National Grid has received approval for a new rate plan for its Massachusetts electricity distribution business, representing 10% of its US operations.
The plan includes a 10.35% return on equity, volume-revenue decoupling, an annual capital investment tracker, annual trackers for pensions and OPEB costs and improved bad debt recovery allowances.
Executive director Tom King said the one-year rate order provided a sustainable foundation for infrastructure investment, cost recovery, and reliable network operations.
Story provided by Business Financial Newswire
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