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Central Hudson Gas & Electric Corporation Files Statement of Revenue Decoupling Mechanism Adjustment

Strategic Insights

— 1 min read

Central Hudson Gas & Electric Corporation, a leading gas and electric utility company in New York, has filed a statement of revenue decoupling mechanism adjustment with the New York State Public Service Commission. The filing becomes effective on February 1, 2022, and outlines the revenue decoupling mechanism (RDM) adjustment for the period beginning February 1, 2022. The statement includes factors for total delivery revenue excess/shortfalls for the period July 1, 2021, through December 31, 2021, as well as reconciliation for the factors in effect from February 1, 2022, through July 31, 2022.

Key Takeaways:

  • Central Hudson Gas & Electric Corporation has filed a statement of revenue decoupling mechanism adjustment with the New York State Public Service Commission, effective February 1, 2022.
  • The filing outlines the revenue decoupling mechanism (RDM) adjustment for the period beginning February 1, 2022.
  • The statement includes factors for total delivery revenue excess/shortfalls for the period July 1, 2021, through December 31, 2021.
  • The factors include reconciliation for the factors in effect from February 1, 2022, through July 31, 2022.
  • The filing is pursuant to the Order issued and effective June 14, 2018, in Case 17-G-0460.
  • The RDM was implemented for Central Hudson Gas & Electric Corporation for gas Service Classification Nos. 1, 2, 6, 11, 12, and 13 effective July 1, 2009, in Case 08-G-0888 and further modified in Case 20-G-0429 to include Service Classification No. 11 Transmission, Distribution, and Distribution Large Mains.

Statistics:

  • The Revenue Decoupling Mechanism (RDM) adjustment period is defined as the six months beginning February 1 or the six months beginning August 1 immediately following each Semi-Annual RDM Period.
  • The Semi-Annual RDM Periods are defined as the six months ending December 31 and June 30 and each succeeding six-month period thereafter.
  • Central Hudson Gas & Electric Corporation implemented the RDM for gas Service Classification Nos. 1, 2, 6, 11, 12, and 13 effective July 1, 2009, in Case 08-G-0888.
  • The Company has modified the RDM to include Service Classification No. 11 Transmission, Distribution, and Distribution Large Mains in Case 20-G-0429.

Sources:

  • Central Hudson Gas & Electric Corporation, "Statement of Revenue Decoupling Mechanism Adjustment RDM-20," filed January 21, 2022.
  • New York State Public Service Commission, "Order in Case 17-G-0460," issued and effective June 14, 2018.
  • Central Hudson Gas & Electric Corporation, "RDM Factors," filed in Case 08-G-0888, effective July 1, 2009.

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