Sally Librera

Sure.

So at National Grid in New York, we serve more than 4 million customers, and we deliver natural gas and electricity to those customers, and our focus is on doing it safely, reliably, and affordably.

But the reality is there is increasing demand for energy across the entire state, and we serve through upstate, we serve in Long Island, and we also serve in New York City.

And it's our job to deliver that energy, to meet that energy demand where, when, and how folks need it.

So we work with our New York independent system operator, the NISO.

And NISO manages what we call the large load queue.

So it's essentially the companies that have indicated wanting to hook into the New York grid that have large power needs.

And they estimate that the cumulative power need across those companies that are essentially in line to connect sometime over the next five or so years is about 10 gigawatts of energy.

And so just to give you some context, at our peak in New York, we demand about three times that across the entire state.

And another really important point is that one year ago, that queue was one third the size.

It literally tripled in just one year.

No, not all data centers.

Well, there definitely is the impact of data centers.

But New York is also very attractive to manufacturing and large scale manufacturing, particularly some of the modern manufacturing we see around semiconductors and computer components.

It's very energy intensive and companies with big power needs are drawn to New York.

And we are working to make sure that they have the power that they need, not just today, but well into the future.

I think it is important to note that even if we weren't at this unique moment in time with rapidly increasing demand for power, we still have a grid in New York, and this is true across many places in the country.

We have a grid that needs investment.

We have assets that are close to 100 years old on our grid.

Do I not understand?