WALTHAM, Mass., Dec. 22, 2011 /PRNewswire/ -- National Grid today applauded the U.S. Environmental Protection Agency (EPA) for its release of the Mercury and Air Toxics Standards (MATS). The final rule fulfills EPA's obligation established in the 1990 Clean Air Act Amendments to regulate toxic air emissions from the electric sector.
"Today, EPA has finalized a reasonable rule that reflects its constructive engagement with stakeholders," said Tom King, president, National Grid USA. "As a result, this rule will provide additional business clarity that is critical for our industry and long-term investments in the sector."
EPA's final rule contains several elements and important changes from the original proposal that will allow for greater compliance flexibility and mitigate the costs of the rule, including work practice standards for startup and shutdown, reduced monitoring requirements, the ability to average among units at a facility, and reasonable surrogates.
"While we are still evaluating the rule, based on the final standards and the extensions available in the Act and highlighted by EPA yesterday, we believe the industry should be able to comply with the final emission standards while maintaining the reliability of the electric system," said King.ABOUT NATIONAL GRID National Grid (LSE: NG; NYSE: NGG) is an electricity and gas company that connects consumers to energy sources through its networks. The company is at the heart of one of the greatest challenges facing our society - to create new, sustainable energy solutions for the future and developing an energy system that underpins economic prosperity in the 21st century. National Grid holds a vital position at the center of the energy system and it 'joins everything up.' In the northeast US, we connect more than seven million gas and electric customers to vital energy sources, essential for our modern lifestyles. In Great Britain, we run the gas and electricity systems that our society is built on, delivering gas and electricity across the country. National Grid delivers electricity to approximately 3.3 million customers in Massachusetts, New Hampshire, New York and Rhode Island. It manages the electricity network on Long Island under an agreement with the Long Island Power Authority (LIPA), and owns over 4,000 megawatts of contracted electricity generation, providing power to over one million LIPA customers. It is the largest distributor of natural gas in northeastern U.S., serving approximately 3.4 million customers in New York, Massachusetts, New Hampshire and Rhode Island. For more information please visit our website: www.nationalgridus.com. Follow us on Twitter, Watch us on You Tube, Friend us on Facebook, Find our photos on Flickr.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV