National Grid Maintains Plan to Invest $4.3 Billion in Networks

National Grid Plc (NG/), operator of energy networks in the U.K., will invest 3.5 billion pounds ($4.3 billion) to 3.8 billion pounds in its business in the year ending April 2013.

National Grid has “started the year well”, Chief Executive Steve Holliday said in an interim management statement. There were no material changes to its financial position in the period, he said.

National Grid, based in London. sold its New Hampshire, U.S., energy distribution units, Granite State Electric Co. and Energy North Natural Gas Inc., to Liberty Energy Utilities Corp., for $309 million on July 3, according to the statement.

To contact the reporter on this story: Josephine Forster in London at jforster13@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

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