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National Grid plc

NG.L

Latest Trade

1,037.80GBp

Change

-2.20(-0.21%)

Volume

404,686

Today's Range

1,034.00

 - 

1,040.60

52 Week Range

772.50

 - 

1,044.40

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Drax Says Provisionally Secured Agreements To Provide 2,562MW Of Capacity (De-Rated 2,333mw)

Feb 3 (Reuters) - Drax Group PLC <DRX.L>::DRAX GROUP PLC - CAPACITY MARKET AGREEMENTS.DRAX - PROVISIONALLY SECURED AGREEMENTS TO PROVIDE 2,562MW OF CAPACITY (DE-RATED 2,333MW) FROM ITS EXISTING GAS, PUMPED STORAGE AND HYDRO ASSETS.DRAX - DID NOT ACCEPT AGREEMENTS FOR ITS TWO COAL UNITS AT DRAX POWER STATION OR SMALL COMBINED CYCLE GAS TURBINE AT BLACKBURN MILL.DRAX GROUP - WILL NOW ASSESS OPTIONS FOR THE TWO COAL UNITS, ALONGSIDE DISCUSSIONS WITH NATIONAL GRID, OFGEM AND UK GOVERNMEN.DRAX GROUP PLC - DOES NOT INTEND TO TAKE A CAPACITY MARKET AGREEMENT IN FORTHCOMING T-4 AUCTION.

National Grid Says Peter Gershon Intends To Step Down As Chairman

Jan 30 (Reuters) - National Grid PLC <NG.L>::SUCCESSION PLAN TO APPOINT NEW CHAIRMAN.FOLLOWING NEARLY NINE YEARS AT COMPANY, PETER GERSHON HAS INFORMED BOARD OF HIS INTENTION TO STEP DOWN AS CHAIRMAN.PETER WILL BE STANDING FOR RE-ELECTION AT COMPANY'S AGM IN JULY 2020.IT IS INTENDED THAT PETER GERSHON REMAINS AS CHAIRMAN UNTIL HIS SUCCESSOR HAS BEEN SUCCESSFULLY ONBOARDED.

National Grid ESO Agrees Contracts To Manage Electricity Systems

Jan 29 (Reuters) - National Grid Electricity System Operator::AGREED CONTRACTS WITH FIVE PARTIES, WORTH £328 MILLION OVER A SIX-YEAR PERIOD.NEW APPROACH SEES PARTIES, INCLUING DRAX & UNIPER, BUILDING NEW OR MODIFYING EXISTING ASSETS TO PROVIDE ESO STABILITY SERVICES.

UK's Ofgem Probes National Grid, Scottish Power Over Western HVDC Subsea Cable

Jan 28 (Reuters) - National Grid PLC <NG.L>::OFGEM OPENS INVESTIGATION INTO NATIONAL GRID AND SCOTTISH POWER TRANSMISSION OVER DELIVERY AND ONGOING OPERATION OF WESTERN HVDC SUBSEA CABLE.LAUNCHED INVESTIGATION FOR DELIVERY AND OPERATION OF THE WESTERN HIGH-VOLTAGE DIRECT CURRENT (HVDC) SUBSEA CABLE.PROBE TO REVIEW PERFORMANCE OF NATIONAL GRID ELECTRICITY TRANSMISSION & SCOTTISH POWER TRANSMISSION IN DELIVERING HVDC SUBSEA CABLE.TO CONSIDER WHETHER ITS LATE DELIVERY MEANS NATIONAL GRID AND SCOTTISH POWER TRANSMISSION BREACHED SPECIAL LICENCE CONDITION 6I.INVESTIGATION TO ALSO EXAMINE POTENTIAL BREACHES RELATING TO OPERATION OF WESTERN HIGH-VOLTAGE DIRECT CURRENT (HVDC) SUBSEA CABLE.INVESTIGATION DOES NOT IMPLY OFGEM MADE FINDINGS ABOUT NON-COMPLIANCE BY NATIONAL GRID ELECTRICITY TRANSMISSION OR SCOTTISH POWER TRANSMISSION.

UK's Ofgem Says Companies To Pay £10.5 Mln Over Aug. 2019 Power Cut

Jan 3 (Reuters) - UK's Ofgem::SAYS HORNSEA ONE LTD AND RWE AGREE TO PAY OUT £4.5 MILLION FOR NOT REMAINING CONNECTED AFTER THE AUG. 9, 2019 LIGHTNING STRIKE.SAYS UKPN WILL ALSO PAY OUT £1.5 MILLION AFTER A TECHNICAL BREACH OF RULES RELATED TO AUG.9, 2019 POWER CUT.SAYS CONCLUDED THAT HORNSEA ONE LTD AND LITTLE BARFORD POWER STATIONS DID NOT REMAIN CONNECTED AFTER LIGHTNING STRIKE ON AUG. 9, 2019.IDENTIFIED ISSUES SURROUNDING NATIONAL GRID ESO'S MANAGEMENT OF SYSTEM IN RELATION TO AUG. 9 POWER CUT.WILL ACCELERATE ITS ALREADY PLANNED REVIEW OF ESO’S STRUCTURE AND GOVERNANCE.

