates but there are no guarantees.
 
"Raising prices this summer to demonstrate a need is unnecessary and only creating a burden to consumers and a windfall to existing members of the market…We do have adequate generation in the state, what we're missing is the transmission to get the power from Western New York to Downstate New York and from Northern New York to Downstate New York," says Audrey Zibelman, the Chairwoman of the NYS Public Service Commission.  There are a number of proposals and projects underway that should help the infrastructure issues but permanent solutions are still likely years away and these new zones are here now.
 
Central Hudson has filed suit against FERC requesting a stay on further capacity auctions under the new zones.  The utility requested FERC either cancel, postpone or phase in the new zones to allow more time for consideration of alternative solutions.  The NYS Public Service Commission also joined the suit.  The US Court of Appeals will hear motions on the case on June 3rd.The Real Deal: Central Hudson Rates Going Up


Advertise with us!

Related Stories

Hello and thank you for stopping by The Real Deal web-page! I'm hoping you'll find some useful information here. I (Jennifer Lewke) will be updating this page daily to bring you the latest news on anything and everything that may impact your wallet. Whether it's a bad business trying to rip you off, a contractor who took your money and ran, the government wasting your tax dollars, or a telemarketer who just won't stop calling, my goal is to uncover it and hopefully prevent it from happening again!

On the right-hand side of this page, you'll see a section labled "Links" --these will all take you to websites for organizations that help protect consumers. Most of the groups have the authority to fine or shut down bad businesses so it's important to file the proper complaints to get some action.

I'm happy to look into any issue you have to get you the Real Deal. You can reach me anytime at (518) 381-4992 or by email at jlewke@wrgb.com. I hope to hear from you soon!

Top Stories

 
Advertise with us!

Links

  • New York State Attorney General's Office
    Consumer complaints against a business or service in New York state


  • Federal Trade Commission
    Consumer complaints against a nation-wide company


  • New York Public Service Commission
    Consumer complaints about utility companies


  • Consumer Finanical Protection Bureau
    Consumer complaints about a bank, credit card company, or loan company


  • New York State Division of Consumer Protection
    Identity theft and scam protection


  • Phishing Scams
    How to protect yourself from phishing scams


  • Free Credit Reports
    Everyone is entitled to one free copy of a credit report from each of the three credit reporting bureaus once a year


  • Unsolicited Emails
    To check out unsolicited emails


  • Legal Aid Society of Northeastern New York
    Free legal advice