National Grid: Massachusetts Issues Rate Case Order
02 Ottobre 2019 - 9:37AM
Dow Jones News
By Adriano Marchese
National Grid PLC (NG.LN) said Wednesday that the Massachusetts
department of public utilities issued a rate case order that
approves a five-year rate plan, effective Oct. 1.
The British utilities company said that, following the rate
filing in November 2018, the rate case order includes an allowed
return on equity of 9.6% on an equity ratio of 53.5% and a revenue
increase of $38 million.
The order also includes a new performance-based rate mechanism
that will fund both capital and operational expenditure across the
duration of the plan, the company said, adding that this should
ensure inflation is factored into the base cost.
Additionally, National Grid said the department is supportive of
its energy storage and electric-vehicle charging infrastructure
proposals, and that the DPU has recommended the company resubmit
the requests as a part of a future filing.
Write to Adriano Marchese at adriano.marchese@dowjones.com
(END) Dow Jones Newswires
October 02, 2019 03:22 ET (07:22 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Grafico Azioni National Grid (LSE:NG.)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni National Grid (LSE:NG.)
Storico
Da Apr 2023 a Apr 2024
