National GridNYSE: NGG

BROOKLYN, N.Y. and WALTHAM, Mass.

Ofgem has green-lit a £2 billion funding package to build out the ‘Eastern Green Link 1' (EGL1) subsea cable project. Spanning 196 kilometres, the high-voltage electricity cable will connect Torness in East Lothian, Scotland, to Hawthorn Pit in County Durham, England.

National Grid PLC (LSE:NG.) has received UK regulatory approval for its LionLink and Nautilus electricity interconnections (Offshore Hybrid Assets) to connect gird networks and offshore wind farms based in Dutch and Belgian territorial waters.

National Grid has streamlined its business, focusing on core UK and US electricity and gas networks, enhancing its defensive nature and growth potential. Asset sales and a £7 billion rights issue have reduced debt, lowered finance costs, and provided capital for future investments. The company is poised for low-risk, high-quality asset growth, with underlying earnings per share expected to grow 6-8% CAGR.

National Grid plc (NYSE:NGG ) Q2 2025 Earnings Conference Call November 7, 2024 4:15 AM ET Company Participants Angela Broad - Director, Investor Relations John Pettigrew - Chief Executive Officer Andy Agg - Chief Financial Officer Conference Call Participants Pavan Mahbubani - JPMorgan Deepa Venkateswaran - Bernstein Dominic Nash - Barclays Jenny Ping - Citi Mark Freshney - UBS Rob Pulleyn - Morgan Stanley Ahmed Farman - Jefferies Marcin Wojtal - Bank of America Ingo Becker - Kepler Angela Broad Good morning, and welcome to National Grid's Half Year Results Presentation. I'm Angela Broad, Head of Investor Relations, and it's great to have so many of you on the call today.

National Grid PLC (LSE:NG.) ticked higher as it forecast steady earnings growth over the next five years in spite of a big interim profits drop.

NGG makes a strong case for investment, given its growth prospects, focus on clean energy and capability to increase shareholders' value.

National Grid PLC (LSE:NG.) expects to earn £70 million more than expected from its Electricity System Operator (ESO) mechanism in the first half of its financial year ending on 7 November.

Thousands of employees lend time and talent to local causes BROOKLYN, N.Y. , Sept. 16, 2024 /PRNewswire/ -- More than 1,500 National Grid employees will step away from their desks to volunteer with community organizations and schools as they celebrate the fourth anniversary of the company's Project C initiative.