Press Releases
Press Releases
15 May 2008
Preliminary results for the year ended 31 March 2008
Steve Holliday, Chief Executive, said: “National Grid has again delivered an excellent operational and financial performance. We have completed the acquisition of KeySpan and realised ...
18 April 2008
National Grid to adopt carbon budgets and reduce its greenhouse gas emissions by 80%
Emissions reduction target raised to 80% by 2050
Ground-breaking initiative linking carbon budgets with performance
Carbon reductions at the core of operational decision-making to encourage ...
31 March 2008
Sale of Ravenswood generating station for $2.9 billion
National Grid plc (“National Grid”) is pleased to announce that it has signed an agreement to sell its 2,480 megawatt Ravenswood Generating Station in New York City to TransCanada ...
25 February 2008
National Grid to appeal Competition Act decision on Metering
National Grid plc (“National Grid”) is extremely disappointed with the Gas and Electricity Markets Authority’s (GEMA) decision that National Grid has infringed the Competition Act in ...
31 January 2008
National Grid plc Interim Management Statement for the period 1 October 2007 to 30 January 2008
15% recommended dividend increase for 2007/08 and 8% annual increases targeted through to 31 March 2012
£1,326m of value returned to shareholders through the share buy-back programme ...
18 January 2008
National Grid Property - to be retained
National Grid plc (“National Grid”) has decided, after conducting a market testing exercise, to retain its UK property business, National Grid Property (NGP).
National Grid Chief ...
17 December 2007
First US Corporate Social Responsibility Report
International energy delivery company National Grid (LSE: NG. NYSE: NGG) today published its first U.S. corporate social responsibility report, based on the three themes of climate change, safety and ...
29 November 2007
National Grid welcomes McKinsey and Company's key report on opportunities for reducing greenhouse gases, calls for more to be done to tackle climate change
WESTBOROUGH, MASS., Nov. 29, 2007 – International energy delivery company National Grid (LSE: NG. NYSE: NGG) today welcomed the publication of an independent report published by McKinsey & ...
15 November 2007
Interim results - Statement for the six months ended 30 September 2007
"National Grid continues to make significant progress. We are delivering on all fronts of our strategy and have produced an excellent financial performance in this period.
24 August 2007
Completion of the acquisition of KeySpan
National Grid is pleased to announce that it has completed the acquisition of KeySpan.
24 August 2007
Acquisition of KeySpan
National Grid is pleased to announce that it will complete the acquisition of KeySpan today.
The New York State Public Service Commission (NYPSC) unanimously voted to approve the transaction on 22 ...
22 August 2007
Update on National Grid acquisition of KeySpan
National Grid announces that the New York State Public Service Commission (NYPSC) has today unanimously voted to approve the acquisition of KeySpan.
This follows the settlement in principle ...
06 July 2007
Update on National Grid's acquisition of KeySpan
National Grid is pleased to announce that it has reached an agreement in principlewith the staff of the New York State Department of Public Service and several otherparties regarding the acquisition ...
17 May 2007
Preliminary results for the year ended 31 March 2007
Steve Holliday, Chief Executive, said:
“This is another set of good results and we are delivering on all fronts of our strategy.
“We achieved an excellent sale price for our wireless ...
09 May 2007
National Grid outlines principles of a low carbon energy market
Security of supply and climate change can be tackled together;
Incentives needed to help customers reduce energy demand and help fuel-poor
Encouraging investment in low carbon energy sources ...
15 December 2006
UK Regulatory Price Controls: Final Proposals
National Grid has today accepted in principle Ofgem’s final proposals for the Transmission Owner Price Control for the five years from 1 April 2007.
Steve Holliday, Chief Executive Designate, ...
16 November 2006
Interim results - Statement for the six months ended 30 September 2006
Sir John Parker, Chairman, said:
“Over the last five years National Grid has consistently delivered good results and today’s announcement is no exception – this performance is to the credit of our ...
03 October 2006
Close period trading update for the six months ending 30 September 2006
National Grid plc is today issuing its close period trading update ahead of announcing its interim results on Thursday 16 November 2006.
We expect to deliver strong growth in profit before tax* and ...
18 May 2006
Preliminary Results for the year ended 31 March 2006
Results for the year ended 31 March 2006. Strong performance. Positive outlook. £12bn five year investment programme
27 February 2006
National Grid announces agreed acquisition of Keyspan
National Grid and KeySpan today announce that they have reached agreement under which National Grid will acquire KeySpan for $42.00 (£24.00) per share in cash. The terms of the agreement value ...
16 February 2006
National Grid Announces Agreement to Acquire Rhode Island Gas Distribution Business
Rhode Island gas distribution business to be acquired from Southern Union Company for $575m (£329m)
Significantly expands National Grid's gas distribution activities in the Northeastern US ...
30 January 2006
Planned Chief Executive Succession
National Grid plc (“National Grid”) today announces the intention of Roger Urwin, Group Chief Executive, to retire from National Grid at the end of this calendar year and the appointment of Steve ...
10 October 2005
National Grid Renames its Subsidiary Businesses
National Grid plc today announced that its principal businesses will now operate under one unifying name, National Grid.
30 September 2005
Close period trading update for the six months ended 30 Sept 2005
National Grid plc (the “Group”) is today issuing its trading update prior to entering its close period and the announcement of its interim results on Thursday 17 November 2005. These will be the ...
