Plus   Neg

National Grid Expects U.S. Asset Growth To Be Over 8% For Medium-term

National Grid plc (NG.L,NGG) said that an Investor teach-in, which will be conducted by the company to provide a detailed understanding of its US regulated businesses, will highlight the company's growth prospects in the US, where asset growth is expected to be over 8% for the medium-term.

The US energy industry needs significant levels of investment to modernise ageing networks, and around 80% of the total US gas and electric investment is to improve asset health and reliability.

In today's presentations, the company will demonstrate how it is creating value through this investment for customers and shareholders with a strong focus on efficiency, affordability and enhancing customer experience.

The second major investment driver in the US is to decarbonize energy and facilitate the growth in renewables.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Apotex Corp. recalled all lots of type 2 diabetes medication Metformin hydrochloride in the form of oral film-coated tablets for the potential presence of nitrosamine impurity, N-Nitrosodimethylamine (NDMA), above levels of the Acceptable Daily Intake Limit (ADI), the U.S. Food and Drug Administration or FDA said in a statement. Groupe Renault plans to cut about 14,600 jobs across the world and lower its production capacity. The plan includes almost 4,600 jobs reduction in France, through voluntary retirement and retraining. Amazon said it will convert 125,000 of the 175,000 temporary workers it hired in March amid the coronavirus pandemic, to permanent full-time employees in June. The e-commerce giant had hired the temporary employees in March to meet strong consumer demand amid the lockdown. The job openings were in Amazon's fulfillment centers and its delivery network.
Follow RTT