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National Grid gets OK for Massachusetts rate plan



01 December 2009 @ 12:20 pm BST

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

© 2009 BFNNews.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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