Edition:
United Kingdom

National Grid Announces Rate Filing For Downstate New York Gas Businesses


Tuesday, 30 Apr 2019 

April 30 (Reuters) - National Grid PLC ::RATE FILING FOR DOWNSTATE NEW YORK GAS BUSINESSES.REQUESTED NEW YORK PUBLIC SERVICE COMMISSION TO UPDATE GAS DISTRIBUTION RATES FOR 2 DOWNSTATE NEW YORK GAS DISTRIBUTION BUSINESSES.WILL MAINTAIN A FOCUS ON CUSTOMER AFFORDABILITY THROUGH MAXIMISING EFFICIENCIES OVER MULTI-YEAR RATE PLAN.FOR RATE YEAR 2020/21, IT INCLUDES CAPITAL INVESTMENTS OF $962 MILLION FOR KEDNY AND $586 MILLION FOR KEDLI.FILING REQUESTS A RETURN ON EQUITY OF 9.65%.NEW RATES ARE EXPECTED TO BECOME EFFECTIVE APRIL 2020.