<html xmlns="http://www.w3.org/1999/xhtml" xmlns="http://www.w3.org/1999/xhtml">
 <head xmlns="http://www.w3.org/1999/xhtml">
 <title xmlns="http://www.w3.org/1999/xhtml"></title>
 </head>
 <body xmlns="http://www.w3.org/1999/xhtml">
 
 National Grid today announced a proposal to develop an innovative, new 
 transmission project that would bring up to 1,200 megawatts of clean 
 energy from Canada to the New England power grid. To drive down costs, 
 increase efficiency and minimize environmental impacts, the proposed 
 Granite State Power Link (GSPL) will be constructed almost entirely 
 along existing transmission corridors and will maximize use of existing 
 infrastructure.
 
 
 As proposed, the GSPL comprises two segments: the first is a new 
 high-voltage, direct current (HVDC) overhead line located in Vermont 
 alongside an existing HVDC line in an expanded right-of-way corridor 
 from the international border at Norton, VT, to a proposed converter 
 station on National Grid-owned property in Monroe, New Hampshire. The 
 second segment is an upgrade of an existing National Grid overhead line 
 in NH to accommodate the additional power flow from the new HVDC line. 
 That line runs from Monroe to southern NH, where a proposed switching 
 station would be built.
 
 
 "We believe this proposed project reflects the priorities we've heard 
 from state and local communities on their need for lower cost, energy 
 efficient and environmentally sound solutions," said John Flynn, 
 National Grid senior vice president of Business Development. "The GSPL 
 meets these tests; our stakeholder engagement and outreach is underway 
 and we look forward to continuing our work with communities of all types 
 to earn their support. Community dialogue and engagement will be a 
 hallmark of GSPL."
 
 
 GSPL is a commercial project; its development will be funded by National 
 Grid and its investors, not customers of its regulated companies.
 
 
 An investor in the project is a non-profit energy company that works 
 with utilities and developers across the country to develop clean 
 transmission projects and uses revenues from these ventures to finance 
 new charitable programs to help low-income working families with their 
 energy needs. Continuing this commitment, Massachusetts-based Citizens 
 Energy has pledged to use 50 percent of its own profits from the project 
 to fund energy assistance programs for local families living in NH and 
 VT.
 
 
 GSPL will provide significant economic benefits in NH and VT. More than 
 an estimated 2,000 jobs will be created during construction and the 
 project host communities and key state programs will receive significant 
 new tax revenues and direct benefits. National Grid will be meeting with 
 host communities and state officials in the coming months to discuss 
 these and other benefits.
 
 
 The project is also expected to lower energy costs across New England by 
 $1.1 billion over its first 10 years of operation.
 
 
 "We designed this project to be a win-win-win for New England's 
 energy consumers, the project host states and communities, and the 
 environment," Flynn said. "When you combine the project's potential to 
 lower regional electricity rates, economic development investment, 
 environmental benefits, its cost-effectiveness, and the minimal visual 
 and environmental impacts to the host communities, it's clear that GSPL 
 is uniquely positioned to bring clean energy to life in the region."
 
 
 &#34;NVDA is pleased to support and welcome the development of the Granite 
 State Power Link in the Northeast Kingdom,&#34; said Dave Snedeker, 
 executive director of the Northeastern Vermont Development Association. 
 &#34;The project, developed next to an existing transmission corridor, will 
 have a limited environmental and visual impact, and will deliver 
 significant economic benefits to an area of Vermont that desperately 
 needs an economic boost. We look forward to working with National Grid 
 to further define what the specific economic benefits will be.&#34;
 
 
 National Grid is a world leader in developing large, complex 
 transmission projects, including major HVDC interconnectors. National 
 Grid built, co-owns and operates the nation's first HVDC system, which 
 interconnects New England and Canada and has delivered up to 2,000 
 megawatts of clean energy for more than 25 years. In the UK, National 
 Grid co-developed and co-owns interconnectors to France and the 
 Netherlands, and is developing others that will connect the UK to Norway 
 and Belgium. A second link to France is under consideration, along with 
 interconnectors to Denmark and Iceland.
 
 
 In December, National Grid completed sea2shore: The Renewable Link, a 
 transmission project that interconnected the nation's first offshore 
 wind farm, located off the Rhode Island coast, to the mainland grid.
 
 
 National Grid is also a leader in developing and implementing 
 award-winning energy efficiency programs that have significantly 
 contributed to reducing greenhouse gas emissions. In the past several 
 years, National Grid has helped make over a million homes and businesses 
 more efficient, saving customers millions of megawatt hours of 
 electricity and hundreds of millions of therms of natural gas. This 
 equates to taking more than 700,000 cars off the road for a year. Since 
 2009, the states where National Grid operates all have ranked in the top 
 10 most energy efficient in the US.
 
 
 For more information please visit <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.GraniteStatePowerLink.com&amp;esheet=51532452&amp;newsitemid=20170328005934&amp;lan=en-US&amp;anchor=www.GraniteStatePowerLink.com&amp;index=1&amp;md5=f9bc5f581348b371fda223a4a2571f89" rel="nofollow" rel="nofollow">www.GraniteStatePowerLink.com</a>.
 
