National Grid Announces the Upstate Upgrade; Multi-Year Initiative Will Improve Grid Resilience, Deliver Significant Benefits for Customers, Local Economies - Seite 2

Powering Upstate's Energy Future: As new industry drives growth and revitalizes the region, the Upstate Upgrade will ensure that the electric grid can meet customers' increasing day-to-day demands, including the needs of growing industries, while encouraging more investment and creating new jobs.

The full scope of the Upstate Upgrade, including projects and benefits, can be found at our dedicated website: UpstateUpgrade.NationalGrid.com.

Julie Tighe, President of New York League of Conservation Voters: "There is no transition without transmission. Decarbonizing the state's grid will require more than just generating wind, solar, and hydro power; we also need the poles and wires to deliver all that electricity to our homes and businesses. We applaud National Grid for prioritizing clean energy delivery in New York State."

Rob Simpson, President and CEO of CenterState Corporation for Economic Opportunity: "Recent economic development announcements in the Syracuse region and across Upstate demonstrate that the reliability of New York's electric grid and the availability of abundant, clean energy is a competitive advantage, nationally and globally. The Upstate Upgrade will support New York's increasing demand for electricity and encourage further investment and growth with a more efficient and resilient grid. With billions of dollars in new investment, and thousands of jobs generated directly and indirectly from National Grid's efforts, the Upstate Upgrade will help our businesses thrive and communities prosper."

Hui Peng Koh, GlobalFoundries VP and General Manager: "We applaud National Grid for sharing in our commitment to innovation, job creation and sustainability. The electricity and semiconductor industries rely on each other, and the Upstate Upgrade will help our region achieve a cutting-edge energy infrastructure to support future growth."

Mark Eagan, President and CEO of the Capital Region Chamber and the Center for Economic Growth: "The Upstate Upgrade will transform our electric grid and make additional economic growth possible throughout the state and into the Capital Region. This $4 billion investment over the next six years will spur significant job creation and ensure our communities remain vibrant, prosperous, and growing for years to come. A more resilient, secure, and efficient grid will help drive growth for the Capital Region and all New Yorkers."