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National Grid Generation LLC

Company Summary

Description

Generation is the production of electricity from fossil fuel and nuclear power stations, as well as renewable sources such as wind and solar. In the US, we own and operate 50 fossil fuel powered stations on Long Island and 4.6 MW of solar generation in Massachusetts. We do not own or operate any electricity generation in the UK. We sell the electricity generated by our plants on Long Island to LIPA under a long-term power supply agreement. The contract allows us to recover our efficient operating costs and provides a return on equity on our investment in the generation assets. For solar generation, we recover our costs and a reasonable return from customers in Massachusetts through a solar cost adjustment factor. This is added to the electricity rate, net of revenues earned from the solar assets.

Website

http://www2.nationalgrid.com/About-us/What-we-do/E...

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Recent news

  • 10/21/2019 - New York Regulators... (subscriber access)
  • 1/15/2019 - EDF Renewables Reports... (subscriber access)