National Grid Transco (NGG) has released an update.
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National Grid Transco’s Massachusetts Electric business has been granted a rate case order by the Massachusetts Department of Public Utilities, allowing for a $79.6 million revenue increase and new rates starting October 1, 2024. The order introduces new regulatory recovery mechanisms to fund capital investments, manage Operating and Maintenance costs, and improve storm cost recovery. This strategic move is anticipated to enable the company to earn closer to the allowed Return on Equity of 9.35%.
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