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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  National Grid plc    NG.   GB00BDR05C01


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National Grid : joins call for a clean, inclusive and resilient economic recovery plan

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06/01/2020 | 04:46am EDT
National Grid joins call for a clean, inclusive and resilient economic recovery plan

01 Jun 2020

National Grid CEO John Pettigrew has joined over 200 business leaders in a call to the Prime Minister to deliver a Covid-19 recovery plan that builds back a more inclusive, stronger and more resilient UK economy.

Published today, the open letter offers support to the Government in tackling the present health crisis and urges Prime Minister Boris Johnson to provide clear vision for recovery efforts that align with the UK's wider social, environmental and climate goals.

John Pettigrew said: 'We've been working hard to play our part in keeping the power and gas flowing to the UK's homes and hospitals throughout the pandemic, while continuing to deliver critical infrastructure projects that will ensure our energy networks are fit for the future.

'We've estimated that the energy sector alone will need hundreds of thousands of new recruits as we work towards Net Zero and believe that an economic recovery with climate action at its heart will be key to unlocking these opportunities.'

Read the full letter here - https://www.corporateleadersgroup.com/reports-evidence-and-insights/pdfs/final-290520-business-groups-ceo-resilient.pdf

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Notes for editors

Notes to Editors:
National Grid is pivotal to the energy systems in the UK and the north eastern United States. We aim to serve customers well and efficiently, supporting the communities in which we operate and making possible the energy systems of the future.

National Grid in the UK:
  • We own and operate the electricity transmission network in England and Wales, with day-to-day responsibility for balancing supply and demand. We also operate, but do not own, the Scottish networks. Our networks comprise approximately 7,200 kilometres (4,474 miles) of overhead line, 1,500 kilometres (932 miles) of underground cable and 342 substations.
  • We own and operate the gas National Transmission System in Great Britain, with day-to-day responsibility for balancing supply and demand. Our network comprises approximately 7,660 kilometres (4,760 miles) of high-pressure pipe and 618 above-ground installations.
  • As Great Britain's System Operator (SO) we make sure gas and electricity is transported safely and efficiently from where it is produced to where it is consumed. From April 2019, Electricity System Operator (ESO) is a new standalone business within National Grid, legally separate from all other parts of the National Grid Group. This will provide the right environment to deliver a balanced and impartial ESO that can realise real benefits for consumers as we transition to a more decentralised, decarbonised electricity system.
  • Other UK activities mainly relate to businesses operating in competitive markets outside of our core regulated businesses; including interconnectors, gas metering activities and a liquefied natural gas (LNG) importation terminal - all of which are now part of National Grid Ventures. National Grid Property is responsible for the management, clean-up and disposal of surplus sites in the UK. Most of these are former gas works.
Find out more about the energy challenge and how National Grid is helping find solutions to some of the challenges we face at https://www.nationalgrid.com/group/news
National Grid undertakes no obligation to update any of the information contained in this release, which speaks only as at the date of this release, unless required by law or regulation.


National Grid plc published this content on 01 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2020 08:45:09 UTC

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Sales 2020 15 388 M 19 084 M 19 084 M
Net income 2020 1 963 M 2 435 M 2 435 M
Net Debt 2020 28 341 M 35 150 M 35 150 M
P/E ratio 2020 16,2x
Yield 2020 5,26%
Capitalization 32 501 M 40 114 M 40 309 M
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EV / Sales 2020 3,95x
Nbr of Employees 22 576
Free-Float 92,5%
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John Mark Pettigrew Chief Executive Officer & Executive Director
Peter Oliver Gershon Chairman
Andrew Jonathan Agg Chief Financial Officer & Executive Director
Adriana Karaboutis Group Chief Information & Digital Officer
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