National Grid, a British utility agency, has its firm headquarters in London, England. Its main operations are inside the UK, the place it owns and manages transmission networks for pure gasoline and electrical power.
One of the most important investor-owned utility corporations on the earth, National Grid plc, has two listings: its American depositary receipts, which might be listed on the New York Stock Exchange, and its main itemizing on the London Stock Exchange, the place it’s a factor of the FTSE 100 Index.
National Grid made the announcement in March 2021 that it supposed to buy Western Power Distribution from PPL Corporation for £7.8 billion and promote its gasoline and electrical neighborhood in Rhode Island, Narragansett Electric Company, to PPL for roughly £2.7 billion. The majority of the UK gasoline transmission agency that National Grid owns may even be purchased.
Who Owns National Grid?
The National Grid is initially owned and maintained by native transmission firms. In addition to working the Power Grid transmission system, the National Grid Group group moreover owns a few native transmission corporations. For Britain, the one gasoline transmission company is the National Grid group.
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