National Grid's latest rate-increase request to the New York State Public Service Commission paints a picture of extensive cuts in office staff over the past year and a focus on financial accountability.
The utility is asking for $171 million more in revenue, to take effect in spring 2013.
In reporting the filing with the PSC, the Albany Times Union says National Grid cut as much as it could to reduce internal costs – including 1,400 office jobs in New York and New England – without affecting service and now needs to undertake infrastructure modernization.
The "streamlined structure," the newspaper wrote, "was used to regain control of the company's accounting practices, which had been exposed as being in disarray in rate cases here and in Massachusetts in 2010."
