PSC approves gas investment plan for Long Island
On December 11, the New York State Public Service Commission (Commission) approved a natural gas investment program to accelerate the replacement of aging pipelines and expand the use of natural gas to more Long Island customers.
For a number of years, National Grid has had a very proactive program to replace aging pipe on Long Island. With the decision, the program will expand from its current 50 mile requirement to 95 miles in 2016. The program will initially be funded through a modest monthly surcharge on customers’ bills to cover the company’s incremental costs to replace pipe in 2015 and 2016, and a deferral for costs related to our increased investment to expand Long Island’s distribution system.
“National Grid has a longstanding commitment to the Long Island communities and gas customers we serve,” says Ken Daly, New York President. “The decision by the PSC allows us to accelerate our existing pipe replacement program, and to continue to expand our gas distribution system with modest bill impacts to our customers.
“On behalf of our gas customers, we are pleased to make these critical investments, which will enable us to continue to provide safe, reliable and resilient service in the most environmentally friendly way, while supporting the job growth and economic vitality of Long Island.”
There has been a rate freeze on Long Island since 2008, and this program will have a modest bill impact of 1.2 percent ($1.37 for an average residential customer) and be in effect through December 31, 2016.