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Moody's Investors Service has today assigned an A2 long-term issuer rating to the new holding company of the National Grid Group.
The New York Public Service Commission today approved a merger plan between Niagara Mohawk Holdings and National Grid Group that will result in Niagara Mohawk Power Corp.'s electricity customers saving about $1 billion over the next 10 years.
National Grid and the Alliance Companies have executed a definitive Participation Agreement that details the terms for National Grid to be Managing Member of the Alliance Transco.
Niagara Mohawk Power Corp.'s residential electricity rates may drop by 5 percent under a proposed merger and rate plan settlement announced by Niagara Mohawk and National Grid Group plc.
The Alliance Regional Transmission Organization Tuesday said it selected a unit of the UK's National Grid Group PLC to be operator of the proposed $12 billion independent Midwest electric transmission company, subject to regulatory approval. The preliminary agreement calls for National Grid to contribute $75 million to the Alliance RTO.
National Energy Marketers Association calls FERC orders regionalizing electric grid landmark decisions
FERC this week ordered that the US electricity grid be coordinated into four large Regional Transmission Organizations, prompting the National Energy Marketers Association to call the order a landmark decision.
The National Rural Electric Cooperative Association (NRECA) Chief Executive Officer Glenn English today called for the development of a fully interconnected national grid for the transmission of electricity.
National Grid today announced that its U.S. transmission business has achieved ISO 14001 registration of its Environmental Management System (EMS), the first linear electric utility system in the country to achieve such designation.