National Grid: Comments due on National Grid joint proposal

Case 24-E-0322 - Proceeding on Motion of the Commission as to the Rates, Charges, Rules and Regulations of Niagara Mohawk Power Corporation d/b/a National Grid for Electric Service.

Case 24-G-0323 - Proceeding on Motion of the Commission as to the Rates, Charges, Rules and Regulations of Niagara Mohawk Power Corporation d/b/a National Grid for Gas Service.

To submit comments, fill out one of the case comment forms:

Case 24-E-0322 (electric) comment form

Case 24-G-0323 (gas) comment form

Read the Notice

Comments are sought concerning a Joint Proposal filed in the above-captioned proceedings on April 25, 2025. The Joint Proposal would establish new electric and gas rate plans for Niagara Mohawk Power Corporation d/b/a National Grid (National Grid or the Company) for three years beginning April 1, 2025, with Rate Year 1 (RY1), Rate Year 2 (RY2), and Rate Year 3 (RY3) defined as the 12 months ending March 31, 2026, March 31, 2027, and March 31, 2028, respectively. 

The signatories to the Joint Proposal are National Grid, trial staff of the Department of Public Service, Multiple Intervenors, Walmart, the New York Solar Energy Industries Association, the Alliance for a Green Economy, the New York Power Authority (NYPA), Independent Power Producers of New York, Inc. (IPP), the United States Department of Defense and all other Federal Agencies, Turning Stone Enterprises, LLC, Fedrigoni Special Papers North America (Fedrigoni), Empire National Gas Corporation (Empire), New Yorkers for Clean Power, New York Geothermal Energy Organization, and the International Brotherhood of Electrical Workers Local Union 97 (IBEW). 

The Joint Proposal would provide for increases in revenues for the Company’s electric and gas delivery services. As levelized to moderate impacts on customers, the RY1 increase for electric would be approximately $167.3 million (6.4% delivery and 3.4% total revenue), the RY2 increase would be approximately $297.4 million (10.9% delivery and 5.6% total revenue), and the RY3 increase would be approximately $243.4 million (8.2% delivery and 4.6% total revenue). For gas, the levelized increases would be approximately $57.4 million (10.8% delivery and 5.5% total revenue) in RY1, $64.5 million (10.8% delivery and 5.5% total revenue) in RY2, and $71.7 million (10.8% delivery and 6.0% total revenue) in RY3. The actual bill impacts of the proposed changes would vary based on revenue allocation and rate design. 

The proposed revenue requirements reflect a common equity ratio of 48% for the Company, and a return on equity of 9.50%. The Joint Proposal includes an earnings sharing mechanism by which customers would share annual earnings that exceed 10.00%. Among other things, the Joint Proposal provides for incremental discounts for the Company’s Energy Affordability Program, additional cold weather-related protections for customers, a shareholder-funded weatherization health and safety program, continued funding for energy efficiency and economic development programs, and modifications to the Company’s distributed energy resource programs and the terms of service applicable to daily balanced customers and the marketers serving such customers.

Read Joint Proposal