national Grid to cut 1,200 us jobs, blames ny PsC’s failure to OK rate hike sought

摘要

National Grid’s top US executive said last week that New nYork’s recent failure to approve a $365 million revenue request nis a main reason the utility is cutting 1,200 positions.nThe positions represent 7% of the utility’s US workforce of n18,000. Most of the cuts will come from management, with nabout a 20% reduction of its 6,000 managers.