52.2 million adults, or 23% of all US adults, reported not being able to pay their energy bills at least once in the previous year¹. Meanwhile, for-profit utilities—known as investor-owned utilities—requested a historic $18.13 billion increase in 2023 alone². When approved by state regulators, around half of these increases are paid for by residential customers³.

Our bill, the Hudson Valley Power Authority Act, would replace investor-owned Central Hudson with a not-for-profit state corporation. An independent feasibility study shows that it would immediately save $15.2 million in Year 1, $116.8 million annually by Year 20, and $210.5 million annually by Year 30⁴.

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SOURCES:
(1,2,3) Overcharged: The Rules of the Electricity Affordability Crisis
(4) NewGen Feasibility Study