Central Hudson Gas & Electric Corporation

What Central Hudson Gas & Electric Corporation does

Central Hudson Gas & Electric Corporation is a regulated energy delivery utility headquartered in Poughkeepsie, New York, and a wholly-owned subsidiary of Fortis Inc. The company delivers electricity to approximately 315,000 customers and natural gas to approximately 90,000 customers across an 8,000-square-mile franchise territory spanning eight counties in New York's Mid-Hudson River Valley. Its transmission and distribution infrastructure includes 69kV-345kV electric corridors and gas distribution networks, with planned capital investment of approximately $1.9 billion through 2030 to support reliability and load growth.

The company generates revenue primarily through regulated, usage-based rates approved by New York State authorities for electricity and natural gas delivery. Beyond commodity delivery, Central Hudson operates a structured economic development program that includes four grant tracks for manufacturers (Infrastructure for Manufacturers, Manufacturing Productivity, Expansion and Retention, and Workforce Clean Energy, each offering up to $200,000), rebates for energy-efficient technologies, and the Enhanced Energy Affordability Program for residential bill assistance. Customer-facing digital infrastructure comprises an iOS/Android mobile app, an online account management portal, an interactive outage map, and SMS-based text alerts for billing and outage communications.

Central Hudson pursues a hybrid go-to-market: regulated retail delivery to a distributed residential and small commercial base, plus dedicated economic development teams and partnerships with regional organizations (HVEDC, Think Dutchess, Orange County Partnership, Greene County EDC, Council of Industry) to attract and retain large commercial and industrial customers. Active enterprise engagements include infrastructure planning for IBM's Poughkeepsie data center and quantum computing operations, the 300-acre iPark 84 redevelopment, Garonit Pharmaceutical's chlorhexidine manufacturing facility, Choice Films' studio expansion, and the Maybrook Industrial Site redevelopment backed by $35 million in FAST NY funding. Leadership is headed by President & CEO Steph Raymond.

Name

Central Hudson Gas & Electric Corporation

Legal name

Central Hudson Gas & Electric Corporation

Website

https://cenhud.com

Company type

Private

Founded year

1900

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Central Hudson Gas & Electric Corporation is a regulated New York utility subsidiary of Fortis Inc. delivering electricity to approximately 315,000 customers and natural gas to 90,000 customers across eight counties in the Mid-Hudson River Valley, with planned $1.9 billion in infrastructure investment through 2030.

Ownership category

akta.pro rank

Product category

Electric and Natural Gas Utility Distribution

NAICS

Natural Gas Distribution (2212), Electric Power Generation, Transmission and Distribution (2211)

SIC

Natural Gas Transmisison & Distribution (4923), Natural Gas Distribution (4924), Electric Services (4911)

akta.pro primary industry

Gas Mains (Distribution Pipelines) (EUAJABAA)

akta.pro secondary industries

Gas Distribution Network Operations & Dispatch (Control Centers) (TLAGADAC), Service Line Maintenance & Repair (Customer Laterals) (EUAJAMAC), Service Lines, Connections & Customer Hookups (New Taps) (TLAGADAF)

Keywords

• Electric utility distribution
• Natural gas distribution
• Energy delivery services
• Regulated utility services
• Energy efficiency incentives

Headquarters

HQ city

Poughkeepsie

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Revenue model

1. Electric Distribution: Delivery of electricity to approximately 315,000 customers across the Hudson Valley service territory. Revenue is generated through regulated rates approved by state authorities.
2. Natural Gas Distribution: Delivery of natural gas to approximately 90,000 customers in the service territory. Revenue generated through regulated utility rates.
3. Economic Development Grant Programs: Company-funded grant programs supporting manufacturing sector growth, offering grants up to $200,000 for infrastructure, productivity, expansion, and workforce training initiatives.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels10 records

Core offering

Central Hudson Gas & Electric Corporation is a regulated utility that delivers electricity and natural gas to approximately 405,000 customers across an eight-county, 2,600-square-mile territory in New York's Mid-Hudson River Valley. The company generates revenue through state-approved usage-based rates for energy distribution and offers complementary economic development grant programs and energy efficiency incentives. Its delivery operations are supported by 69kV-345kV transmission infrastructure, mobile and online account management platforms, and dedicated economic development support for commercial and industrial customers.

