December 07, 2016 11:21 PM ET

Electric Utilities

Company Overview of Northern Powergrid (Yorkshire) plc

Company Overview

Northern Powergrid (Yorkshire) plc distributes electricity in the United Kingdom. It distributes electricity to approximately 2.3 million customers in Yorkshire, Derbyshire, Nottinghamshire, Lincolnshire, and Lancashire counties through a distribution network of approximately 53,000 kilometers of overhead and underground cables, and approximately 35,000 substations. The company was formerly known as Yorkshire Electricity Distribution plc and changed its name to Northern Powergrid (Yorkshire) plc in October 2011. The company was incorporated in 2000 and is based in Newcastle upon Tyne, the United Kingdom. Northern Powergrid (Yorkshire) plc operates as a subsidiary of Northern Powergrid Holdin...

Lloyds Court

78 Grey Street

Newcastle upon Tyne,  NE1 6AF

United Kingdom

Founded in 2000

1,213 Employees

Key Executives for Northern Powergrid (Yorkshire) plc

Chief Executive Officer, President and Director
Age: 48
Finance Director and Executive Director
Age: 45
Business Development Director, Managing Director of Integrated Utility Services and Director
Head of Finance Development & Systems
Head of Field Change
Compensation as of Fiscal Year 2016.

Northern Powergrid (Yorkshire) plc Key Developments

Northern Powergrid (Yorkshire) plc Reports Unaudited Earnings Results for the Half Ended June 30, 2016

Northern Powergrid (Yorkshire) plc reported unaudited earnings results for the half year ended June 30, 2016. For the period, the company reported revenue of £206.6 million compared to £218.1 million reported last year. Operating profit was £101.3 million against £112.3 million reported last year. Profit before income tax was £78.1 million against £91.1 million reported last year. Profit from ordinary activities after tax was £62 million against £72.3 million reported last year. Net cash from operating activities was £96.4 million against £95.4 million reported last year. Purchase of property, plant and equipment was £117.6 million against £154.2 million reported last year. Revenue was £11.5 million lower than for the six months ended 30 June 2015 mainly due to reduced Distribution Use of System revenue when compared to the previous year. Profit before tax was £13.0 million lower than the six months ended 30 June 2015 mainly as a result of lower DUoS revenue.

Northern Powergrid (Yorkshire) plc Reports Audited Earnings Results for the Year Ended Dec. 31, 2015

Northern Powergrid (Yorkshire) plc reported audited earnings results for the year ended Dec. 31, 2015. For the year, the company reported revenue of £420,220,000 compared to £434,772,000 reported last year. Operating profit was £204,931,000 against £231,905,000 reported last year. Profit before income tax was £162,511,000 against £191,587,000 reported last year. Profit for the year was £146,659,000 against £150,629,000 reported last year. Net cash from operating activities was £196,802,000 against £201,574,000 reported last year. Purchase of tangible fixed assets was £279,004,000 against £253,897,000 reported last year.

Northern Powergrid (Yorkshire) plc Reports Earnings Results for the Half Year Ended June 30, 2015

Northern Powergrid (Yorkshire) plc reported earnings results for the half year ended June 30, 2015. For the period, the revenue was £218.1 million against £213.1 million higher than for the six months ended 30 June 2014 mainly due to higher distribution tariffs under DPCR5 to 31 March 2015, partially offset by reduced tariffs from 1 April 2015 under ED1. Profit before tax was £91.1 million against £92.3 million lower than the six months ended 30 June 2014 mainly as a result of increased depreciation charges and other cost increases, offset by increased revenues. Operating profit was £112.3 million against £112.9 million last year. Profit from ordinary activities after tax was £72.3 million against £72.0 million last year. Net cash from operating activities was £95.4 million against £98.4 million last year. Purchase of property, plant and equipment was £38.0 million against £21.7 million last year.

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