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May 05, 2015 4:35 AM 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; and serves an area of approximately 10,700 square kilometers in the Yorkshire, Derbyshire, Nottinghamshire, Lincolnshire, and Lancashire counties. 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 is a subsidiary of Yorkshire Electricity Group plc.

Lloyds Court

78 Grey Street

Newcastle upon Tyne,  NE1 6AF

United Kingdom

Founded in 2000

1,187 Employees

Key Executives for Northern Powergrid (Yorkshire) plc

Chief Executive Officer, President and Director
Age: 46
Finance Director and Executive Director
Age: 43
Head of Safety, Health and Environment
Head of Finance Development & Systems
Head of Field Change
Compensation as of Fiscal Year 2014.

Northern Powergrid (Yorkshire) plc Key Developments

Northern Powergrid (Yorkshire) plc Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2014

Northern Powergrid (Yorkshire) plc reported audited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue was £434,772,000 compared to £391,974,000 a year ago. Operating profit was £231,905,000 compared to £198,792,000 a year ago. Profit before income tax was £191,587,000 compared to £158,806,000 a year ago. Profit for the year was £150,629,000 compared to £143,732,000 a year ago. Net cash from operating activities was £201,574,000 compared to £191,996,000 a year ago. Purchase of tangible fixed assets was £253,897,000 compared to £261,498,000 a year ago. The Company's revenue higher than the prior year mainly due to the five-year profile of allowed revenues inherent in the DPCR5 price control formula.

Northern Powergrid (Yorkshire) plc Reports Audited Earnings Results for the Year Ended December 31, 2013

Northern Powergrid (Yorkshire) plc reported audited earnings results for the year ended December 31, 2013. For the period, the company reported revenue of £391,974,000 compared to £378,942,000 for the same period last year. The company's operating profit was £0.8 million higher than the previous year reflecting increased revenue, partly offset by the rebate to electricity suppliers and increases in some operating costs such as depreciation and vegetation management costs. Operating profit was £198,792,000 compared to £197,994,000 for the same period last year. Profit before income tax was £158,806,000 as compared to £157,847,000 for the same period last year. Profit for the year was £143,732,000 as compared to £145,281,000 for the same period last year. Net cash flow from operating activities was £191,996,000 compared to £174,366,000 for the same period last year. Purchase of property, plant & equipment was £261,498,000 as compared to £208,867,000 for the same period last year.

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