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Stock impact report

New Yorkers are paying for a generational grid makeover, what will it deliver [Yahoo! Finance]

National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG) 
US:NYSE Investor Relations: investors.nationalgrid.com
Company Research Source: Yahoo! Finance
Renewable energy, manufacturing plants and AI data centers are popping up outside urban areas, often in regions with poor electrical infrastructure. ? New York utilities are spending more than $4 billion to modernize the grid for those facilities. They are investments for which New Yorkers - many of whom are already struggling with utility costs - will have to pay for in the coming years. ? "Transmission is the enabler," said Bart Franey, vice president of clean energy development for National Grid. ? A renewable energy or a manufacturing facility can't just pop up and connect to the electric system. Transmission lines act as a freeway connecting the state's urban cores. Then there's the distribution system - the highway offramps - which send power from transmission lines to homes and businesses. Because those transmission lines can only carry so much electricity, parts of the state become blocked off from investment. "As demand for electricity grows, identifying site Show less Read more
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