Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

National Grid to Invest $5.5 Billion This Year

Don't Miss Out —
Follow us on:

July 29 (Bloomberg) -- National Grid Plc, 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 ldowning4@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.