National Grid to propose new rate plan today

ALBANY -- National Grid is expected to announce plans to file for new electric rates with the state Public Service Commission today.

National Grid, which is based in London and has operations in New York state and New England, is approaching the end of a 10-year rate plan that was approved by the PSC as part of its acquisition of Syracuse-based Niagara Mohawk in 2001.

Rate cases before the PSC typically last 11 months. National Grid's current rate structure expires at the end of 2011.

Details of the proposed rate structure won't be revealed until later today.


Blogger Template by Blogcrowds

Copyright 2006| Blogger Templates by GeckoandFly modified and converted to Blogger Beta by Blogcrowds.
No part of the content or the blog may be reproduced without prior written permission.