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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| National Grid Plc New | NYSE:NGG | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.46 | -0.63% | 72.37 | 73.28 | 72.29 | 73.23 | 324,362 | 01:00:00 |
From May 2023 to May 2024
By Ben Glickman
National Grid has secured an investment from the U.S. Department of Energy for Twin States Clean Energy Link, its clean-energy transmission project in New England.
The utility company said that the financial backing comes from a $2.5 billion revolving fund created by the Bipartisan Infrastructure Law.
The Twin States project will allow for the delivery of clean energy from Canada to New England. National Grid says the project will also allow New England-produced clean energy to flow to Canada in times of low demand, and will lower costs for customers.
The investment is part of the DOE's Transmission Facilitation Program, under which the agency is negotiating capacity contracts with three transmission projects and commit to purchasing a portion of the total capacity.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
October 30, 2023 14:18 ET (18:18 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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