QUOTE AND NEWS
SeekingAlpha  May 15  Comment 
National Grid plc (NGG) Q4 2014 Earnings Conference Call May 15, 2014, 04:15 AM ET Executives John Dawson - Head of Investor Relations Andrew Bonfield - Finance Director Steve Holliday - Chief Executive Tom King - Executive...
newratings.com  May 7  Comment 
LONDON (dpa-AFX) - National Grid plc (NG.L, NGG) reported statutory pretax profit of 2.75 billion pounds for the year ended 31 March 2014, compared to 2.71 billion pounds, previous year. Profit attributable to equity shareholders of the parent...
Market Intelligence Center  May 5  Comment 
National Grid Transco PLC (NGG) traded between $70.42 and $70.91 before closing at $70.72 Friday and presents some attractive trading opportunities today. MarketIntelligenceCenter.com’s patented algorithms selected a Dec. '14 $70.00 covered call...
The Hindu Business Line  Mar 26  Comment 
The shares of CMC which rose 2.4 per cent on Wednesday could get boost from the announcement that the company has won a legal case against the Kuwait Stock Exchange (KSE). The exchange wil...
Benzinga  Mar 25  Comment 
Analysts at Imperial Capital initiated coverage on shares of FireEye (NASDAQ: FEYE) with an “in-line” rating. The target price for FireEye is set to $68. FireEye's shares closed at $63.50 yesterday. Goldman Sachs initiated coverage on...
Mondo Visione  Mar 19  Comment 
Dr. Mohammad Omran, Chairman of The Egyptian Exchange (EGX), met today with a delegation from Khartoum Stock Exchange (KSE), headed by Azhari El Tayeb, General Manager of KSE. The meeting addressed the activation of the Memorandum of Understanding...
Clusterstock  Feb 6  Comment 
ISLAMABAD (Reuters) - Pakistan's Karachi Stock Exchange is investigating whether staff profited from years of unauthorized access to real time trading data in a market that has rocketed more than 450 percent since 2009. The potential breach...
StreetInsider.com  Jan 31  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/HSBC+Upgrades+National+Grid+%28NGG%29+to+Overweight/9110405.html for the full story.
SeekingAlpha  Jan 30  Comment 
ByJon Parepoynt: Yesterday, New York State utility regulators, the Public Service Commission, froze National Grid (NGG) electricity rates due to what they call "unusual price spikes." In addition, the PSC has authorized NGG to provide upwards of...
SeekingAlpha  Jan 30  Comment 
By Nasser Khraishi: In this article we travel "across the pond" and examine National Grid (NGG). Trading international stocks is not for the fainthearted, even though in the case of National Grid, I trade the American Depository Receipts (ADRs)...




 

National Grid Transco (NYSE: NGG) is one of the largest utilities companies in the world. The company operates 4,300 miles of gas transmission pipelines, 93,800 miles of gas utilities infrastructure, and 71,000 circuit miles of electric utilities infrastructure. All of the company's operations are subject to rate regulations from the national governments of the United States and United Kingdom, as well as numerous U.S. state governments; this guarantees the company relatively steady income (averaged across its regulatory bodies, NGG's utilities companies earn a return on equity of 11%) but it also makes it difficult for National Grid to adjust when costs rise, as passing them on to consumers requires a lengthy lobbying process without the guarantee of success.

The Company owns electricity transmission networks in the United Kingdom and Wales, and operates the system across Great Britain. It also owns and operates high pressure gas transmission systems in the United Kingdom, and its distribution business delivers gas to 11 million homes and businesses. In the United States, National Grid delivers electricity to approximately 3.3 million customers in Massachusetts, New Hampshire, New York and Rhode Island, and manages the electricity network on Long Island. The Company is the distributor of natural gas in the northeastern United States, serving approximately 3.4 million customers in Massachusetts, New Hampshire, New York and Rhode Island.[1]

The company operates in 20 different regulatory regions, diluting the individual decisions of any one body in the company's larger revenue pool. National Grid is also looking to its aging infrastructure to spur earnings growth; as pipelines and cabling need to be replaced, the value of the company's assets will rise, bringing up the total value of the company's allowed returns with it. National Grid doesn't have any real competitors within its markets because the high cost of infrastructure for utilities companies means that the business creates natural, regional monopolies.

Company Overview

National Grid plc engages in the transmission and distribution of electricity and gas in the United Kingdom and the United States. The company owns and operates high-voltage electricity transmission systems in England and Wales, as well as high pressure gas transmission systems in Britain and electricity transmission systems in the northeastern United States. It offers its services to generators, distributors, suppliers, interconnector users, and directly-connected customers in the United Kingdom, as well as to other industrial, commercial, and domestic consumers.

