National Grid Plc

Let's start with a bit of history

In February 1997, shareholders of British Gas approved the demerger of Centrica, as British Gas was renamed BG plc.

Centrica Plc is the company that supplies gas to millions of homes under the British Gas brand name. BG held on to British Gas's transportation and storage business (Transco) and the exploration and production arms, as well as a few other bits and pieces.

In December 1999, BG plc completed a financial restructuring that resulted in the creation of a new parent company, BG Group plc. This was followed, in October 2000, with the demerger of the gas pipeline business Lattice Group Plc creating two separate companies.

In October 2002, Lattice Group merged with National Grid to form National Grid Transco. And in July 2005 National Grid Transco was renamed National Grid plc in order to provide what the company described as 'a unifying identity across its operations'.

And what about its activities?

The Group owns the high-voltage electricity transmission networks in the United Kingdom and Wales, and operates the system across the entire UK. It also owns and operates the high pressure gas transmission system in the United Kingdom. Its gas distribution business delivers gas to 11 million homes and businesses.

The Company also owns liquefied natural gas storage facilities in the UK and provide infrastructure services to the mobile telecom industry.

In the United States, the Group distributes electricity to approximately 3.3 million customers in the northeastern United States. It is the largest power producer in New York State, supplying around a quarter of New York City's electricity needs.

The Company is the distributor of natural gas in the northeastern United States, serving approximately 3.4 million customers.

Why should Utilities be in your retirement portfolio?

And what about National Grid's
Dividend Record?

The Group enjoys predictable revenues and earnings, which enables high levels of debt to be serviced as well as sustainable dividend pay-outs.

In January 2008, the Group announced a new dividend policy of targeted dividend increases of 8 per cent in each of the four financial years through to 31 March 2012.

Over the years, the Group has offered some of the most stable dividend distributions.

Information and Resources

National Grid Plc:

• Dividend Income Investor.com owns shares in National Grid.
  To find out more: Click Here

• 17 year Record Dividend History

• Dividend Alerts

• at Google Finance

• at Morningstar

• at Reuters

• at Yahoo Finance

• Website

• interview with Steve Holliday talking about the Group's half year results 2010.

Return to Rising Dividends for announcements from other companies with an amended dividend policy.

Return from National Grid to Home page
If you came here via a search engine, you might want to go back to my main page on early retirement and investment