NiMO - New York Regulatory commission approves deferral account recovery of $240m

National Grid plc (“National Grid”) is today announcing that the New York Public Service Commission

(NYPSC) has approved National Grid’s request to recover certain deferred costs, and some of the

recent storm costs. The numbers presented are based on the verbal decision from the NYPSC and

subject to verification pending the issuance of a written order.

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Article date: 16 December 2011