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National Grid Fiscal Year Pretax Profit +14%; Final Dividend 26.36p

National Grid PLC (NG.LN) Thursday reported a 14% increase in full-year pretax profit, raised the final dividend to 26.36 pence from 25.35 pence a year earlier, in line with guidance, and said it expects its U.K. Transmission capital investment to remain broadly flat year on year.MAIN FACTS:-Revenue in year to March 31 GBP14.4 billion versus GBP13.8 billion-Pretax profit GBP2.92 billion versus GBP2.56 billion +14%-Adjusted pretax profit GBP2.74 billion, + 6% from GBP2.59 billon-Operating profit GBP3.75 billion versus GBP3.54 billion-Adjusted EPS 56.1 pence versus 50.0 pence-Diluted EPS 62.3 pence versus 55.4 pence-Final dividend to 26.36 pence per ordinary share from 25.35 pence in line with policy-Positioned to make strong start to the new eight year regulatory regime-Sees year of good operating performance and dividend growth-Net debt rose to GBP21.4 billion at March 31 from GBP19.6 billion at March 31 2012-Cash GBP671 million versus GBP332 million-Outlook for U.K. Transmission in FY...

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  1. National Grid Adopts New Dividend Policy, FY13 Ahead Of Previous Views

    Electricity and gas company National Grid PLC (NG.LN) Thursday adopted a new dividend policy which aims to grow the ordinary dividend at least in line with the rate ...

  2. Speedy Hire gets National Grid Contract Worth GBP6 Million a Year

    Speedy Hire PLC (SDY.LN), a provider of tool and equipment for hire, said Wednesday its U.K. & Ireland Asset Services division has entered into a contract with Natio...

  3. Shell, Drax Selected As Preferred Bidders In UK CCS Competition

    The U.K. government said Wednesday it had selected a Royal Dutch Shell PLC-led (RDSB.LN) project to capture and store carbon emissions from a gas-fired power plant a...

  4. National Grid : Approval of Upstate New York Rate Case Settlement

    National Grid PLC (NG.LN), an operator of regulated electricity and gas infrastructure networks, said Friday that at an open session meeting conducted on March 14, t...

  5. Telecom Italia Shrugs off Election Woes with Delayed Hybrid Bond

    Telecom Italia SpA (TI) Wednesday is pressing ahead with plans to sell its delayed debut hybrid bond, only the second Italian company to sell debt in the internation...

  6. Renewable Energy Unit REG Bio Extends Contract with National Grid

    Renewable Energy Generation Ltd (WIND.LN), a U.K. renewable energy developer and operator, said Tuesday that its subsidiary REG Bio-Power has successfully extended i...

  7. India Working to Increase Coal Imports, Power-Generation -Minister

    The Indian government is moving to increase coal imports and electricity-generating capacity to reduce a power shortage that is hampering economic growth, Minister f...

  8. National Grid Opens Books on Euro, Sterling Hybrid Bond

    National Grid PLC (NG.LN) opened books on a planned hybrid bond, denominated in euros and sterling, one of the banks involved in the deal said Monday.The euro tranch...

  9. SSE Pulls Plug On Involvement in Scotland-Norway Undersea Cable

    U.K. power generation company SSE PLC (SSE.LN) said Tuesday that it is pulling out of a project to build an undersea cable connecting the electricity grids of Scotla...

  10. National Grid , Ofgem Agree New Price Controls for Next 8 Years

    U.K. gas and electricity network operator National Grid PLC (NGG) said Thursday it has agreed price controls with the country's energy regulator Ofgem that allow 24....

  11. National Grid May Sell Hybrid Bond After Investor Meetings Starting March 4 - Source

    National Grid PLC (NG.LN) may sell a hybrid bond after investor meetings in Asia and Europe starting March 4, a person familiar with the matter said Thursday.The com...

  12. National Grid Agrees All Ofgem's UK RIIO Price Controls Proposals

    National Grid PLC (NG.LN), an international electricity and gas company, said Thursday it has agreed all of the U.K. RIIO price control arrangements proposed by the ...

  1. EARNINGS FORECAST TABLE: National Grid Fiscal Year 2012/13

    The following is a summary of analysts' forecasts for National Grid plc (NG.LN) full year results, based on a poll of four analysts conducted by Dow Jones Newswires ...

  2. PSEG to run most of New York's LIPA utility

    Long Island Power Authority, a state-owned New York utility company that was criticized for its response during last year's Superstorm Sandy, will see most of its op...

  3. Veolia's Dalkia Renews EUR1 Billion Contract in Slovakia

    Dalkia, a joint venture of French utilities Veolia Environnement (VIE.FR) and Electricite de France SA (EDF.FR), Monday said it renewed a contract to manage heat gen...

  4. European Companies Join Forces In Renewable Power-to-Gas Project

    Eleven European companies have joined forces to further the development of power-to-gas, a concept to convert electricity to natural gas that could be used to store ...

  5. LONDON MARKETS: U.K. Stocks Gain 8.7% On The Quarter

    U.K.'s benchmark stock index posted its 10th straight month of gains on Thursday, with InterContinental Hotels Group PLC and Tate & Lyle PLC in the driver's seat aft...

  6. LONDON MARKETS: U.K. Stocks Rise; Miners Track Metals Lower

    Mining firms dropped in London on Thursday, pulled down by lower metals prices, while National Grid PLC rose after adopting a new dividend policy.The FTSE 100 index ...

  7. National Grid Amends Dividend Policy

    National Grid PLC (NG.LN), the U.K. power network operator, Thursday said it will introduce a new policy for its shareholders where its dividend will grow in line wi...

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