“Market Cap $49.63 B As of May 2014
At a Glance
- Industry: Natural Gas Utilities
- Founded: 1990
- Country: United Kingdom
- CEO: Steve Holliday
- Website: www.nationalgrid.com
- Employees: 25,224
- Sales: $23.4 B
- Headquarters: London
- #400 in Sales
- #161 in Profit
- #298 in Assets
- #200 in Market value
National Grid Plc is an international electricity and gas company that owns and manages the grids to which many different energy sources are connected. The company operates through four segments: UK Transmission, UK Gas Distribution, U.S. Regulated and Other Activities. The UK Transmission segment engages in electricity transmission in England and Wales. The day-to-day operations of the system involves the continuous real-time matching of demand and generation output. This segment owns and operates the gas national transmission system in Great Britain. The UK Gas Distribution segment owns and operates regional gas distribution network in Great Britain. It transports gas from the gas national transmission system. The U.S. Regulated segment owns and operates electricity distribution networks in upstate New York, Massachusetts, and Rhode Island. The Other Activities segment includes, Grain LNG, BritNed, metering, UK property, Xoserve, U.S. non-regulated businesses and corporate activities. National Grid was founded on July 11, 2000 and is headquartered in London, the United Kingdom.“
“National Grid history
National Grid is dedicated to being the world’s premier network utility, primarily focused on delivering energy safely, reliably and efficiently.
We own the high-voltage electricity transmission system in England and Wales and operate the system across Great Britain. We also own and operate the high pressure gas transmission system in Britain. In addition, we have electricity transmission systems in the northeastern US.
Our local distribution networks deliver gas to around 11 million consumers in an area covering approximately a quarter of Great Britain.
National Grid in the US:
National Grid delivers electricity to approximately 3.3 million customers in Massachusetts,New York and Rhode Island.
We will operate and maintain the distribution system on Long Island, under an agreement with the Long Island Power Authority (LIPA), until December 2013, and own over 4,000 megawatts of contracted electricity generation, providing power to overone million LIPA customers.
We also have a number of businesses operating in related areas such as metering and interconnectors.
All our networks are highly complex, requiring a unique mixture of skills, experience and planned investment.”
*Information from Forbes.com and Nationalgrid.com
**Video published on YouTube by “National Grid UK“