Company Profile For National Grid Plc

National Grid plc (National Grid) is an international electricity and gas company. National Grid owns the high-voltage electricity transmission network in England and Wales and operates the system across Great Britain. It also owns and operates the high-pressure gas transmission system in Britain and its distribution business delivers gas to 11 million homes and businesses. In the United States, National Grid distributes electricity to approximately five million customers in Massachusetts, New Hampshire, New York and Rhode Island. National Grid also has a number of related businesses, such as liquefied natural gas (LNG) importation and storage, land remediation and metering. The Company's businesses include Transmission, Gas Distribution, Electricity Distribution and Generation, and Non-regulated Businesses.

BRIEF: For the six months ended 30 September 2009, National Grid plc's revenues decreased less than 1% to £6.04B. Net income from continuing operations increased 71% to £696M. Revenues reflect a decrease in income from Transmission UK & US and lower income from Gas distribution US. Net income was offset by a decrease in operating costs, an increase in operating profit, an increase in income from share of associates and lower finance costs.