2008 Rate Case Testimony on Profit Rate
The New York State Department of State Division of Consumer Protection submitted testimony on October 27, 2008, regarding the fair rate of return on equity for Niagara Mohawk Gas Coroporation, a subsidiary of National Grid. We recommended a return of 9.55%. We also demonstrated that the Company's request for an 11.0% return is overstated. Our proposal would save customers approximately $13.6 million over Niagara Mohawk's recommendation.
Comments Regarding Low-Income Gas Customer Energy Efficiency Program
In a letter dated August 4, 2005, the New York State Department of State Division of Consumer Protection explains that Niagara Mohawk’s proposal to use $5 million of ratepayer-contributed resources to fund expanded energy efficiency services for up to 1,655 low-income natural gas customers over a two-year period, should be adopted with modifications. We explain that the New York State Public Service Commission should modify the proposal to provide benefits to far more low-income customers than the estimated 830 that would benefit annually under the Company’s proposal. We also recommend additional changes to ensure that the program is cost effective.
Last Modified: May 02, 2011