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| Project Schedule and Costs |
The schedule for the Rhode Island Reliability Project is as follows:
- Planning and engineering - through 2009
- Permitting - 2008-2010
- Construction - 2010-2012
- Facilities in service - late 2012
Community outreach is ongoing and we expect to file state siting applications in 2008 and have the projects in operation by 2012.
Project Costs
The cost of the Rhode Island Reliability Project is estimated to be approximately $250 million. This estimate may be adjusted as we finalize the design.
Regulatory agencies ensure that electric utilities act in the public interest to keep rates as low as possible for all customers. All transmission projects are carefully scrutinized by regulatory agencies to make sure that utility companies make prudent investments to maintain reliability with as little environmental impact as possible and at the lowest reasonable cost.
New England States have agreed to share the costs of projects that provide regional benefit and National Grid will seek regional cost-sharing for the Rhode Island Reliability Project. Cost recovery would begin at the 2012 in-service date and be recovered over 40 years. There may be instances where project costs over and above feasible least-cost solutions are paid for on a state or local level.
Transmission is currently 6-7 percent of customer bills and minimal bill impact is expected.
