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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -3.00 | -0.27% | 1,114.00 | 1,114.00 | 1,114.50 | 1,127.50 | 1,114.00 | 1,121.00 | 5,148,779 | 16:29:56 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Combination Utilities, Nec | 24.25B | 7.8B | 2.1140 | 5.27 | 41.09B |
From May 2019 to May 2024
By Oliver Griffin
National Grid PLC (NG.LN) said it has submitted a request to regulators in Massachusetts seeking an increase in annual revenue and another request to New York authorities asking for further capital investment.
The power company said it filed a request to the Massachusetts Department of Public Utilities to update electricity-distribution rates for its Massachusetts Electric business.
National Grid is seeking an increase of around $70 million a year in revenue to cover increased operating costs and a return on equity of 10.5%.
The increase will support annual capital expenditure of $300 million and will begin in October 2019 if approved, the company said.
In New York, National Grid has filed a request for capital investment of $650 million the New York Public Service Commission so it can install 1.7 million electric advanced-metering infrastructure meters and 640,000 gas modules across its Niagara Mohawk business between 2021 and 2024.
Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin
(END) Dow Jones Newswires
November 16, 2018 02:44 ET (07:44 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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