National Grid’s prices for delivering electricity and natural gas to upstate New York customers will be extended at today’s levels into 2018, following regulatory approval of a plan that also will allow the company to continue investment in its networks.
Current energy delivery prices will be maintained through March 2018, extending a period of delivery rate stability for consumers that began more than a decade ago, company officials said.
The company also will be increasing its capital investment in its electricity and natural gas networks over the next two years to approximately $1.3 billion, bringing total investment since 2013 to more than $3 billion. These investments are improving the safety and reliability of the networks, encouraging growth and enhancing storm resiliency, said Daly, National Grid president-New York.