Product overview

Central Hudson Gas & Electric Corporation is an energy delivery utility serving approximately 315,000 electric and 90,000 natural gas customers across eight counties in New York State's Mid-Hudson River Valley. The company offers a unified customer-facing digital platform comprising a mobile app (iOS/Android), online account management portal, and outage mapping system, through which customers access billing, payments, usage tracking, service requests, and safety information. Supporting this core offering, Central Hudson provides economic development grant programs for manufacturers (Infrastructure for Manufacturers, Manufacturing Productivity, Expansion and Retention, and Workforce Clean Energy programs) and energy assistance programs (including the Enhanced Energy Affordability Program and energy efficiency incentives for residential and business customers).

Differentiator

Problem solved

Functional benefit

Products and services

• Central Hudson Mobile App Mobile application for iOS and Android that enables customers to manage their accounts, view billing history, track energy usage, make payments, and report power outages.
• Online Account Management Portal Web-based portal providing customers access to account management, billing and payment processing, usage history tracking, eBills, automatic payments, and service initiation or termination requests.
• Outage Map Interactive real-time map displaying current power outages across the Central Hudson service territory, allowing customers to report outages and check restoration status.
• Infrastructure for Manufacturers Program Economic development grant program offering up to $200,000 to support infrastructure improvements at former manufacturing buildings and undeveloped sites within the Central Hudson service territory.
• Manufacturing Productivity Program Economic development grant program offering up to $15,000 to help manufacturers adopt sustainable, scalable processes to optimize their operational capacity within the service territory.
• Expansion and Retention for Manufacturers Program Economic development grant program offering up to $200,000 to support manufacturers making new capital investments within the Central Hudson service territory.
• Workforce Clean Energy Program Economic development grant program offering up to $200,000 to create workforce training opportunities for clean energy and low-carbon energy transition skills.
• Energy Affordability Program Bill discount program expanded under the Enhanced Energy Affordability Program (EEAP) pilot, increasing eligibility and discount levels for qualifying residential customers.
• Residential and Business Energy Incentives Rebates and incentives for residential and commercial customers adopting energy-efficient technologies including heat pumps, electric vehicles, and natural gas upgrades.
• Text Message Alerts SMS-based alert service providing customers with billing notifications, outage updates, and service-related communications.

Quantifiable outcome

• 99.9% reliability rate maintained through proactive infrastructure upgrades
• +2 more outcomes

Named customers4 records

Segments6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

13 partnerships are on record, tiered core, major and minor.

