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December 17, 2007

National Grid Sets Lofty Responsibility Goals

Westborough electricity and natural gas utility National Grid will reduce greenhouse gas emissions 60 percent by 2050, as part of a larger environmental, economic and social corporate pledge announced today.

The company's first U.S. corporate social responsibility report is based on three themes of climate change, safety and reliability, and lays out the company's commitment to the communities it serves.

In addition to reducing its greenhouse gas emissions, the company will also move to 100 percent in-house renewable energy use and will invest more than $3 billion in its New York electricity systems over the next 5 years.

National Grid serves 3.3 million electricity customers in Massachusetts, New Hampshire, Rhode Island and New York.

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