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National Grid requested an 11.2 percent rate hike in its electricity transmission rate last week, saying that it needed to pay for continuing infrastructure improvements that will increase "the reliability and safety of the system."
While there is no question that electricity use continues to grow, the issue comes down to whether National Grid is justified in charging more for system investments that some believe it should have been paying for out of its existing rate structure.
Is it a reasonable assumption to make that National Grid should already have the income it needs in order to make the investments that are necessary to keep the electricity grid up to date?