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National Grid

British multinational electricity and gas utility company

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Company Information

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, providing both to customers in New York and Massachusetts.

National Grid plc is one of the largest investor-owned utility companies in the world; it has a primary listing on the London Stock Exchange where it is a constituent of the FTSE 100 Index, and a secondary listing in the form of its American depositary receipts on the New York Stock Exchange.

In 2022, National Grid announced plans to divest a 60% stake in its UK gas transmission and metering business to a consortium including Macquarie Asset Management and British Columbia Investment Management Corporation. The deal was completed on 31 January 2023, forming a new entity named National Gas. The deal was worth around £2.2 billion for National Grid.

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