National Grid issues statement regarding FERC’s Grid Expansion Rule, Order 1920
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) delivers electricity and natural gas to more than 20 million people across New York and Massachusetts. We’re committed to meeting our customers’ energy needs and supporting economic growth across the regions we serve—providing safe, reliable energy today and building the resilient networks of the future. National Grid Ventures, our commercial business, develops and operates infrastructure that delivers affordable and reliable energy to consumers. National Grid Partners, our corporate investment and innovation arm, invests in and collaborates with technology companies that are transforming the energy sector and accelerating industry-wide innovation.
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