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National Grid PLC (NG.L)

NG.L on London Stock Exchange

795.30GBp
18 Sep 2018
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Latest Key Developments (Source: Significant Developments)

National Grid FY underlying operating profit rises
Thursday, 17 May 2018 

May 17 (Reuters) - National Grid PLC ::FY PRETAX PROFIT 2.708 BILLION STG.FY UNDERLYING OPERATING PROFIT UP 4% TO £3.5BN.FY CAPITAL INVESTMENT OF £4.3BN, UP 14% AT CONSTANT CURRENCY.NATIONAL GRID EXPECTS GROWTH AT TOP END OF 5-7% RANGE FOR MEDIUM TERM, AND AT LEAST 7% IN NEAR TERM.FY GROUP RETURN ON EQUITY OF 12.3% (2016/17: 11.7%).NATIONAL GRID-NET DEBT IS EXPECTED TO INCREASE FROM £23.0 BILLION AT 31 MARCH 2018 AS A RESULT OF ONGOING BUSINESS REQUIREMENTS BY APPROXIMATELY £2.5 BILLION.OVERALL GROUP CAPITAL INVESTMENT FOR 2018/19 IS EXPECTED TO BE AT A SIMILAR LEVEL TO £4.3 BILLION OF INVESTMENT IN 2017/18..FINAL DIVIDEND 30.44 PENCE PER SHARE.TOTAL DIVIDEND 45.93 PENCE PER SHARE.  Full Article

National Grid Announces Agreement For Potential Sale Of 25 Pct Of Cadent Gas
Tuesday, 1 May 2018 

May 1 (Reuters) - National Grid PLC ::NATIONAL GRID - ENTERED INTO AN AGREEMENT WITH QUADGAS INVESTMENTS BIDCO FOR POTENTIAL SALE OF ITS REMAINING 25% EQUITY IN QUADGAS HOLDCO LIMITED.CASH PROCEEDS FROM POTENTIAL SALE, WOULD BE APPROXIMATELY £1.2 BILLION.NATIONAL GRID- IF SALE IS COMPLETED FOR 25% INTEREST, 14% OPTION ANNOUNCED IN MARCH, PROCEEDS EXPECTED TO BE RETAINED FOR REINVESTMENT IN BUSINESS.  Full Article

National Grid Sees Lower FY Headline EBIT
Thursday, 12 Apr 2018 

April 12 (Reuters) - National Grid PLC ::UNDERLYING GROUP EBIT IS EXPECTED TO BE IN LINE WITH ORIGINAL GUIDANCE.HEADLINE GROUP EBIT IS EXPECTED TO BE LOWER DUE TO IMPACT OF MAJOR STORMS IN ON OUR US BUSINESSES.LARGELY OFFSET AT EARNINGS LEVEL BY BENEFITS TO FINANCE COSTS AND A LOWER EFFECTIVE TAX RATE..  Full Article

National Grid Proposes ‍Three-Year Rate Plan For Niagara Mohawk Electric & Gas
Monday, 22 Jan 2018 

Jan 22 (Reuters) - National Grid Plc ::NATIONAL GRID - CO, NY PUBLIC SERVICE COMMISSION FILED PROPOSAL FOR 3-YEAR RATE PLAN SETTLEMENT FOR NIAGARA MOHAWK POWER CORP ELECTRIC AND GAS DISTRIBUTION UTILITY​.NATIONAL GRID PLC - FINAL DECISION FROM COMMISSION IS EXPECTED IN SPRING OF 2018 WITH NEW RATES EFFECTIVE AS OF APRIL 2018.NATIONAL GRID PLC - UNDER JOINT PROPOSAL, EXPECT SIGNIFICANT CAPITAL TO BE INVESTED OVER THREE-YEAR PERIOD, TOTALLING $2.5 BILLION.NATIONAL GRID PLC - SETTLEMENT WILL CONTRIBUTE TO FINANCIAL PERFORMANCE OF OUR US OPERATIONS.  Full Article

National Grid HY ‍adjusted operating profit up 4 pct to 1.4 bln stg​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - National Grid Plc :NATIONAL GRID PLC - ‍OUTLOOK FOR YEAR IS UNCHANGED​.HY ‍ADJUSTED OPERATING PROFIT, EXCLUDING TIMING UP 4% TO £1.4BN​.NATIONAL GRID PLC - ‍FOCUSED ON COMPLETING RATE FILINGS IN US, CONTINUING "PROACTIVE DISCUSSIONS" WITH OFGEM AHEAD OF NEXT REGULATORY SETTLEMENT IN 2021​.HY ‍ADJUSTED EPS OF 18.5P​.NATIONAL GRID PLC - ‍HY INTERIM DIVIDEND OF 15.49P, INCREASED IN LINE WITH POLICY​.NATIONAL GRID PLC - ‍2017/18 INTERIM DIVIDEND OF 15.49P REPRESENTS A 0.32P (2.1%) INCREASE OVER INTERIM DIVIDEND FOR YEAR ENDED 31 MARCH 2017 OF 15.17P​.NATIONAL GRID PLC - FY ‍FINANCIAL PERFORMANCE WILL BE SIGNIFICANTLY WEIGHTED TO SECOND HALF, PRIMARILY DUE TO SEASONALITY OF US REGULATED PROFITS​.HY ‍CAPITAL INVESTMENT OF £2.0 BILLION, UP 7% (4% AT CONSTANT CURRENCY)​.NATIONAL GRID PLC-FOR 2017/2018 ‍NET REVENUE (EXCLUDING TIMING) IS EXPECTED TO DECREASE, WITH APPROXIMATELY A £70M REDUCTION IN REVENUE ALLOWANCES.NATIONAL GRID - FY ‍PERFORMANCE IN US BUSINESS IS EXPECTED TO IMPROVE YOY DRIVEN BY FY OF NEW RATES IN DOWNSTATE NEW YORK GAS,MASSACHUSETTS ELECTRIC UNITS.NATIONAL GRID PLC - FY ‍CAPITAL INVESTMENT IS EXPECTED TO INCREASE TO OVER £4BN​.FOR 2017/2018 ‍TOTEX OUTPERFORMANCE FOR UK ELECTRICITY TRANSMISSION IS EXPECTED TO BE BROADLY IN LINE WITH 2016/17.NATIONAL GRID - ‍IN UK TRANSMISSION, FY TOTEX EXPECTED TO REMAIN CONSISTENT ALTHOUGH INCENTIVE PERFORMANCE, LEGACY ALLOWANCES EXPECTED TO DECLINE​.  Full Article

Drax comments on National Grid's winter outlook report
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - DRAX GROUP PLC ::DRAX POWER CEO ANDY KOSS RESPONDS TO NATIONAL GRID'S WINTER OUTLOOK REPORT 2017/18.‍"HAS UPGRADED HALF OF POWER STATION IN NORTH YORKSHIRE TO RUN ON BIOMASS INSTEAD OF COAL - 70 PCT OF OUR OUTPUT IS NOW RENEWABLE" - DRAX POWER CEO​."‍EXPLORING LOW COST OPTIONS FOR UPGRADING A FOURTH GENERATING UNIT FROM COAL TO BIOMASS" - DRAX POWER CEO​.  Full Article

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Britain's energy regulator gives go-ahead to National Grid for Hinkley project

LONDON Britain's energy market regulator has given the go-ahead to National Grid to build a power grid upgrade to connect the new Hinkley Point C nuclear power station in Somerset.