National Grid is asking Massachusetts regulators for a rate hike just days after the state launched a probe into elevated prices. (Telegram)
The utility wants to raise rates by 8.4% for Boston Gas customers and 9.4% for the Colonial Gas territory, arguing the cash is needed to fund critical safety and reliability upgrades.
Worth noting: The Department of Public Utilities just opened a comprehensive investigation into delivery charges on Monday, explicitly aiming to curb bill volatility and determine if some fees should be capped or eliminated entirely.