Cuomo, National Grid Reach Agreement December 02 2019, 0 Comments
On November 25 Newsday reported:
National Grid agreed to lift a crippling moratorium on new gas hookups and pay a $36 million fine after negotiations with Gov. Andrew M. Cuomo through the weekend in a move that rescinds, for now, the governor's threat to revoke the company's state operating certificate, while also addressing short- and long-term supply constraints.Thanks to NY-GEO member Billii Roberti for this tip.
…Of the $36 million, the bulk — about $20 million — will go to climate initiatives such as renewables and to fund startups in the green energy field, an administration official said, while about $8 million will go to getting customers to reduce their gas use, and about $7 million to mitigate customer impacts. The $36 million will be paid by National Grid shareholders, not ratepayers…