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September 01, 2015 1:12 PM ET

Electric Utilities

Company Overview of The Narragansett Electric Company

Company Overview

The Narragansett Electric Company operates as a retail distribution company that provides electric and gas services in Rhode Island. It offers electric services to approximately 493,000 customers; and gas services to approximately 260,000 customers in 38 cities and towns. The company is based in Providence, Rhode Island. The Narragansett Electric Company is a subsidiary of National Grid USA.

280 Melrose Street

Providence, RI 02901

United States

Phone:

401-784-7000

Fax:

401-784-7321

Key Executives for The Narragansett Electric Company

President
Age: 60
Chief Executive Officer of Nationalgrid Plc and Executive Director
Age: 58
Senior Vice President and Treasurer
Executive Director
Age: 55
Executive Director
Age: 61
Compensation as of Fiscal Year 2015.

The Narragansett Electric Company Key Developments

Narragansett Electric Company Seeks Proposals for Supply of RECs in Rhode Island to Meet the Renewable Energy Standard as Envisaged by Rhode Island Public Utilities Commission

National Grid USA announced a request for proposals April 16 to meet the renewable energy standard as envisaged by the Rhode Island Public Utilities Commission. National Grid via subsidiary Narragansett Electric Co. is seeking suppliers for 8,000 renewable energy certificates, or RECs, from existing and 19,000 RECs from new energy resources for the year 2014. The company is additionally seeking 23,000 RECs from existing and 19,000 RECs from new energy resources for 2015. Said RECs need to be generated from renewable facilities in Rhode Island, New England and surrounding regions that have been approved by the PUC. Under Rhode Island's renewable energy standard, National Grid is required to source 8.5% of its electric sales from new and existing renewable resources for calendar years 2014 and 2015. Existing facilities consist of renewable projects that commercial operation before Dec. 31, 1997; new facilities consist of renewable projects that began commercial operation after Dec. 31, 1997.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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