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February 09, 2016 3:24 AM ET

Electric Utilities

Company Overview of National Grid Electricity Transmission plc

Company Overview

National Grid Electricity Transmission plc owns and operates regulated electricity transmission networks in the United Kingdom. The company owns and operates high-voltage electricity transmission network in England and Wales; and operates two electricity transmission networks in Scotland. Its electricity transmission network comprises approximately 7,200 kilometers of overhead line; 1,500 kilometers of underground cable; and 336 substations. The company was incorporated in 1989 and is based in London, the United Kingdom. National Grid Electricity Transmission plc operates as a subsidiary of National Grid plc.

1-3 Strand

London,  WC2N 5EH

United Kingdom

Founded in 1989

3,270 Employees

Key Executives for National Grid Electricity Transmission plc

Head of Process - Maintain
Global Head of Business Resilience & Continuity
Head of RIIO Delivery
Head of Process - Operate the System
Head of Process - Emergency Response & Repair
Compensation as of Fiscal Year 2015.

National Grid Electricity Transmission plc Key Developments

National Grid Electricity Transmission plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2015

National Grid Electricity Transmission plc reported unaudited consolidated earnings results for the six months ended September 30, 2015. For the period, the company reported revenue of £1,954 million compared to £1,745 million a year ago. Total operating profit was £610 million compared to £688 million a year ago. Total profit before tax was £553 million compared to £598 million a year ago. Profit attributable to owners of the parent was of £440 million compared to £470 million a year ago. Net cash inflow from operating activities was of £575 million compared to £771 million a year ago. Purchases of property, plant and equipment was of £526 million compared to £444 million a year ago. Purchases of intangible assets were of £23 million compared to £17 million a year ago. Adjusted profit before tax was £548 million compared to £549 million a year ago. Capital investment was £514 million compared to £514 million a year ago.

National Grid Presents at 8th annual Appalachian Oil & Gas Conference, Oct-15-2015 03:45 PM

National Grid Presents at 8th annual Appalachian Oil & Gas Conference, Oct-15-2015 03:45 PM. Venue: Sheraton Pittsburgh Hotel at Station Square, 300 W Station Square Dr., Pittsburgh, PA 15219, Pennsylvania, United States. Speakers: Timothy J. Brennan, Director, Regulatory Strategy.

National Grid and the Union Reaches Tentative Agreement

Three hours before a midnight strike deadline, National Grid and the union representing nearly 1,200 natural gas and power plant workers announced that a tentative agreement had been reached. The negotiations lasted 10 weeks. The union said its members are expected to vote on the tentative agreement within the next two weeks. Union members authorized a possible strike a week ago, but prospects that National Grid would dodge a walkout brightened February 13, 2015 afternoon. National Grid said it had made preparations to ensure there were no outages if it failed to reach an accord with its workers.

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