21 September 2005
£200M London connection project is commissioned
National Grid has completed its £200M London infrastructure tunnel project, from Elstree, Hertfordshire to St John’s Wood, north London. This 20km long tunnel contains one of the longest 400kV XLPE ...
26 August 2005
Transco plc - Court ruling
RNS Number:5175Q National Grid PLC 26 August 2005 Transco plc Following a gas explosion in December 1999 in Scotland which caused the tragic deaths of four persons, Transco plc ("Transco") was ...
15 July 2005
National Grid Transco Confirms Grain LNG Importation Terminal is Operational
National Grid Transco (NGT) today announces that its new £130 million Liquefied Natural Gas (LNG) importation terminal at the Isle of Grain in Kent has completed the final stages of commissioning, and ...
31 March 2005
National Grid Transco announces £355 million expansion of Isle of Grain LNG import
18 November 2004
Interim results for the six months ended 30 September 2004
Strong operating performance, particularly from the US
Underlying earnings per share up 10%
Sale of four UK gas distribution networks at a substantial premium to RAV on track
Crown Castle UK – ...
31 August 2004
Sale of four gas distribution networks and proposed £2 billion one off return of capital to shareholders
Four gas distribution networks sold for £5.8 billion in cash plus c. £130m of assumed liabilities:
20 % premium to March 2004 Ofgem RAV *
14 % premium to NGT’s estimated March 2005 RAV
£2 ...
24 August 2004
Update on Crown Castle UK acquisition
National Grid Transco plc is pleased to confirm that it has today completed the acquisition of the UK operations of Crown Castle International, Inc.
16 August 2004
Office of Fair Trading Approval of Crown Castle UK Acquisition
National Grid Transco plc ("NGT") is pleased to note today’s announcement by the Office of Fair Trading (“OFT”) relating to NGT’s proposed acquisition of the UK operations of Crown Castle ...
28 June 2004
National Grid Transco announces acquisition of Crown Castle UK
In line with NGT’s strategy to exploit its network management skills
Places NGT in a leading position in the growing mobile and broadcast infrastructure markets
Pre-synergies: cashflow enhancing ...
25 June 2004
Media Speculation on Potential Acquisition of Crown Castle’s UK Towers Business
NGT confirms that it has entered into discussions with Crown Castle.
Further announcements will be made as appropriate.
20 May 2004
National Grid Transco plc Results for the year ended 31 March 2004
underlying profit before tax up 14% to £1,416 million
delivery of substantial cost savings
strong underlying cashflow from operations of £3.1 billion
net debt down to £12.6 billion ...
20 November 2003
National Grid Transco plc Results for the six months ended 30 September 2003
Strong business performance. Underlying PBT up 19%. Underlying EPS up 23%.
Continued growth underpins enhanced dividend policy
15% increase this year with 7% nominal annual growth targeted ...
27 October 2003
Retirement and appointment of a director to the Board of National Grid Transco
The Board of National Grid Transco (NGT) today announces that Rick Sergel has decided to retire as an Executive Director of NGT, effective next summer.
Rick Sergel was appointed Executive Director ...
27 October 2003
Retirement and appointment of a director to the board of National Grid Transco
The Board of National Grid Transco (NGT) today announces that Rick Sergel has decided to retire as an Executive Director of NGT, effective next summer.
Rick Sergel was appointed Executive Director of ...
24 October 2003
National Grid Transco agrees 20-year capacity contract for Isle of Grain LNG Terminal
National Grid Transco (NGT) today announced that it had agreed a 20 year contract for the sale of the initial capacity at the Isle of Grain Liquefied Natural Gas (LNG) importation terminal with BP / ...
29 September 2003
National Grid Transco Board appointment
Maria, aged 48, served with Morgan Stanley between 1993-2002, most recently as Managing Director of Corporate Finance Retail Group and, prior to this, as Managing Director of Investment Banking in the ...
24 September 2003
National Grid Transco close period trading update for the six months ended 30 September 2003
National Grid Transco plc (the “Group”) is today issuing its trading update prior to entering its close period and the announcement of its interim results on Thursday 20 November 2003.
Group ...
10 September 2003
Report into the August 28 2003 South London Power Failure
A copy of the Executive Summary of this report is attached.
Copies of the full report are being distributed in parallel to this release and are available from our website: www.nationalgrid.com/uk/ ...
29 August 2003
National Grid Transco - Statement Regarding Power Cut in South London
Following yesterday evening’s power failure at 6:20pm, affecting large parts of South London and parts of Kent, there was considerable disruption most obviously to underground and over-ground rail ...
28 August 2003
Statement Regarding Power Cut in South London
National Grid Transco can confirm that electricity was restored to its system at approximately 19:00 hrs this evening. We have done everything possible to protect the network and restore power as ...
21 May 2003
Preliminary Statement of Results for the year ended 31 March 2003
Strong operating performance from all businesses, including first full year contribution from the New York operation
National Grid and Lattice annual merger savings target increased to at least ...
28 April 2003
Group Board appointment and changes to Board responsibilities
The changes represent a further step in the integration of NGT’s operations following last October’s merger of National Grid Group and Lattice Group.
Steven Holliday, currently Group Director ...
03 April 2003
Planning Permission Granted For Isle Of Grain Terminal
National Grid Transco (NGT) has been granted planning permission by Medway Council to convert the existing Isle of Grain terminal into a Liquefied Natural Gas (LNG) importation facility. The terminal ...
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