Balfour Beatty Secures £90 Mln Contract To Connect British And Danish Power Grids

Dec 18 (Reuters) - Balfour Beatty PLC <BALF.L>::BALFOUR BEATTY PLC - SECURES £90 MILLION CONTRACT TO CONNECT BRITISH AND DANISH POWER GRIDS.BALFOUR BEATTY -CONTRACT FOR BRITISH ONSHORE CIVILS WORKS FOR VIKING LINK INTERCONNECTOR ON BEHALF OF JV DELIVERY PARTNERS, NATIONAL GRID & ENERGINET.BALFOUR BEATTY PLC - WORKS ARE DUE TO COMMENCE IN JANUARY 2020 WITH COMPLETION SCHEDULED FOR END OF 2023.BALFOUR BEATTY - AS PART OF 4 YEAR CONTRACT, CO WILL BE RESPONSIBLE FOR CIVIL ENGINEERING AND INSTALLATION OF 68 KILOMETRES OF HIGH VOLTAGE CABLING.

National Grid Says Agreement Reached With The State Of New York

Nov 25 (Reuters) - National Grid PLC <NG.L>::NATIONAL GRID PLC - AGREEMENT REACHED WITH THE STATE OF NEW YORK.NATIONAL GRID PLC - AS PART OF THIS AGREEMENT, NATIONAL GRID WILL OFFER $7 MILLION IN CUSTOMER ASSISTANCE TO ADDRESS HARDSHIPS ARISING FROM MORATORIUM.NATIONAL GRID - AGREEMENT WITH NEW YORK TO LIFT NATURAL GAS MORATORIUM FOR ALL CUSTOMERS IN BROOKLYN, QUEENS AND LONG ISLAND FOR ABOUT NEXT TWO YEARS.NATIONAL GRID PLC - AS PART OF AGREEMENT, NATIONAL GRID WILL ALSO OFFER INVEST $8 MILLION IN DEMAND RESPONSE AND ENERGY EFFICIENCY PROGRAMS.NATIONAL GRID - WILL PROCEED TO CONNECT CUSTOMER APPLICATIONS PUT ON HOLD DUE TO MORATORIUM AND START PROCESSING ALL NEW APPLICATIONS.NATIONAL GRID - AGREEMENT ALSO PROVIDES NECESSARY FRAMEWORK FOR RESOLVING LONGER-TERM ENERGY SUPPLY ISSUES.NATIONAL GRID - AS PART OF AGREEMENT, CO TO ALSO OFFER MAKE ADDITIONAL $20 MILLION INVESTMENT IN CLEAN ENERGY PROJECTS, CLEAN TECH BUSINESS INVESTMENTS.NATIONAL GRID - WITHIN THREE MONTHS, CO HAS COMMITTED TO PRESENT OPTIONS TO MEET NEW YORK'S LONG-TERM GAS SUPPLY NEEDS.NATIONAL GRID - FINAL LONG-TERM OPTIONS FOR NY'S GAS SUPPLY NEEDS WILL BE IDENTIFIED AND SHOULD BE AGREED WITH STATE BY JUNE 2020.NATIONAL GRID-RELEASED FROM CLAIMS THAT FRANCHISE/LICENSE BE REVOKED IN CONNECTION WITH MORATORIUM, MATTER OPENED BY PUBLIC SERVICE COMMISSION RESOLVED.

National Grid Says Does Not Expect To Be Fined By Ofgem For Aug. Power Outages

Nov 14 (Reuters) - National Grid PLC <NG.L>::NATIONAL GRID SAYS DOES NOT EXPECT TO BE FINED BY OFGEM FOR AUG. POWER OUTAGES.

National Grid Reports HY Pretax Profit From Cont Ops 404 Mln Stg Vs 522 Mln Stg

Nov 14 (Reuters) - National Grid PLC <NG.L>::HALF YEAR RESULTS FOR PERIOD ENDED 30 SEPT 2019.ANNOUNCING TODAY A NEW TARGET TO ACHIEVE NET ZERO FOR OWN EMISSIONS BY 2050.HY UNDERLYING OPERATING PROFIT UP 1% TO £1.3BN DUE TO INCREASE IN US REGULATED PROFITS.INTERIM DIVIDEND 16.57P/SHARE, IN LINE WITH POLICY.COST EFFICIENCY PROGRAMME ON TRACK: £50M IN THE UK AND $30M IN THE US IN 2019/20.HY PROFIT BEFORE TAX FROM CONTINUING OPERATIONS 404 MILLION STG VERSUS 522 MILLION STG.HY OPERATING PROFIT FROM CONTINUING OPERATIONS 1,003 MILLION STG VERSUS 1,017 MILLION STG.IN HY DELIVER STRONG ORGANIC GROWTH AT THE TOP END OF 5 TO 7% RANGE.

National Grid Says Dean Seavers To Step Down As President Of U.S. Business​

Nov 5 (Reuters) - National Grid PLC <NG.L>::NATIONAL GRID PLC - BOARD CHANGE.NATIONAL GRID PLC - AGREED WITH DEAN SEAVERS, US EXECUTIVE DIRECTOR, THAT FOR PERSONAL REASONS, HE WILL STEP DOWN.NATIONAL GRID - BADAR KHAN, GROUP DIRECTOR CORPORATE DEVELOPMENT AND NATIONAL GRID VENTURES WILL TAKE OVER AS INTERIM PRESIDENT OF US BUSINESS.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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