National Grid Joins AGA in Praising New Report Highlighting the Role of Natural Gas in Mitigating Climate Change

  National Grid Joins AGA in Praising New Report Highlighting the Role of
  Natural Gas in Mitigating Climate Change

Business Wire

WALTHAM, Mass. -- June 5, 2013

National Grid US President Tom King today joined the American Gas Association
in praising a new report issued jointly by the Center for Climate Change and
Energy Solutions and The University of Texas. The report, Leveraging Natural
Gas to Reduce Greenhouse Gas Emissions, found that the expanded use of natural
gas offers significant opportunities to help address climate change.

“We concur with the findings of this report, chief among them that as the US
economy continues to rebound, natural gas can help our efforts to reduce
greenhouse gas emissions in the near- to mid-term,” King said. “With gas
prices expected to remain low for the foreseeable future and with an abundance
of domestic supply, natural gas provides a cost-effective, low-carbonfuel
source to aid overall economic growth and curb demand for imported oil.”

King lauded the report’s authors for calling for the continued development of
zero-emission energy sources such as wind, nuclear and solar, carbon
capture-and-storage technologies at fossil fuel plants and especially
continued improvements in energy efficiency. The study views natural gas and
renewable energy sources as complementary components of the power sector.
Natural gas plants can quickly scale up or down their electricity production
and so can act as an effective hedge against the intermittency of certain
renewables. The report also aligns with National Grid’s commitment to better
understand and more accurately measure greenhouse gas emissions from natural
gas production and use.

King also commended the report’s authors for their call for consumer education
about the environmental and efficiency benefits of natural gas use through
labeling and standards programs and the recommendation to create consumer
incentives to use natural gas when emissions reductions are possible.

Read the full report here.

About National Grid

National Grid (LSE: NG; NYSE:NGG) is an electricity and gas company that
connects consumers to energy sources through its networks. The company is at
the heart of one of the greatest challenges facing our society - to create
new, sustainable energy solutions for the future and developing an energy
system that underpins economic prosperity in the 21st century. National Grid
holds a vital position at the center of the energy system and it ‘joins
everything up’.

In the northeast US, we connect more than seven million gas and electric
customers to vital energy sources, essential for our modern lifestyles. In
Great Britain, we run the gas and electricity systems that our society is
built on, delivering gas and electricity across the country.

National Grid delivers electricity to approximately 3.3 million customers in
Massachusetts, New York and Rhode Island. It manages the electricity network
on Long Island under an agreement with the Long Island Power Authority (LIPA),
and owns over 4,000 megawatts of contracted electricity generation, providing
power to over one million LIPA customers. It is the largest distributor of
natural gas in northeastern U.S., serving approximately 3.4 million customers
in New York, Massachusetts, and Rhode Island.

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National Grid
Jackie Barry, 781-907-3980
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