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National Grid Urges Passage of Bill That Provides Incentives for Oil to Natural Gas Conversions, Energy Efficiency
National Grid Urges Passage of Bill That Provides Incentives for Oil to Natural Gas Conversions, Energy Efficiency

August 13,2009

National Grid today voiced strong support for The Cleaner, Secure, Affordable Thermal Energy Act (S. 1643), a bill introduced by Senators Bingaman (D-NM) and Olympia Snowe (R-ME) that would provide significant tax incentives to convert from heating oil to more environmentally friendly natural gas, along with measures designed to increase energy efficiency efforts nationwide.

Tom King, president of National Grid in the US, said, "The average home that converts from oil to natural gas heat will cut by as much as 99.9% its emissions of sulfur dioxide, a major contributor to acid rain, and emit up to 28% less carbon dioxide (CO2), which equates to planting 100 trees every year." King added, "North America has abundant supplies of this environmentally friendly energy source, so converting from oil to gas delivers double benefits by helping to reduce our carbon footprint while reducing reliance on foreign-sourced fuels."

King praised Senators Bingaman and Snowe for proposing this bill and urged its swift passage so that home and business owners could take advantage of the incentives in time for this winter's heating season. "Many people may be thinking about converting to natural gas, and the provisions in this bill could be the deciding factor for them, especially given the current economic situation," King concluded.

National Grid is an international energy delivery company. In the U.S., National Grid delivers electricity to approximately 3.3 million customers in Massachusetts, New Hampshire, New York and Rhode Island, and manages the electricity network on Long Island under an agreement with the Long Island Power Authority (LIPA). It is the largest distributor of natural gas in the northeastern U.S., serving approximately 3.4 million customers in Massachusetts, New Hampshire, New York and Rhode Island. National Grid also owns over 4,000 megawatts of contracted electricity generation that provides power to over one million LIPA customers.