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The Boston Globe

Business

CEO: Utilities must invest, adapt

Utilities must adapt to a changing energy environment that will require greater reliance on renewable resources, increased investment in transmission and other infrastructure, and strategies to hold down costs for customers, National Grid chief executive Steve Holliday said Thursday.

“We have a significant challenge,” Holliday told executives gathered the Boston Harbor Hotel for the Boston College Chief Executives’ Club luncheon. “How can we deliver cleaner energy in the future, make sure it’s reliable, and at the same time afford it — things in conflict.”

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