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?

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.

Massachusetts Governor: National Grid To Negotiate For Cape Wind Power





NEW YORK -(Dow Jones)- National Grid PLC (NGG) will negotiate to buy power from a long-planned wind farm off the coast of Cape Cod, Mass., helping to move along what's likely to be the nation's first offshore wind facility, the Massachusetts' governor office said Wednesday.

Gov. Deval Patrick said in a statement that National Grid will soon file with state regulators to start negotiations with Cape Wind. A long-term contract is critical to obtaining financing for the project planned for Nantucket Sound, his office said.

The controversial project has faced major delays as local residents raised numerous objections, and the developers still await a decision from the U.S. Department of Interior, which is seen as the project's last major hurdle.

"National Grid supports the Commonwealth's goal to expand renewable generation in Massachusetts, including offshore wind," said National Grid President Tom King in a statement.

-By Mark Peters, Dow Jones Newswires; 212-416-2457; mark.peters@dowjones.com

Interim management Statement.

HIGHLIGHTS



Well positioned for another year of strong performance, in line with our expectations

Continued regulatory progress in US: Niagara Mohawk electric rate case filed 29 January

UK transmission price control review to be rolled over for another year to April 2013

In line with its policy, the Board expects to recommend an 8% increase in the full year dividend

Finals on 20th May.

National Grid plc
Results for the year ended 31 March 2010

HIGHLIGHTS

Strong performance
Earnings per share up 14%1
8% increase recommended in full year dividend; policy reaffirmed to 2012
Good progress with US rate case filings
Capital investment of GBP3.3bn; in line with plans
Capital investment plan of GBP22bn targeted over the next five years
Fully underwritten rights issue announced to raise GBP3.2bn after expenses
Full details are set out in a separate announcement released today
Positive outlook for 2010/11 with current trading in line with our
expectations


National Grid To Raise GBP3.2 Billion Via 2:5 Rights Issue/335P
LONDON (Dow Jones)

U.K. utility firm National Grid PLC said Thursday it plans to raise GBP3.2 billion via a fully underwritten 2:5 rights issue of 990.44 million new shares at 335 pence each.

MAIN FACTS:

-Issue price represents a 44% discount to the closing middle market price per ordinary share, adjusted for the recommended final dividend for 2009/10 of 24.84 pence, on May 19 and a discount of 36% to the theoretical ex-rights price on the same basis.

-The funds will allow the Group to fund a significant increase in its U.K. capital investment; maintain single A credit ratings for its U.K. operating companies; and strengthen the Company's long-term competitive position.

-Group capital investment is forecast to total GBP22 billion in aggregate over the next five years

-National Grid intends to maintain its policy of targeting an 8% per annum increase in dividend until March 31, 2012, after adjusting the 2009/10 dividend to take account of the bonus element of the rights issue.

-Beyond 2012, National Grid intends to pursue a policy that targets real growth in dividends reflecting the strong growth prospects of the business.

-Shares closed Wednesday at 620 pence valuing the company at GBP1.54 billion.

Can anyone please explain this to me. Holding NG 494 shares

You will be able to buy 2 shares @335p for every 5 you hold. So for you - 197.6 shares.

Thank's Skinny. What if I do not wish to buy any new shares,

Then your rights will be sold and you will recieve the proceeds. Have a look here.

Thank's

MAM say they are not putting NG.N (the nil paid) on Level 2. Strange.

Price Data
National Grid (NP-11/06/2010) (NG.N)

Currency UK Pounds
Price 132.25p
Change Today 0.000p
Volume 9,010,024
--10 Close 0.000p
Shares Issued 990.44m
Market Cap 1,309.86m
Year End 31-Mar-10

Interin Management Statement.

HIGHLIGHTS



Outlook for the year remains positive, in line with our expectations

Successful 3.2bn rights issue

Capital expenditure programme remains on track - 1.3 GW new connections contracted in the period

US regulatory filings progressing

Industry preparations for the UK transmission price control reviews continue

finally on the move after recent rights issue. (mind the gap)

I held on to mine and now in profit.

Go on my son up up and away

It would be nice to see a bit more volume....

All trading volumes seem to be thin this month, so not a bad graph considering.
6% div yield also pretty good.

Yes - pennant looking to break to the upside?