The proposed base distribution rate increase is in addition to changes to other rates, such as supply rates and reconciling mechanisms, that occur during the year.Īs part of its filing, National Grid proposes a Comprehensive Performance and Investment (“CPI”) Plan that includes two main features. Based on these proposals, the proposed overall increase to distribution revenues is $131,622,621, which represents an approximately 12.7 percent increase in distribution revenue. The Company also proposes to transfer costs recovered through certain reconciling mechanisms, along with associated income taxes, which results in an increase of $389,766 to distribution revenues, effective October 1, 2024. National Grid seeks to increase its electric base distribution rates to generate $131,232,856 in additional base distribution revenues. The Company was last granted an increase in base distribution rates in Massachusetts Electric Company and Nantucket Electric Company, D.P.U. 23-150 and has suspended the effective date of the proposed rate increase until October 1, 2024, to investigate the propriety of the Company’s request. The Department has docketed this matter as D.P.U. On November 16, 2023, Massachusetts Electric Company (“MECo”) and Nantucket Electric Company (“Nantucket Electric”), each doing business as National Grid (“National Grid” or “Company”), filed a petition with the Department of Public Utilities (“Department”) for an increase in electric base distribution rates. 164, § 94 and 220 CMR 5.00, for Approval of a General Increase in Base Distribution Rates for Electric Service, a Performance-Based Ratemaking Plan, and a Capital Recovery Mechanism. Petition of Massachusetts Electric Company and Nantucket Electric Company, each d/b/a National Grid, pursuant to G.L. Interpretation services (Spanish, Portuguese, Haitian-Creole, Mandarin, and Khmer) will be available over the Zoom platform by clicking the “Interpretation” button on the menu at the bottom of the Zoom application screen and selecting your language (i.e., English, Spanish, Portuguese, Haitian-Creole, Mandarin, or Khmer). For audio-only access to the public hearing, attendees can dial in at +1-30 (not toll free) and then enter the Webinar ID: 869 1804 8614. Attendees can join either session by entering the online meeting link from a computer, smartphone, or tablet. The first session will begin at 2:00 p.m., and the second session will begin at 7:00 p.m. The Department also will conduct two virtual public hearings using Zoom videoconferencing on March 21, 2024. (Spanish, Portuguese interpretation available)Ħ00 Stockbridge Road, Great Barrington, MA 01230 Worcester Technical High School, Auditoriumġ Officer Manny Familia Way, Worcester, MA 01605 (Spanish, Portuguese, Haitian-Creole interpretation available) South Lawrence East Elementary School Auditorium
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