 
 About National Grid National Grid ((NGNGG is an 
 electricity and natural gas delivery company that connects nearly 7 
 million customers to vital energy sources through its networks in New 
 York, Massachusetts and Rhode Island. It is the largest distributor of 
 natural gas in the Northeast. National Grid also operates the systems 
 that deliver gas and electricity across Great Britain.
 
 
 Through its U.S. Connect21 strategy, National Grid is transforming its 
 electricity and natural gas networks to support the 21st century digital 
 economy with smarter, cleaner, and more resilient energy solutions. 
 Connect21 is vital to our communities&#39; long-term economic and 
 environmental health and aligns with regulatory initiatives in New York 
 (REV: Reforming the Energy Vision) and Massachusetts (Grid 
 Modernization).
 
 
 For more information please visit our <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.nationalgridus.com%2F&amp;esheet=51532452&amp;newsitemid=20170328005934&amp;lan=en-US&amp;anchor=website&amp;index=2&amp;md5=593df6b84018385dc4b5d11b6bfd3ac9" rel="nofollow" rel="nofollow">website</a>, 
 or our <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fus.nationalgridconnecting.com%2F&amp;esheet=51532452&amp;newsitemid=20170328005934&amp;lan=en-US&amp;anchor=Connecting&amp;index=3&amp;md5=b780e23f69ffbcb398ce7d03e83ab61a" rel="nofollow" rel="nofollow">Connecting</a> website, 
 follow us on <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Ftwitter.com%2Fnationalgridus&amp;esheet=51532452&amp;newsitemid=20170328005934&amp;lan=en-US&amp;anchor=Twitter&amp;index=4&amp;md5=707b26eb6510664229c14369045bdd51" rel="nofollow" rel="nofollow">Twitter</a>, 
 watch us on <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.youtube.com%2Fnationalgrid%3Fgl%3DGB%26user%3Dnationalgrid&amp;esheet=51532452&amp;newsitemid=20170328005934&amp;lan=en-US&amp;anchor=YouTube&amp;index=5&amp;md5=7e294775006577fdb48f89eb1056725e" rel="nofollow" rel="nofollow">YouTube</a>, 
 friend us on <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.facebook.com%2Fnationalgrid&amp;esheet=51532452&amp;newsitemid=20170328005934&amp;lan=en-US&amp;anchor=Facebook&amp;index=6&amp;md5=77a3dd291eca075173f0ecee7efa3daa" rel="nofollow" rel="nofollow">Facebook</a>, 
 find our photos on <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Finstagram.com%2Fnationalgrid&amp;esheet=51532452&amp;newsitemid=20170328005934&amp;lan=en-US&amp;anchor=Instagram&amp;index=7&amp;md5=1fe872d604201160ca30b228aea21628" rel="nofollow" rel="nofollow">Instagram</a>.
 
 
 
 <img xmlns="http://www.w3.org/1999/xhtml" alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20170328005934r1&amp;sid=benz2&amp;distro=nx&amp;lang=en"></img>View source version on businesswire.com: <a xmlns="http://www.w3.org/1999/xhtml" href="http://www.businesswire.com/news/home/20170328005934/en/" rel="nofollow" rel="nofollow">http://www.businesswire.com/news/home/20170328005934/en/</a></body></html>

Press Releases

National Grid Proposes New Transmission Project: Would Provide Host Community Benefits, Help Secure New England's Clean Energy Future - National Grid (NYSE:NGG)

National Grid

National Grid Proposes New Transmission Project: Would Provide Host Community Benefits, Help Secure New England's Clean Energy Future

TYO:6723


Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the consolidated financial forecasts for the six months ending June 30, 2024.


Renesas Electronics

Renesas Announces Consolidated Forecasts

AHKSY

TYO:3407


Asahi Kasei announced today that it will construct an integrated plant in Ontario, Canada for the base film manufacturing and coating of Hipore™ wet-process lithium-ion battery (LIB) separator1. In relation to

Asahi Kasei to Construct a Lithium-ion Battery Separator Plant in Canada


Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the three months ended March 31, 2024.


Summary of Consolidated Financial Results (Note

Renesas Reports Financial Results for the First Quarter Ended March 31, 2024


Orion Group (&#34;Orion&#34;), a commercial and industrial field services company backed by Alpine Investors (&#34;Alpine&#34;), announced today that it has partnered with Academy Locksmith (&#34;Academy&#34;). Academy provides mechanical and

Orion Group&#39;s Facilities Maintenance Business Enters Lock, Door, Safe, and Access Control Market Through Partnership with Academy Locksmith


Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of HashiCorp Inc. (NASDAQ:HCP) to IBM for $35.00 per share in cash is fair to HashiCorp shareholders.


Halper Sadeh encourages HashiCorp

HCP Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of HashiCorp Inc. Is Fair to Shareholders


Highlights for the first quarter of 2024 as compared to the first quarter of 2023:



Revenue increased by 20%.



Operating income increased by 42%.



Net income attributable to the Company increased by 34%.



The