• Dutchess Community CollegecoreStrategic or Co-development Partner · 22 April 2026Central Hudson provided a $200,000 grant to Dutchess Community College to support expansion of workforce training in clean energy, building performance, and advanced manufacturing. The investment funds a new HVAC and Building Trades Laboratory within DCC's Center of Excellence for Business, Industry, and Innovation (COEBII) at the Fishkill campus. Many DCC graduates go on to work at Central Hudson and other regional employers, creating a workforce pipeline that benefits students, local industry, and the regional economy.
• iPark 84majorStrategic or Co-development PartneriPark 84 is a 300-acre mixed-use redevelopment with over two million square feet of existing space designed for large-scale technology and data-driven operations. Central Hudson is actively managing substation upgrades, construction coordination, and long-term transmission planning to support phased growth at this site.
• IBM PoughkeepsiemajorStrategic or Co-development PartnerCentral Hudson is working alongside IBM to plan upgrades, assess transmission needs, and guide initiatives through required studies and approvals as IBM plans significant growth in both energy usage and workforce at its Poughkeepsie facility, which includes manufacturing and quantum computing operations.
• Maybrook Industrial SitemajorStrategic or Co-development PartnerCentral Hudson is enabling the redevelopment of a former industrial site in Orange County by putting energy infrastructure in place early. Backed by $35 million in FAST NY funding, the rail-served site is a shovel-ready location for advanced manufacturing.
• Council of IndustrycoreStrategic or Co-development PartnerFor over 100 years, Central Hudson has proudly supported the Council of Industry, the leading association for manufacturers in the Hudson Valley. Together they champion the businesses that drive innovation, create jobs, and strengthen the regional economy through the Made in the Hudson Valley initiative.
• Hudson Valley Economic Development Corporation (HVEDC)coreStrategic or Co-development PartnerHVEDC is the leading economic development organization in New York's Hudson Valley region and the comprehensive resource for businesses locating to or expanding within Central Hudson's service areas of Putnam, Orange, Ulster, Dutchess, Sullivan, and Greene counties.
• Think DutchesscoreStrategic or Co-development PartnerThink Dutchess is a business-led, nationally recognized economic development corporation that brings together 10 agencies to offer a single point of contact for multitude of programs for entrepreneurs, businesses, and site selectors within the Hudson Valley.
• Orange County PartnershipcoreStrategic or Co-development PartnerThe Orange County Partnership is a resource for development opportunities in Orange County, helping guide businesses through the myriad of opportunities that await them in the county within Central Hudson's service territory.
• Greene County Economic Development CorporationcoreStrategic or Co-development PartnerGreene County EDC provides personalized concierge service connecting entrepreneurs, developers, site selectors, and corporate leadership with resources, municipalities, and investment incentives for job-creating businesses in Greene County's Catskill Mountain, Rural Valley, and Historic Hudson River towns.
• Ulster StrongminorStrategic or Co-development PartnerUlster Strong is an economic development organization serving Ulster County within Central Hudson's service territory, providing business support and economic development resources.
• Choice FilmsmajorStrategic or Co-development PartnerChoice Films is investing $21.6 million to expand its Hudson Valley studio facilities, boosting regional production capacity. Central Hudson provides infrastructure support to enable this major film and television production facility expansion.
• Cafe SpiceminorStrategic or Co-development PartnerCafe Spice expanded its food manufacturing operations in the Hudson Valley with support from a $200,000 economic development grant from Central Hudson, helping create a state-of-the-art production facility and support local jobs.
• Garonit Pharmaceutical, Inc.majorStrategic or Co-development PartnerGaronit Pharmaceutical is establishing a major pharmaceutical manufacturing facility that will become the world's largest producer of chlorhexidine. The $46 million investment (including $3.8 million in state funding) will create 100 high-skilled jobs and reinforce New York's leadership in life sciences and advanced manufacturing.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Avangrid: Iberdrola-owned US utility holding company controlling NYSEG and RG&E in New York, plus Connecticut utilities. Directly comparable as the parent of Central Hudson's closest state peers with identical NY regulatory exposure and dual-commodity model.
• Fortis Inc. Parent company of Central Hudson and a diversified international regulated utility holding company with operations across North America and the Caribbean. Relevant as the corporate parent that consolidates Central Hudson's results and provides capital allocation context.
• Eversource Energy: Large investor-owned New England utility holding company operating regulated electric, natural gas, and water distribution across Connecticut, Massachusetts, and New Hampshire. Comparable for regulated utility business model, gas transition exposure, and customer mix though different jurisdiction.

Direct peers

• Consolidated Edison: Investor-owned regulated electric and natural gas utility serving New York City and Westchester County. Closest comparable to Central Hudson given shared New York regulated utility franchise, dual electric/gas service, and similar regulatory framework.
• Unitil Corporation: Small-cap regulated electric and natural gas distribution utility serving customers in New Hampshire, Massachusetts, and Maine. Comparable as a mid-sized dual-commodity regulated utility with a similar economic development and customer grant program profile.
• National Grid (New York operations): UK-listed utility providing regulated electric and natural gas distribution across upstate New York including Niagara Mohawk territory. Operates under the same NY regulatory framework with similar dual-commodity utility model.
• Rochester Gas and Electric (RG&E): Avangrid-owned regulated electric and natural gas utility serving the Rochester, NY region. Sister utility to NYSEG with identical business model, regulatory jurisdiction, and customer mix, making it highly comparable to Central Hudson.
• Orange and Rockland Utilities: Subsidiary of Consolidated Edison providing regulated electric and natural gas service in Orange and Rockland counties in New York, partially overlapping with Central Hudson's service territory. Most geographically adjacent comparable utility.
• New York State Electric & Gas (NYSEG): Avangrid-owned regulated electric and natural gas utility serving much of upstate and central New York. Operates under the same NY state regulatory framework with a similar dual electric/gas distribution model and economic development programs.

Regional players

• PSEG Long Island: Public Service Enterprise Group subsidiary operating the Long Island Power Authority electric distribution system. Comparable as a regulated electric-only distribution utility in New York under the same state regulatory framework.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/centralhudson
• YouTubeyoutube.com/user/centralhudsonvideos
• Facebookfacebook.com/centralhudson
• LinkedInlinkedin.com/company/centralhudson
• Instagraminstagram.com/central_hudson

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Central Hudson Gas & Electric Corporation