PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:

On 6/16/22, the PSC adopted an order authorizing KeySpan Gas East Corporation d/b/a National Grid (KEDLI) to issue and sell up to $890 million of long-term debt securities in one or more transactions, not later than March 31, 2025

Issuance of long-term debt.

To authorize KEDLI to issue long-term debt.

The Commission, on June 16, 2022, adopted an order authorizing KeySpan Gas East Corporation d/b/a National Grid (KEDLI) to issue and sell up to $890 million of long-term debt securities in one or more transactions, not later than March 31, 2025. The proceeds from the issuance of these securities shall only be used for the purposes described in Ordering Clause 2. The order replaces the authorization granted in the Order Authorizing Issuance of Securities, issued February 8, 2019, in Case 18-G-0559 and the authorization granted in that proceeding is hereby revoked. The proceeds from the issuance of the securities authorized by the order may be used only for the following: a) the acquisition of property, the construction, completion, extension or improvement of KEDLI’s facilities or the improvement or maintenance of the Company’s service within New York State (to the extent such expenditures exceed funds originating from credits to the accumulated provision for depreciation, net salvage, and accumulated deferred income taxes); b) for the discharge or lawful refunding of the Company’s obligations; or c) to reimburse KEDLI’s treasury for equivalent moneys expended for those purposes prior to March 31, 2021, provided that the Company has kept its accounts and vouchers of such expenditures in such a manner as to enable the Commission to ascertain the amount of moneys so expended and the purposes for which such expenditures were made. Within 30 days after the end of each calendar quarter, KEDLI shall submit a compliance filing to the Secretary to the Commission containing the elements described in the body of the order for any security executed during that particular quarter. If KEDLI does not issue any securities during that quarterly period, the Company shall submit a quarterly compliance filing indicating that no such securities were issued. KEDLI is authorized to defer its costs associated with the issuance of securities authorized under the order in Account 181, Unamortized Debt Expense. The amounts so deferred shall be amortized to Account 428, Amortization of Debt Discount and Expense. KEDLI shall, within 60 days after the end of each calendar year, file with the Secretary to the Commission a verified report in the form prescribed by 16 NYCRR Section 245.1. The report shall include the date the proceeds were utilized, the amount, and the purpose authorized in Ordering Clauses 1 and 2 for which the funds were used, subject to the terms and conditions set forth in the order.

in the March 30, 2022 issue of the Register, I.D. No. PSC-13-22-00012-P.

No changes.

John Pitucci, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 486-2655, email: [email protected] An IRS employer ID no. or social security no. is required from firms or persons to be billed 25 cents per page. Please use tracking number found on last line of notice in requests.