National Grid expects additional £70mln from ESO as sale approaches
National Grid PLC (LSE:NG.) expects to earn £70 million more than expected from its Electricity System Operator (ESO) mechanism in the first half of its financial year ending on 7 November.
National Grid ESO sale: Will public ownership fix the energy system?
National Grid PLC (LSE:NG.)'s expected sale of its electricity system operating (ESO) will leave control of Britain's energy grid in public hands for the first time since the 1990s.
National Grid system operating wing set for £630mln government takeover
National Grid PLC (LSE:NG.) has announced terms have been agreed for the sale of Britain's electricity system operator (ESO) to the government.
Reasons to Add National Grid Stock to Your Portfolio Right Now
NGG makes a strong case for investment, given its growth prospects, strategic investments and capability to increase shareholders' value through dividend payouts.
National Grid: An Upside Is There, But I'd Wait For A Small Drop
National Grid's dividend cut and funding snag led to a drop in share price, but I see potential for growth and solid yield. I stand by my "Buy" rating for NGG stock, doubled my investment stake following funding needs for this utility. Gas-fueled assets remain core to the UK's needs despite renewable plans.
National Grid says gas demand to surge just as government tries to turn it off
National Grid PLC (LSE:NG.) has warned that gas demand is set to surge by 20% over the rest of the decade to meet demand for electricity in the UK.
National Grid has 70% upside heavyweight Wall St bank suggests
National Grid PLC (LSE:NG.) has up to 70% upside with a fair wind according to a bullish write-up from analysts at JP Morgan ahead of next week's regulatory determinations for the next five years.
National Grid gets 91% rights issue take up
National Grid has received a 91% take up for its £7 billion rights issue, with the shares left unsubscribed to go to the underwriters Barclays and JP Morgan to find buyers or else take them up themselves. Grid's fundraising was seen as a bold move by analysts given the seeming lack of appetite for new equities in London.
National Grid: Rights Issue Highlights Lack Of Compounding
A couple of years after the step down of baseline compensation for the transmission network, the distribution concession is now also seeing lower baseline comp. Transmission is growing because RAB gets indexed to inflation, but a lot of the growth was non-recurring and otherwise has to be financed by large basically obligatory CAPEX. The compensation at fair values by Ofgem means that there's no outstanding compounding engine here. It's why they needed to do a rights issue equity raise.
National Grid says lower risk of blackouts for Brits next winter
Brits can breathe a sigh of relief that they won't be working by candlelight next winter. National Grid PLC (LSE:NG.
National Grid upgraded on improved finances and political outlook
National Grid PLC (LSE:NG.) has been upgraded by brokers as they continue to see positive upsides from the upcoming election, the improved balance sheet and “attractive valuation”.
National Grid rights issue: What are your options?
National Grid PLC (LSE:NG.) launched one of the largest rights issues in recent times last week, to generate £7 billion in fresh cash from existing shareholders.