Wait, I cannot fhatom it being so straightforward.

Business Segments

Transmission

The Company owns and operates the electricity transmission network in the United Kingdom, the gas transmission network in Great Britain, and electricity transmission networks in the northeastern United States. It is also responsible for the operation of the electricity transmission networks in Scotland. The transmission business operates in both United Kingdom and United States.

National Grid owns the electricity transmission system in England and Wales. The electricity assets comprise approximately 7,200 kilometers of overhead line, about 690 kilometers of underground cable and 337 substations at 241 sites. It owns the gas national transmission system in the United Kingdom. It comprises approximately 7,600 kilometers of high pressure pipe and 26 compressor stations, connecting to eight distribution networks and to third party independent systems for onward transportation of gas to the consumers.

It operates the gas national transmission system. The Company owns and operates the United Kingdom assets and a portion of the subsea cables, which comprises the electricity interconnector between the United Kingdom and France as part of a joint arrangement with the French transmission operator. It owns and operates four liquefied natural gas (LNG) storage facilities in the United Kingdom.

The Company owns and operates an electricity transmission network of approximately 13,800 kilometers spanning upstate New York, Massachusetts, Rhode Island, New Hampshire and Vermont. The United States electricity transmission facilities operate at voltages ranging from 69 kV to 345 kV, utilizing nearly 13,700 kilometers of overhead line, nearly 140 kilometers of underground cable and 524 substations.

It owns and operates a 224 kilometer direct current transmission line rated at 450 kV that is a key section of an interconnector between New England and Canada. It works with two independent system operators in New England and New York.

Gas Distribution

The Company owns and operates gas distribution systems in the United Kingdom and the northeastern United States. The Gas Distribution UK segment comprises four of the eight regional gas distribution networks in Great Britain. The networks comprise approximately 132,000 kilometers of gas distribution pipelines. It also transports gas on behalf of approximately 25 active gas shippers from the gas national transmission system to around 10.8 million consumers.

The Gas Distribution US segment comprises gas distribution networks providing services to around 3.5 million consumers across the north-eastern United States, located in service territories in upstate New York, New York City, Long Island, Massachusetts, New Hampshire and Rhode Island. The network of approximately 58,000 kilometers of gas pipelines covers an area of approximately 26,400 square kilometers.

Electricity Distribution & Generation

The Company, through electricity distribution networks serve approximately 3.4 million electricity customers over a network of approximately 116,700 circuit kilometers (72,500 miles) in New England and New York. The electricity distribution system spans upstate New York, Massachusetts, Rhode Island and New Hampshire, which, together with the system on Long Island owned by the Long Island Power Authority (LIPA), provides energy to homes, small businesses, and large commercial and industrial enterprises.

Free knowledge like this doesn't just help, it promote demrocacy. Thank you.

I feel satisfied after redanig that one.

Competition

High infrastructure costs make NGG a monopolist utility in the regions it services, though government regulation keeps the company from exploiting customers with high prices.

Other American gas utilities include

  • AGL Resources - AGL Resources operates gas delivery services in Florida, Georgia, Maryland, New Jersey, Tennessee, and Virginia, and has close relationships with twelve different gas marketing companies.
  • Atmos Energy - Atmos operates in Texas, Kentucky, Louisiana, Mississippi, Colorado, Kansas, Tennessee, Georgia, Illinois, Iowa, Missouri, and Virginia. It is not only a gas utility but also a natural gas marketing, pipeline, and storage company.
  • Energen - Energen is an energy holding company that operates in businesses ranging from oil exploration and production to natural gas marketing and distribution. Its utilities business is the largest gas distributor in Alabama.
  • Equitable Resources - Equitable Resources is a vertically integrated natural gas company that operates from the upstream to natural gas distribution. Its gas utilities operate in Pennsylvania, West Virginia, and Kentucky.
  • ONEOK - ONEOK is a transport and distribution company that acts as a utility in Oklahoma, Kansas, and Texas.
  • National Fuel Gas Company - NFG is a diversified natural gas company that does exploration, production, transportation, marketing, and distribution of gas; its utilities segment operates in New York and Pennsylvania.
  • Sempra Energy - Sempra is a gas and electric utilities company in California.
  • Southern Union Company - Southern Union operate natural gas storage and transport services, and produces and refines natural gas; its utilities business operates in Missouri and Massachusetts.

In the complicated world we live in, it's good to find simple solutonis.

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