Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

National Grid’s Massachusetts utilities submit clean energy investment plan

2023 11 17T195339Z 3 LYNXMPEJAG0F4 RTROPTP 4 NATIONAL GRID RESULTS - Global Banking | Finance

National Grid’s Massachusetts utilities submit clean energy investment plan

(Reuters) – Britain’s National Grid said on Friday its two utility firms in Massachusetts have submitted a clean energy investment plan to authorities in the U.S. state as part of the group’s required rate case filing.

Utility companies in the United States use rate case proceedings with the respective regulators to address a revenue shortfall and ask for an increase in rates on the basis of the total cost of providing service.

If approved, the plan filed by Massachusetts Electric Co and Nantucket Electric Co would see a $4.86 increase in monthly bill for a residential customer with the usage of 600 kilowatt hours per month over the five-year investment period, National Grid said in a statement.

The company, which runs Britain’s energy systems and operates electricity and gas businesses in New York and Massachusetts, has been trying to transition to more renewable power generation and speed up its clean energy projects as global economies target net-zero emissions.

The company said the plan sets the foundation for investments that are part of its Future Grid project, which aims to transform the electric grid in Massachusetts to provide cleaner energy.

The company expects the rate changes to take effect on Oct. 1, 2024, with new bills being issued from Nov. 1.


(Reporting by Aby Jose Koilparambil and Tanay Dhumal in Bengaluru; editing by Eileen Soreng)

Global Banking & Finance Review


Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post