As part of our continuing commitment to customers and communities, we will keep you informed of our April 2017 rate case proposal for upstate New York here.
After more than a decade of stable energy bills and $6 billion in infrastructure investments, National Grid on April 28, 2017 filed a proposal to reset electricity and natural gas delivery prices for our upstate New York customers beginning in April 2018. On July 10, we reduced our request for new delivery prices by nearly $76 million. The changes were largely the result of updated forecasts for costs and interest rates included in the company’s April filing. Our July update is a standard part of the regulated rate case process. The new delivery prices will allow us to modernize our electricity and gas networks, improve customer service – including programs that help our most vulnerable customers – promote economic growth, and integrate new technologies that support the demands of a modern energy system. Under New York public service law, rate cases require regulatory approval and must undergo an 11-month review process that includes a number of opportunities for public input.
Our current delivery price freeze for upstate electricity and natural gas customers will remain in effect through March 31, 2018. Adjusted for inflation, natural gas delivery prices have held steady for more than a decade and electricity delivery prices are lower than they were in 2004.
National Grid’s electricity business serves 1.6 million customers in more than 450 cities and towns across 24,000 square miles in upstate New York. Our gas distribution business serves more than 600,000 customers across portions of central, northern and eastern New York.
Visit the links on right to find out more information about why National Grid is investing heavily in our electricity and gas networks in upstate New York to modernize and improve the safety and reliability of our system.