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Hearing on National Grid rate hike proposal set for Aug. 1

A hearing on a proposed rate hike by National Grid that would increase residential delivery charges by 17.5 percent will be held on Aug. 1 at the Central Library.

The hearing, conducted by the state Public Service Commission, will be split into two sessions. An afternoon session, with an information session at 2 p.m. and then public comments at 3 p.m., will be followed by an evening session, with a 6 p.m. informational presentation and public comments at 7 p.m. Both sessions will be held in the gallery conference room of the downtown library, One Lafayette Square.

National Grid earlier this month reduced the size of the rate increase it is seeking to reflect lower pension and benefit costs, as well as updated interest rate assumptions. The proposed rate increase would add $8.93, or 11 percent, to an average customer's total bill, which includes both the cost of electricity and the utility delivery charges covered by that proposed rate increase.
Delivery charges account for more than half of a typical customer's monthly bill. The actual cost of electricity used by consumers is not marked up by National Grid.
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