Following the Joint Proposal announced in January for a three year rate plan settlement for the Niagara Mohawk (NIMO) electric and gas distribution utility, National Grid is pleased to confirm final approval from the New York Public Service Commission for new rates effective 1 April 2018. This plan has approved significant capex of $2.5bn and an allowed ROE of 9% for NIMO over the next three years.
https://www.investegate.co.uk/national- ... 00049140H/