There I said it. They should be broken up post haste.
For example they want another double digit increase in the price of electricity in Rhode Island. They say it’s restricted gas supply from the two pipelines that supply us. I call bullshit as the Port of Providence gets regular deliveries of Compressed Natural Gas.
So try again National Grid. I’m lobbying my elected representatives to take another look at re-regulating you guys at National Grid. And I’m encouraging friends to do the same. I want SERIOUS regulation of the incumbent power provider.
But I think the real reason for your rate increases is due to the adoption of clean energy projects all over the state. For example – I see a number of wind turbines up as I drive along I-95 between Providence and Warwick, RI. Each of those turbines produces approximately 1 megawatt. There are about a dozen of those babies now dotting the highway, the biggest installation is the three turbines at Fields Point sewage processing plant.
Plus I see a lot more solar going up on houses. This all chips away at National Grid’s revenue stream. So much so that the leading investment houses see a very dim future for incumbent power providers like National Grid. I guess National Grid is in a tough spot – declining revenue and declining investment spell fire sale sooner than later.
And I have to say it, the “Here with you, here for you!” campaign is only so much bovine effluent.
So in the end I want to see National Grid fully regulated. It may be the only way they can stave off their own demise.