Here it is, your all new National Grid thread. The chart features Bollinger Bands, MACD, 50 and 200 day SMAs.

Web Site Link:

http://www.nationalgrid.com/uk


Here's the link to the old NG. thread

StockMarketWire.com
National Grid said it is pleased that Ofgem's decision surrounding RIIO-2 Framework provides further clarity on the length of the price control from April 2021 and continues to put consumers and other stakeholders in a central role in the process.

The company reported it looks forward to continuing to work constructively with Ofgem and other stakeholders over the coming months to achieve the best possible outcome for all stakeholders.

Separately, Ofgem also published its final decision on the delivery model for the Hinkley-Seabank project (HSB) today, in which it chose the Competition Proxy model.

National Grid announced Ofgem's decision does not affect its commitment to delivering HSB to time and to quality as per our licence obligations.

The company said it will review the detailed decision by Ofgem and consider all of its options prior to Ofgem formally implementing the proposals into the licence later in the year or early 2019.

The HSB project is expected to have a total cost of around £650m, with the majority of forecast spend by National Grid Electricity Transmission in the RIIO-T2 price control period from April 2021 onwards.

JP Morgan Cazenove today reaffirms its overweight investment rating on National Grid PLC (LON:NG.) and raised its price target to 950p (from 870p).

Report for the period ended 30 September 2018

Highlights

· Maintained strong reliability and safety across all networks

· Decided to exercise Cadent 39% options; sale completion in June 2019 providing £2bn cash proceeds

· Reached major milestone in the US with all distribution companies under refreshed rates

· Approved £850m investment to proceed with Viking interconnector

· Launched UK cost efficiency and restructuring programme

Financial performance

· Underlying operating profit down 6% to £1.3bn, primarily from expected return of Gas Transmission allowances and US tax reform, partially offset by favourable legal settlements of £94m

· Underlying EPS of 19.7p, up 1.2p, reflecting a lower tax rate and reduced share count

· Statutory EPS (continuing) of 12.7p after exceptional charges: UK cost efficiency and restructuring programme £127m; Massachusetts Gas workforce contingency plan £97m

· Interim dividend 16.08p/share, up 3.8% in line with policy

· Capital investment £2.1bn, up 7%

USA investment notice https://www.moneyam.com/action/news/showArticle?id=6209798

Bills may soar after power row

StockMarketWire.com
Power utility National Grid said it was disappointed with consultation documents published by the UK regulator, claiming certain parameters made it harder to provide fair returns to shareholders.

National Grid said it was particularly disappointed with regulator Ofgem's cost of equity range.

The range did not appropriately reflect the level of risk borne by transmission network operators, National Grid said.

'In order to deliver the major capital programme required across our networks in a rapidly changing energy market, we need to ensure the regulatory framework also provides for fair returns to shareholders and enables us to continue to deliver world class networks for consumers,' the company said.

National Grid said it would need to work through what was a very detailed consultation document.

It planned to provide a detailed response in early 2019.

The consultation was expected to conclude in the second quarter of 2019, with the RIIO 2 price control commencing in April 2021.

National Grid has reached a deal with two Massachusetts Gas unions over employment terms and conditions, ending a six-month lockout. The agreement is for a five-and-a-half-year contract for 1,250 employees in the company's Massachusetts Gas business. Workers are expected to return to work later this month.

A strategic announcement https://www.moneyam.com/action/news/showArticle?id=6295848