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National Grid's Final Report Says Lightning Strike, Power Plant Trips Led To Aug. 9 Outages
National Grid Updates On Tender Offer Results Of NGG Finance Plc
National Grid Says Co Opposes Proposed Changes To Methane Emission Regulations
National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company's segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain's gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York. Its other activities relate to non-regulated businesses and other commercial operations not included within the above segments.
Non-Executive Chairman of the Board
Chief Executive Officer, Executive Director
Chief Financial Officer, Executive Director
Group Chief Information and Digital Officer
Group General Counsel, Company Secretary
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Systems that secure Britain's power supplies and keep trains running should be reviewed after a blackout caused by a lightning strike and unexpected power outages last month created travel chaos, the grid operator said on Tuesday.
A lightning strike on a transmission circuit and power plant trips on Aug. 9 led to 1.1 million homes in Britain sufferinga power outage, National Grid informed Britain's energy regulator in its final report on Tuesday.
* Final National Grid report on incident by Sept. 6 (Adds more detail; bullet points; related content)
Germany's Siemens will supply and install equipment for two converter stations as part of the Viking Link project, Britain's National Grid and Energinet of Denmark announced on Tuesday.
The New York State Public Service Commission on Thursday said National Grid Plc <NG.L> is facing possible financial penalty after an investigation found that two of its gas utilities failed to comply with safety rules related to gas infrastructure work in their service territories...
** Shares of the utility firm up ~1.1% at 827.7p after Bernstein upgrades to 'outperform' from 'market perform'
* National Grid investors could legally challenge Labour plan: CEO
National Grid Plc, which runs Britain's energy systems, on Thursday reported an 18% fall in its annual operating profit on costs related to storms in the United States, while it faces plans of re-nationalisation of energy utilities back home.
National Grid Plc, which runs Britain's energy systems, on Thursday reported an 18% fall in its annual operating profit on costs related to storms in the United States.
A plan by Britain's opposition Labour party to take the country's energy networks back into state ownership would damage investment and delay the move to greener energy sources, National Grid said on Wednesday.
* Report rekindles investor worries about Labour Party policy
National Grid shares fell more than 3 percent on Thursday after the BBC reported that Britain's main opposition Labour party is preparing to announce plans to renationalise the utility.
National Grid, which runs Britain's energy systems, said on Tuesday that electricity and gas flows from continental Europe would continue as normal even under a no-deal Brexit as it has made preparations for all scenarios.
Electricity and gas utility company National Grid Plc said on Thursday it agreed to buy U.S-based utility-scale wind and solar energy developer Geronimo Energy for at least $100 million.
A new power cable between Britain and Belgium, which has the capacity to provide power for one million homes, began operations on Thursday, the UK's National Grid said.
The first electricity power link connecting Britain and Belgium is due to start operation in the first quarter of 2019, with construction now complete, Britain's National Grid said on Wednesday.
Electricity and gas utility company National Grid Plc reported a 6 percent fall in half-yearly underlying operating profit on Thursday, hurt in part by lower profit from its U.S. units where a string of storms raised costs.
Britain's energy market regulator has given the go-ahead to National Grid <NG.L> to build a power grid upgrade to connect the new Hinkley Point C nuclear power station in Somerset.
Britain's gas and electricity markets regulator Ofgem has launched an investigation into National Grid Plc's UK transmission business, looking at its obligations to produce and publish appropriate forecasts of demand.
British power grid operator National Grid <NG.L> was optimistic about its growth prospects after the company reported stronger than expected full-year profit.
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