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National Grid rate hike delayed

National Grid is postponing an $89.6 million delivery rate hike that was set to take effect on April 1 because of the coronavirus outbreak.

The state Public Service Commission on Wednesday issued an order that delays rate increases that would have taken effect for the utility's 1.6 million electricity customers in New York as part of the three-year rate plan previously approved by state regulators.

The delay in the rate increase will help consumers battered by the economic upheaval caused by the coronavirus outbreak, PSC officials said. National Grid also has agreed to waive fees associated with some of its collections activities, including disconnections and manual meter readings, which have been suspended because of the outbreak.

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