National Grid Requests Higher Revenue, 10.5% RoE for Massachusetts Gas Business
16 Noviembre 2020 - 1:57AM
Noticias Dow Jones
By Jaime Llinares Taboada
National Grid PLC said Monday that it has filed a request to the
Massachusetts Department of Public Utilities to increase its gas
distribution revenue by $138 million, and to allow it a return on
equity of 10.5%.
The FTSE 100 energy-networks company said the revenue increase
would cover higher operating costs and core investments. In
addition, the group is also requesting a new performance-based rate
mechanism that would link annual revenue increases to inflation,
and new investments of up to $50 million to decarbonize natural gas
networks--including hydrogen blending, shared geothermal loops,
renewable natural gas, and demand-side response measures--,which
would be claimed through existing regulatory mechanisms outside the
requested revenue increase.
The rate filing is expected to conclude in Sept. 2021, and the
new rates will be effective from Oct. 1, 2021.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
November 16, 2020 02:42 ET (07:42 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
National Grid (LSE:NG.)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
National Grid (LSE:NG.)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
