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National Grid's rate request dramatically lowered

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Posted at 3:56 PM, Mar 15, 2018
and last updated 2018-03-15 17:09:28-04

The New York State Public Service Commission is dramatically lowering a rate request made by National Grid.

The company's initial $407M request has now been cut by $351M or 86%, according to the PSC.

On Thursday, the OSC adopted a joint proposal with staff, National Grid and more than a dozen interested parties, representing customers, workers and environmental interests.

Under this new rate plan, according to the PSC,  a typical customer will see a total monthly bill increase of $2.22 or 2.9% in the first year, starting in April of 2018.  In April of 2019, customers will see a $3.03 monthly increase or 3.8% jump.  In April 2020 the increase will be $3.25 or a 3.9% increase.