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    NG.   GB00BDR05C01

NATIONAL GRID PLC

(NG.)
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National Grid Files Rate-Settlement Proposal for New York Gas Distribution

05/17/2021 | 02:28am EDT

By Jaime Llinares Taboada

National Grid PLC said Monday that it has filed a joint proposal for a three-year rate settlement for its New York gas distribution businesses.

The British energy infrastructure company said the settlement has been filed with the Department of Public Service Staff and other settling parties, proposing new rates back-dated to April 2020. A final decision from the New York Public Service Commission is expected later this summer.

"The settlement maintains focus on managing customer affordability in response to the economic downturn caused by Covid-19, while funding programmes necessary to maintain safe and reliable service, modernise the gas networks, and promote economic growth in the State," National Grid said.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

05-17-21 0227ET

Stocks mentioned in the article
ChangeLast1st jan.
NATIONAL GRID PLC -1.44% 919 Delayed Quote.6.23%
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Financials
Sales 2022 15 345 M 21 414 M 21 414 M
Net income 2022 2 221 M 3 100 M 3 100 M
Net Debt 2022 37 478 M 52 302 M 52 302 M
P/E ratio 2022 14,7x
Yield 2022 5,46%
Capitalization 32 670 M 45 624 M 45 592 M
EV / Sales 2022 4,57x
EV / Sales 2023 4,34x
Nbr of Employees 23 683
Free-Float 92,9%
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Technical analysis trends NATIONAL GRID PLC
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TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 17
Last Close Price 918,90 GBX
Average target price 1 022,38 GBX
Spread / Average Target 11,3%
EPS Revisions
Managers and Directors
NameTitle
John Mark Pettigrew Chief Executive Officer & Executive Director
Andrew Jonathan Agg Chief Financial Officer & Executive Director
Paula Rosput Reynolds Chairman
Adriana Karaboutis Group Chief Information & Digital Officer
Lisa M. Lambert Chief Technology & Innovation Officer
Sector and Competitors
1st jan.Capitalization (M$)
NATIONAL GRID PLC6.23%45 624
ELECTRICITÉ DE FRANCE-11.24%43 339
SEMPRA ENERGY6.40%41 463
ENGIE-7.59%33 753
E.ON SE8.70%30 836
PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED2.26%30 114