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National Grid plc is a British multinational electricity and gas utility company headquartered in London, England. Its principal activities are in the United Kingdom, where it owns and operates electricity and natural gas transmission networks, and in the Northeastern United States, where as well as operating transmission networks, the company produces and supplies electricity and gas ...
Final Transfer Value (£m) OFTO License Award Date Tender Round 1 Robin Rigg: E.ON: 180: 65.5: Transmission Capital Partners 2 March 2011 Gunfleet Sands: Ørsted: 173: 49.5: Transmission Capital Partners 19 July 2011 Barrow: Ørsted and Centrica: 90: 33.6: Transmission Capital Partners 27 September 2011 Walney 1: Ørsted, SSE and OPW: 184: 105 ...
Agreement was reached in July 2024 for Macquarie to buy National Grid's stake, giving Macquarie full ownership in the first quarter of 2025 subject to regulatory approval. [43] The changing ownership of the NTS reflects developments and corporate changes in the UK's gas and energy industries. Gas Council and area boards, 1962 – 31 December 1972
The investment details come after National Grid sold the Electricity System Operator (ESO) – which manages the UK’s electricity supply – back to the Government for £630 million in September.
On the breakup of the CEGB in 1990, the ownership and operation of the National Grid in England and Wales passed to National Grid Company plc, later to become National Grid Transco, and now National Grid plc. In Scotland the grid was already split into two separate entities, one for southern and central Scotland and the other for northern ...
Cadent Gas is a British regional gas distribution company that owns, operates and maintains the largest natural gas distribution network in the United Kingdom, transporting gas to 11 million homes and businesses across North West England, West Midlands, East Midlands, East of England and North London.
The DOE has narrowed down an initial list of national interest corridors to three from 10. The designation would allow the federal government to expedite the development of grid expansion projects.
Western Power Distribution was a subsidiary of PPL for many years. [5] In August 2020, PPL announced an intention to sell WPD. [6] In March 2021, PPL announced a swap with National Grid in which it divested WPD and acquired Narragansett Electric of Rhode Island. [7]