Acquisition of WPD and strategic repositioning

Our vision is for National Grid to be at the heart of a clean, fair and affordable energy future. That’s why we've announced three strategic transactions to transform National Grid’s positioning and give us an even greater role to play in the journey to net zero.

Repositioning National Grid’s portfolio

We've announced three transactions that, taken together, are going to be transformational for our business. Our £7.8bn acquisition of Western Power Distribution, the UK’s largest electricity distribution network operator, selling our Rhode Island gas and electricity business for an Equity Value of $3.8bn (£2.7bn) and initiating a sale process for a majority stake in our UK Gas transmission and metering business, will enhance our role in the energy transition and drive long term shareholder value.

Read John Pettigrew's thoughts