National Grid files three-year rate plan in New York
1. NGG filed a three-year rate plan proposal with New York Public Service Commission. 2. The plan could influence NGG's revenue from electric and natural gas distribution.
FAQ
Why Bullish?
Rate plans generally aim to improve revenue stability and forecasting. Historical instances show rate proposals can lead to share price boosts when investors perceive enhanced profitability.
How important is it?
Rate plan proposals are critical to NGG's operational cash flow and growth prospects in the U.S. market.
Why Long Term?
Rate plan approvals usually require time and regulatory reviews, impacting NGG's financial outlook over multiple years.