National Grid president Tom King commended President Barack Obama for his announcement today on common-sense energy initiatives, including his call for EPA to proceed in reducing greenhouse gas emissions from new and existing power plants. King and U.S. Senator Mark Warner co-chair the Alliance Commission on National Energy Efficiency Policy. In February, the Commission released its Energy 2030 report, which found that the United States can double its energy productivity, create over a million jobs, and achieve a one-third reduction in carbon dioxide emissions by 2030 by investing in and modernizing the nation’s energy infrastructure and educating citizens and business leaders to use energy more wisely. According to King, the President’s announcement today is an important milestone on that journey. “National Grid has long supported federal legislation as a comprehensive means to reduce greenhouse gas emissions. However, in the absence of federal legislation, we support EPA moving forward with greenhouse gas regulations under the Clean Air Act,” King commented. “National Grid looks forward to working constructively with the Administration, EPA, members of the energy industry, and other stakeholders to ensure the regulations reduce greenhouse gas emissions from the energy sector and advance America’s efficient and clean energy future.” About National Grid National Grid (LSE: NG; NYSE:NGG) is a leading 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. In the northeast US, we connect more than seven million natural gas and electric customers to vital energy sources, essential for our modern lifestyles. National Grid delivers electricity to more than 3 million customers in Massachusetts, New York and Rhode Island and is the largest distributor of natural gas in northeast U.S., serving more than 3 million customers in New England and New York. 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.
More from Press Releases
NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling
The Supreme Court rules that previous congressional action forbidding states from legalizing sports betting was unconstitutional.
Walmart CEO: 'We Are Transforming Globally' With Flipkart
On its investor call on Wednesday morning, Walmart discusses the Flipkart deal.
March 24 Full-Day Course Offering: Professional Approach to Trading SPX
OptionsProfits, the CBOE, and Option Pit are hosting a class on March 24 that covers a wide variety of methods to trade the S&P 500.