“They’re basically taking out a credit card,” Matthew Silverman, a senior attorney at Earthjustice, said.
“You don’t have to pay anything for the next year, and then when that teaser period ends, you get slammed with a bunch of charges.”
What Would The $1.7 Billion Pay For?
National Grid’s plan includes about $1.7 billion to expand and reinforce its gas system, including upgrades to aging equipment.
More than $60 million would go to the company’s liquefied natural gas facility in Greenpoint, Brooklyn, a large waterfront site in a neighborhood with a long history of industrial pollution.
Greenpoint contains several federal and state Superfund sites, including Newtown Creek, Meeker Avenue, the Greenpoint oil spill and Nuhart.