ALBANY – The state Public Service Commission approved a rate increase for Central Hudson on Thursday.Beginning July 1, average monthly electric bills for Central Hudson’s residential customers will rise by $9.81 over three years and gas bills by $15.35 over three years under a compromise to a request in which the company initially sought higher increases.Customers would see their monthly electric bills rise by $1.46 the first year, $3.31 the second and $5.04 [...]