![]() “The filing will fund programmes necessary to continue a safe and reliable service, modernise the electric and gas networks, expand electric vehicle charging, and promote economic growth,” the company said. National Grid said it had made a one-year filing but had submitted revenue data for two additional years to help facilitate a multi-year settlement. ![]() Niagara Mohawk, which serves 1.6mln electric customers and 0.6mln gas customers across its service territory and represents almost 30% of the FTSE 100 company's US rate base, would start charging the new rates as of July 2021. READ: National Grid keeps dividend lights on despite coronavirus hit The energy distribution group has requested that the New York Public Service Commission update electric and gas distribution rates for Niagara Mohawk that would increase the business’s revenue by US$100mln in total for electric and US$42mln for gas. National Grid PLC ( LON:NG.) has submitted a request to increase rates it charges at its upstate New York distribution business, Niagra Mohawk, for next year. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. ![]() Proactive will on occasion use automation and software tools, including generative AI. The team also has access to and use technologies to assist and enhance workflows. Our human content creators are equipped with many decades of valuable expertise and experience. Proactive has always been a forward looking and enthusiastic technology adopter. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. This is content that excites and engages motivated private investors. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. All our content is produced independently by our experienced and qualified teams of news journalists. Additional details may be found on your utility’s website.Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. Your program details may differ based on your utility.
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