National Grid Rate Hike Public Comment Hearings Begin
National Grid seeks public input as it seeks to raise rates on electricity and gas throughout the seat. The first of three hearings is on Wednesday in Narragansett.
National Grid is seeking to raise RI rates on electricity and gas, and a series of public comment sessions begins tonight in Narragansett. For National Grid Electric, the proposed rates will increase the company’s annual operating revenue by approximately $31.4 million, or 3.8 percent. The bill impact for a typical electric residential customer using 500 kWh per month would be a monthly increase of $3.97 or 5.1 percent, from $78.05 to 82.02. The bill impact on electric commercial and industrial customers will range from an increase of -0.1 percent to an increase of approximately 6.7 percent. A small part of the electricity rate hike, said Thomas F. Kogut, spokesman for the RI Division of Public Utilities and Carriers, will help National…
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kit finnegan
9:40 pm on Tuesday, October 16, 2012
Let me see, you want me to pay you more for being without electricity for a week because of a tropical storm? Hmmm....that makes sense. more ›