Central Hudson Gas & Electric Corp. recently proposed 2018 rate hikes to the New York State Public Service Commission of 3.7 percent for the average residential electric customer and 4.7 percent for the typical residential gas heating customer. The company said it lowered its proposed rate hikes by planning to subsidize natural gas delivery by $10 million and electric delivery by $22 million."These rate hikes are needed to replace aging infrastructure and modernize the [...]