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After tax law, National Grid to reduce rate increase request

National Grid will seek a smaller rate hike in Massachusetts than it originally requested, the utility company said Thursday, citing the benefit of the recent federal tax reform bill.
The company announced that it will reduce its proposed rate hike for Bay Staters by $36 million -- from a total increase of $87 million to $51 million --due to unexpected savings the company is now expecting to see as a result of the federal corporate tax rate droppin ...

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