National Grid issued the following statement today on the new transmission rule from the Federal Energy Regulatory Commission (FERC):

"National Grid appreciates the Commission’s work to identify long-term solutions that will help to encourage the building of much-needed transmission across the country. We know that anticipatory planning and investment will be the most efficient and cost-effective approach to meeting the future energy needs of our customers. We look forward to reviewing the order in detail and working with our regional partners to implement the included provisions to the benefit of our New England and New York communities."

About National Grid

National Grid (NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York and Massachusetts. National Grid is focused on building a smarter, stronger, cleaner energy future — transforming our networks with more reliable and resilient energy solutions to meet state climate goals and reduce greenhouse gas emissions.