National Grid to pay $36 million and lift natural gas moratorium after New York settlement

(Reuters) - National Grid Plc on Monday agreed to pay $36 million in response to an ultimatum from New York Governor Andrew Cuomo and compensate natural gas customers in New York City and Long Island that were adversely impacted by a moratorium.National Grid, which will invest most of that money in new energy conservation and clean energy projects, said in a statement it will immediately lift the moratorium on signing up new gas customers for about two years.National Grid, which owns and..