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National Grid rate hike on hold

PSC gives $32M credit to offset cold weather

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The state Public Service Commission is authorizing a $32 million temporary credit for National Grid that will prevent an electric rate increase next month due to the exceptionally cold winter the nation is experiencing. A surge in prices had been expected in February because of unprecedented winter demand for electricity, PSC officials said — and because the cold weather has increased problems for plants that generate electricity. Earlier this month, New York set a winter ...


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