National Grid may raise prices in Massachussetts
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. ■