$1.7B Gas System Upgrade Plan Sparks Concerns Over Higher Bills

National Grid is asking New York regulators to approve a plan that would keep its current gas rates in place through March 2028 while allowing the utility to spend about $1.7 billion on its gas system.

The proposal, called 'rate stabilization,' would defer much of the cost of those investments and begin recovering it from customers in 2028.

Without this plan, customers would stop paying about $250 million in charges from an earlier rate case when those charges expire in 2027.

National Grid's plan includes more than $60 million for its liquefied natural gas facility in Greenpoint, Brooklyn, a large waterfront site in a neighborhood with a long history of industrial pollution.