National Grid Seeks To Merge Two Utilities Offering Natural Gas Choice
June 3, 2019 Email This Story Copyright 2010-19 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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National Grid has filed a petition with the Massachusetts DPU requesting authorization to complete a legal merger of the corporate entities now known as Boston Gas and Colonial Gas.
Boston Gas and Colonial Gas, both owned by National Grid, currently have unique Gas Adjustment Factors, Local Distribution Adjustment Factors, and base rates.
National Grid is not seeking any rate consolidation in the merger proceeding.
"[A]pproval of the legal
merger, and completion of the transaction thereafter, will have no independent effect on
any rates charged to customers. Any rate changes would require subsequent review and
approval by the Department, and the Company is not seeking any Department approval of
consolidated rates in this proceeding," National Grid said
National Grid noted that, "the components of the Gas Adjustment Factors
or Local Distribution Adjustment Factors that are currently company-specific but that
could change later as a result of the merger would have to be separately reviewed and
approved by the Department prior to any change."