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Stock impact report

Massachusetts to cut gas and electric bills in February and March, Gov. Healey says [CBS News]

National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG) 
US:NYSE Investor Relations: investors.nationalgrid.com
Company Research Source: CBS News
In a preview of her State of the Commonwealth Address Thursday night, Healey said she will immediately reduce electricity bills by 25 percent across the state and gas bills by 10 percent. Massachusetts gas and electric bill reductions The discounts will come in February and March. The governor said the rate reductions will cost the state $180 million, and her administration will cover that by using "existing funding sources." The move comes two days after Healey announced she was running for re-election. Last month, National Grid proposed a nearly 10 percent rate hike for its gas customers in Massachusetts, starting in 2027. Healey opposes that increase. National Grid bill deferrals, not rate cuts A National Grid spokesperson told WBZ-TV Thursday they are working with the governor and "implementing a targeted winter relief effort that will lower energy bills for February and March." National Grid gas customers can expect to save about $27 in each of those two months. Show less Read more
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