National Grid Files Rate-Settlement Proposal for New York Gas Distribution
May 17 2021 - 2:42AM
Dow Jones News
By Jaime Llinares Taboada
National Grid PLC said Monday that it has filed a joint proposal
for a three-year rate settlement for its New York gas distribution
businesses.
The British energy infrastructure company said the settlement
has been filed with the Department of Public Service Staff and
other settling parties, proposing new rates back-dated to April
2020. A final decision from the New York Public Service Commission
is expected later this summer.
"The settlement maintains focus on managing customer
affordability in response to the economic downturn caused by
Covid-19, while funding programmes necessary to maintain safe and
reliable service, modernise the gas networks, and promote economic
growth in the State," National Grid said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
May 17, 2021 02:27 ET (06:27 GMT)
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