Statement By National Grid Ventures And Citizens Energy Regarding Massachusetts Clean Energy Request For Proposals Decision

Boston, Jan. 25, 2018 (GLOBE NEWSWIRE) -- "We are disappointed that our projects were not selected in the Massachusetts Clean Energy RFP but we firmly believe the Granite State Power Link and the Northeast Renewable Link provide the Commonwealth of Massachusetts a triple-win by delivering the greatest emissions reductions at the lowest cost with minimal environmental or community impact. We are proud of these carefully-designed solutions, which meet the targets of this historic procurement, while providing billions of dollars in economic benefits to the Commonwealth and host communities. Our partnerships with General Electric and Citizens Energy further our commitment to bring broad economic opportunity to Massachusetts. We continue to join with our fellow projects to encourage the Evaluation Committee to provide full transparency into the evaluation process and decision, to ensure public trust in this historic decision. Moving forward, we are committed to advancing projects in our renewable energy portfolio that achieve substantial triple-win benefits for customers and communities." -- John Flynn, President & COO, U.S. Strategic Growth, National Grid Ventures. "We will continue to help build important green energy infrastructure and use our profits to serve the energy needs of struggling senior citizens and low-income families," said Citizens Energy Chairman Joseph P. Kennedy II.

About National Grid Ventures National Grid Ventures is a separate unit within National Grid plc that operates a broad renewable energy portfolio across the US and UK—focused on accelerating a clean energy transition. NGV's partnership with GSPL is being conducted through GridAmerica Holdings Inc., a non-regulated indirect subsidiary of National Grid plc.

For more information, please visit nationalgrid.com/ventures.

About Citizens Energy Corporation Citizens Energy Corporation, a Boston-based non-profit founded in 1979 by former Congressman Joseph P. Kennedy II, has a long history of using revenues from successful commercial energy ventures to finance charitable programs to help the poor. Starting in the oil and natural gas industries, Citizens also launched innovative businesses in the health care, electricity trading, and energy conservation fields. More recently, the company expanded into the solar, wind and transmission industries - in every case using profits from its ventures to help the poor wherever it operates.
Christine MilliganPhone: 781-727-0373E-Mail: Christine.Milligan@nationalgrid.com

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