National Grid to Invest $5.5 Billion This Year

National Grid Plc (NG/), the operator of energy networks in the U.K., expects to invest 3.6 billion pounds ($5.5 billion) to 3.9 billion pounds in the current fiscal year.

The company, which today reported a “solid” financial performance for the four-month period from April 1, said the investment is consistent with its plan to grow its regulated assets by about 6 percent a year over the “next few years.”

It plans to invest 1.3 billion pounds to 1.4 billion pounds a year in the U.S. in transmission investments, upgrades to existing infrastructure and the connection of new customers, it said today in a statement. The network operator said there have been no “material changes” to its financial performance from April.

To contact the reporter on this story: Louise Downing in London at

To contact the editor responsible for this story: Reed Landberg at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.