National Grid has submitted its Electric Sector Modernization, or Future Grid, Plan to the Massachusetts Department of Public Utilities (DPU) outlining investments needed in the local electric distribution system over the next decade to meet the state’s climate change, clean energy and equity goals.
The company submitted an initial draft of this Future Grid Plan to the Grid Modernization Advisory Council (GMAC) in September. The plan more recently submitted incorporates recommendations from the GMAC along with customer and stakeholder feedback from from across the Commonwealth.
“We are committed to being at the heart of the clean, fair, and affordable energy transition and meeting Massachusetts’ climate and clean energy goals,” says Nicola Medalova, chief operating officer for National Grid’s New England electric business.
“At its core, a transformation of the energy ecosystem is required to achieve these goals and the electric distribution network is foundational to enabling this transformation. It will require new and expanded infrastructure in all communities to meet growing demand, collaboration and engagement among all of society, and an electric network that is fundamentally smarter, stronger, and cleaner than today.”
Over the next five years, the company proposes to invest approximately $2.5 billion in key areas, which are projected to have an average annual impact of 0.6% over the five-year investment period, says the company.
The DPU will review the plan through a formal regulatory process that includes opportunity for public comment and intervention. This process is anticipated to take seven months.
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National Grid Submits Final ‘Future Grid’ Plan To Massachusetts DPU
I’m not a financial pro, but here’s some advice:
Don’t live on a budget. Make a lot of money and live far beneath your means. What value does luxury actually bring to your life, especially if it makes you nervous about running out of cash?
As I told my kids when they were growing up, “Unless you’re completely shallow, showing off your money is an idiotic thing to do. You make false friends and have people glomming onto you to sell you stuff you really don’t need.”
Warren Buffett still lives in a modest house in Nebraska, a state in which he could buy an entire country. Maybe there is something about him and his values that could benefit you.
I see.
There’s not enough land in Spain to support rooftop and ground-mounted solar at a fraction of the cost.
LOL.
It’s possible that right now, there are other civilizations observing the human race, studying us from afar, and noticing our decline into savagery and eventual extinction by turning billionaires into trillionaires.
People say that the principal weakness of human beings is that we can’t plan for the future as a species. Dogs are arguably even worse, though they aren’t consumed with greed. They don’t plot the starvation of millions of other dogs so they themselves can have enough food to last a billion years.
As an elderly man, I’ll be leaving this planet soon, but I won’t cease pondering this until my heart stops beating.
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