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National Grid may raise prices in Massachussetts

Staff Writer |
For the first time since 2010, Massachussetts has given National Grid the green light to raise its prices for 1.3 million electricity distribution customers.

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The new rate order allows National Grid to make a 9.9% return on equity on a capital structure made up 50.7% by equity.

It will also result in a $101 million boost to its revenues, versus the $130m lift the company had requested. National Grid estimated residential customers would see their bills increase by approximately 7% as a result.

The new distribution rates were set to come into effect on October 1, 2016.

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