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Nassau County Legislature

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July 10, 2006

Denenberg protects county taxpayers by proposing oversight of Nat’l Grid acquisition

Nassau County Legislator Dave Denenberg (D-Merrick) and all members today passed a resolution by emergency that will authorize the Nassau County Attorney to intervene in any Public Service Commission proceedings related to National Grid's acquisition of KeySpan.  The purpose of Legislator Denenberg’s resolution is for the County Attorney to protect the interests of Nassau County and its residents at these hearings.

“Nassau County must take an active role in the PSC proceedings to ensure that the interests of Nassau County's electric ratepayers are adequately protected,” said Denenberg. Specifically any synergy savings must be passed to Nassau ratepayers; National Grid must invest in repowering outdated, inefficient and polluting power plants to clean, efficient models; local jobs must be secured with no outsourcing and layoffs; and our rates must be frozen.”

The Public Service Commission hearings on the acquisition may begin in mid-July. Nassau County’s resolution is a collaborative effort with Suffolk, Denenberg said. “Each municipality is entitled to appear as an intervening party in any PSC proceeding involving rates, service or other matters,” Denenberg said. “Having a seat at the table at the PSC hearings is important if our constituents are to have a true voice in the proceedings. “