Fortis, a Canadian holding company, has petitioned the Public Service Commission for approval to purchase Central Hudson Gas & Electric Company. PULP intervened this week as a party in the Central Hudson/Fortis merger case at the NY Public Service Commission. The petition for approval of the transaction under Section 70 of the Public Service Law, and other documents filed in the case, are available here.
- The Public Service Commission received an initial briefing on the case at its June 14, 2012. See PSC June 14 session transcript beginning at page 54.
- Central Hudson shareholders voted to approve the transaction on June 19. See, Poughkeepsie Journal, CH Energy shareholders OK sale to Fortis; stockholders seek investor benefits, $20 million consumer package being examined, June 20, 2012.