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October 26, 2005
National Grid executive: rising energy costs out of our control
National Grid is just the messenger, writes the head of the electric company's Rhode Island operation in an opinion piece in today's Providence Journal.
The article, by Michael F. Ryan, was apparently written to deflect criticism of the utility company after it was granted an unprecedented rate increase of 12.4 percent to cover the rising cost of energy. Ryan likens his company to a package delivery service:
Just as a delivery service such as UPS or FedEx cannot change the cost of the product it delivers in its vehicles, neither can National Grid change the cost of the product we deliver over the wires.
Ryan said that what often gets lost in the news about rate hikes is that National Grid's distribution charges have stayed level or gone down over the past several years. (We wrote about that in March.)
Posted by Tim Barmann at October 26, 2005 10:22 AM
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