Looking for:
Did rhode island energy buy national grid – did rhode island energy buy national grid:
Click here to ENTER
Correction: An earlier version of this story incorrectly reported that Judge Brian Stern still had to approve the agreement. He does not. Massachusetts attorney general drops objection to sale did rhode island energy buy national grid – did rhode island energy buy national grid: National Grid’s RI business. The transaction with National Grid was announced last year. The purchase was expected to close soon afterward, but both Neronha and Maura Healey, his counterpart in Massachusetts, filed appeals.
Neronha argued that if the sale went through, ratepayer costs could go up and that services could suffer. Healey opposed the sale on grounds that National Grid customers in her state could face higher bills if they were rjode take on the full costs of services shared with Rhode How tall is 174 in height. The sale was put on hold after the Massachusetts Rhodw Judicial Court granted her request for a stay.
He reinstated the stay. The agreement includes more than financial guarantees to customers. PPL also agreed not hrid raise distribution rates for at least three years after the transaction closes neergy at least one year after PPL has taken charge of Narragansett Electric operations. Distribution rates are discretionary as compared to energy rates, which are pass-through costs determined by wholesale markets.
As to its plans to help the state meet its policy goals to reduce did rhode island energy buy national grid – did rhode island energy buy national grid: gas emissions, PPL still plans to submit a report within a year detailing how it will comply with the Act on Climate, a landmark state law enacted last year that targets net-zero emissions by The company has also agreed to maintain the current timeline and costs of connecting new renewable energy in Rhode Island to the power grid.
In addition, with the expectation that the state Public Utilities Commission will soon open a docket exploring the future of natural gas use and infrastructure, PPL agreed not to stand in its way. Neronha said the court case has been critical in fleshing out how the Act on Climate must be considered in energy decisions and other policy issues across state government. As for what the settlement means for Rhode Island ratepayers, he said the impact is significant. Legal settlement clears way for sale of National Grid’s business in RI.
Alex Kuffner The Providence Journal. Facebook Twitter Email.
Did rhode island energy buy national grid – did rhode island energy buy national grid: –
How he rules could determine the fate of the sale, or at least how quickly it proceeds. The parties to the deal secured approval from the Federal Energy Regulatory Commission without a hitch and cleared a necessary hurdle in Massachusetts after a settlement was reached with Attorney General Maura Healey last month. A resolution in Rhode Island is all that remains.
Rather, they want the court to remand the decision back to jsland division with instructions on issues that still need to be addressed. But it could mean that PPL is required to offer more information on its plans for Rhode Island and, possibly, additional commitments.
That could be especially important in regard to the Act on Climate, a landmark measure that became state law last year and requires Rhode Island to slash planet-warming greenhouse rnode emissions over the next three decades. The law requires all state agencies to consider climate dodand while its passage was heralded читать далее historic by its supporters, there is still some question about how it would be applied.
But certain rhoxe decisions, including the rejection of a fast-track approval for the buu of a propane terminal in Providencehave lent weight to the law. In the ruling on the propane terminal, fun things do in asheville nc state Did rhode island energy buy national grid – did rhode island energy buy national grid: Facility Siting Board said that a detailed accounting of emissions impacts would be needed for an expansion of the Sea 3 Providence propane terminal to be considered.
Would the sale delay current programs that would affect emissions in the state? Alex Kuffner The Providence Journal. Facebook Twitter /18239.txt.
PPL Corporation buying National Grid’s RI business: Settlement reached
It failed to ensure adequate storm response given that PPL has its main base of operations significantly farther away than National Grid does. Wherever and whenever necessary, this Office will continue to fight for Rhode Islanders. Because Rhode Islanders deserve no less. As is standard practice in transactions of this nature, as the seller, National Grid will continue to provide some transition services to the Rhode Island business to maintain operational continuity.
See: here , here , and here. Can you help Uprise RI? Did you enjoy this article? LOVED it! Donate to support our journalism here in Rhode Island. Liked it Share it with a friend and help us grow our audience. And the , customers in the state will start seeing changes in bill inserts and other correspondence next week.
The companies announced the sale more than a year ago. There were further delays after the Rhode Island Division of Public Utilities and Carriers gave the key approval to the deal in February.
Bonenberger, a longtime PPL employee in Pennsylvania who was tapped to lead the new Rhode Island business last year, moved to Warwick last month with his wife, Francine. He spent his first official day in the Providence offices on Wednesday. Bonenberger was set to meet with Gov. National Grid had more than , electric customers in Rhode Island, and gas customers. It has about 20 million New York and Massachusetts customers. Stay connected! Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community.
Get the news and information you need from the award-winning writers at WBJ. Worcester Business Journal presents a special commemorative edition celebrating the th anniversary of the city of Worcester. In order to use this feature, we need some information from you.
You can also login or register for a free account. By clicking submit you are agreeing to our cookie usage and Privacy Policy. Already have an account? This website uses cookies to ensure you get the best experience on our website. Our privacy policy. To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Processing Your Payment Please do not leave this page until complete.
The purchase was expected to close soon afterward, but both Neronha and Maura Healey, his counterpart in Massachusetts, filed appeals. Neronha argued that if the sale went through, ratepayer costs could go up and that services could suffer.
Healey opposed the sale on grounds that National Grid customers in her state could face higher bills if they were to take on the full costs of services shared with Rhode Island. The sale was put on hold after the Massachusetts Supreme Judicial Court granted her request for a stay.
He reinstated the stay.