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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| National Grid Plc | LSE:NG. | London | Ordinary Share | GB00BDR05C01 | ORD 12 204/473P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -6.00 | -0.57% | 1,048.00 | 1,047.50 | 1,048.00 | 1,061.50 | 1,045.00 | 1,058.00 | 7,901,497 | 16:29:55 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Combination Utilities, Nec | 24.25B | 7.8B | 2.1140 | 4.96 | 38.65B |
From May 2019 to May 2024
LONDON--National Grid PLC (NG.LN) said Monday the New York Public Service Commission has issued an order approving a capital investment petition for $1.3 billion for its Niagara Mohawk utility, resulting in two additional years at current rates for customers.
The petition provides incremental revenues of $50 million in fiscal 2017 and $90 million in fiscal 2018, with no increase to customer bills through the use of deferred credits, National Grid said.
The natural-gas and electricity network operator said it has also received authority to issue up to $2.07 billion of new long-term debt for: refinancing maturing debt; replacing variable debt with fixed-interest debt; financing the capital needs of the business and for general corporate purposes.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet
(END) Dow Jones Newswires
May 23, 2016 13:04 ET (17:04 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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