National Grid files gas distribution rate rise request to Massachusetts
The gas and electricity distribution infrastructure company filed a request with the Massachusetts Department of Public Utilities to update distribution rates for its gas utilities.
National Grid distributes gas to over 900,000 customers in the north-eastern state.
The filing is the first rate review for these utilities since 2010, National Grid said.
National Grid's proposal seeks an annual revenue increase of $87 million in order to fund the replacement of ageing gas infrastructure and modernise the network in order to make it more reliable and capable to accommodate future customer growth.
The filing would support annual capital investment of $550 million. National Grid explained that $257 million of this would be recovered through the Gas System Enhancement Plan in the state.
The new rates, which are subject to regulatory approval, are expected to be effective from October 2018. ■