Ok is there a mutter from the gutter going about today or what?
Shares are now consolidated, payout deadline gone, no official
news......??????

(scratches head......)

Any clues among us beautiful BB'ers this afternoon?

It talks about sustainable growth too. Ive been in this for about 4 years now. Its been a nice slow grower with decent dividends. Im suprised by the slight fall this morn. Come ex-dividend day it will be a lot higher.

Ex-divi dates were 06.06 & 15.11 in 2007, so a while to go yet.

NATIONAL GRID FINED 41.6M GBP...oh naughty Mr.Grid.

..anyone for a recovery play?

Any know reason for the slight decline??? They are buying back shares at a rate of knots and promised increasing dividends for a few years yet!!

Any know reason for the slight decline??? They are buying back shares at a rate of knots and promised increasing dividends for a few years yet!!

Generally when the market goes up so does the Grid, and It works in reverse. Thats my ex. with this one anyway K over the last 8 years or so.

on the way back up with the market you may be right Stan. Dividend due fairly soon.

Don't suppose you have the date & amount of the dividend handy? Not immediately apparent from the recent RNS.

The board has recommended a final dividend of 21.3p. The final dividend is to be paid on 20 August 2008 to shareholders on the register as at 6 June 2008.

A very very safe place to put any hard earned profits.
No fireworks or sleepless nights just steady as she goes.
I will be intersting if they manage to get a price hike in the US.
It all depends on the lobby people - not sure if they have enough people on the inside!!
If they do get a hike there should be upside from here.

Went ex. dividend today, be interested to see just how long it takes the price to recover in the current climate.

Only down 16% over a 12 month period. Maybe a safe haven in troubled times?
Divi yield was 4.77 up to march 2008. Remains to be seen if this continues.
Next divi date late Nov.

"Went ex. dividend today, be interested to see just how long it takes the price to recover in the current climate"...a year on and the same question. Also a down day (so far) on the footsie. I've already banked the divi and bought some more on the drop today. A safer outfit then NG is hard to imagine. Good luck all.

Nice rise today and fresh air above.

National Grid Sees Trading In Line; Sound Financial Position





LONDON -(Dow Jones)- National Grid PLC (NG.LN), an international electricity and gas company, said Monday it is trading in line with expectations and it sees a strong operational and financial performance in 2009 to 2010; the group also confirmed it is in a sound financial position.

MAIN FACTS:

-Moody's credit ratings reaffirmed with stable outlook

-Continued progress in U.S. rate case filings

-Continues to trade in line with expectations of delivering a strong performance in 2009/10 across the businesses.

-In particular the group expects a substantial improvement in profitability in the Electricity Distribution and Generation business and continued good momentum in the Transmission business.

-The GBP3.4 billionn investment programme for the current year remains on target.

-The majority of this year's GBP2.5 billionn funding requirement has already been raised, with funding for around a further GBP400 million required in the current year.

-the company is in a sound financial position, National Grid expects the effective interest rate to continue to fall in the current year and on July 20, Moody's reaffirmed the credit ratings and changed its outlook from negative to stable.

-The company is well positioned to deliver a year of strong performance which will continue to underpin the 8% dividend growth policy through to March 2012.

-Continues to work with regulators and policy makers to deliver improved regulatory frameworks which will benefit both customers and shareholders.

-the company welcomes the recent U.K. Low Carbon Transition Plan White Paper and look forward to working with all parties to reduce U.K. carbon emissions by a third by 2020.

-Further progress has been made with the rate case filings in the U.S..

-Following the approval of the Rhode Island gas rate case last year with a return on equity of 10.5%, the company have received approval for two further rate cases for the U.S. gas businesses

-The company's NiMo gas rate case, recommended by New York Public Service Commission staff, was approved in full on May. 14, with a base return on equity of 10.2%.

-The New Hampshire gas rate case was approved on May 29, although the company was disappointed with the allowed return on equity of 9.54%, which was out of line with other regulatory decisions.

-In Massachusetts and Rhode Island the company filed electric rate cases on May. 15, and 1 June respectively.

-These filings will benefit both customers and shareholders by supporting much needed investment and full recovery of costs.

-The company expects a conclusion to be reached around the end of the year in Massachusetts and early next year in Rhode Island.

UPDATE:National Grid Mulls Expandin LNG Capacity At UK's Grain





(Updates with European imports.)

LONDON -(Dow Jones)- U.K. natural gas grid operator National Grid PLC (NGG) is considering making more space available for unloading and temporary storage of liquefied natural gas at its Isle of Grain importation terminal, the company said Monday.

Commissioned in July 2005 and expanded in December 2008, the terminal in southeast England can provide 9.8 million metric tons of LNG a year. However, it is hoped it will be able to offer an additional 5 million tons of LNG capacity a year between winter 2011 and winter 2012, and the operating company is considering expanding this further.

U.K. oil and gas company BP PLC (BP), state-owned Algerian energy company Sonatrach, U.K. utility Centrica PLC (CNA.LN) and French utility GDF Suez SA (GSZ.FR) are the capacity holders at the terminal.

"This was the first U.K. LNG importation terminal of the modern era, and will have the capacity to meet 20% of Britain's gas demand by winter 2012," said Peter Boreham, National Grid's Director of U.K. LNG.

"Our investment in the existing three phases is near GBP1 billion and if there is market appetite for more capacity then we'll look to invest further and develop Grain phase 4."

European imports of LNG are projected to hit a record 4.554 million metric tons in July, according to data from analysts at consultancy Waterborne, a 40% increase over figures for July, 2008; and will reach 4.169 million tons in August, a 45% jump on the year.

-By Angela Henshall, Dow Jones Newswires; +44 (0)20 7842 9285; angela.henshall@dowjones.com

Half year report for the six months ended 30 September 2009 (unaudited)

.
Goes ex-divi wed 2nd Dec '09.

Harry this been a good share for my ISA - last lot bought after last divi high 520's.

National Grid Massachusetts $44 Million Electric Rate Case Approved





LONDON -(Dow Jones)- National Grid Plc (NG.LN), an electricity and gas company, announced Tuesday it has received the approval of a new $44 million rate plan for its electricity distribution business in Massachusetts.

MAIN FACTS:

-The MA DPU order approved a $44 million rate increase, with effect from January 1, 2010.

-In addition, the MA DPU approved a deferral mechanism for the recovery of $24 million of costs associated with the December 2008 ice storm.

-Main features of the order included:

* 10.35% return on equity, with an assumed equity ratio of 43.15% and a $1,52 billion rate base

* Volume - revenue decoupling

* An annual capital investment tracker

* Annual trackers for pensions and OPEB costs

* Improved bad debt recovery allowances.

-This business represents about 10% of National Grid's U.S. operations.

-The Massachusetts Department of Utilities (MA DPU) decision results in 60% of its U.S. operations now being covered by new rate plans.

-This is the first new electricity distribution rate plan National Grid will operate under since 1999.