National Grid Plc - ADR
NATIONAL GRID PLC Stock, NYSE:NGG
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, UK Gas Distribution, and US Regulated segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead line, 1,500 kilometers of underground cable, and 338 substations located in England and Wales. It also operates the Scottish networks. The UK Gas Transmission segment owns and operates gas transmission system that include approximately 7,660 kilometers of high pressure pipe and 24 compressor stations in Great Britain. The UK Gas Distribution segment owns and operates gas distribution networks, which consist of approximately 131,000 kilometers of gas pipelines in Great Britain, as well as transports gas to 10.9 million consumers. The US Regulated segment jointly owns and operates transmission facilities across upstate New York, Massachusetts, New Hampshire, Rhode Island, and Vermont; owns and operates electricity distribution networks in upstate New York, Massachusetts, and Rhode Island. These assets include 174 kilometers of underground cable, 491 transmission substations, and 688 distribution substations. It also engages in owning and operating gas distribution networks across upstate New York, New York City, Long Island, Massachusetts, and Rhode Island. The company also owns and operates 50 fossil fuel-powered stations on Long Island and 7.9 megawatts of solar generation in Massachusetts; and 224 kilometers interconnector between New England in the United States and Canada. It is also involved in gas metering, property management, liquefied natural gas (LNG) import terminal, unregulated transmission pipeline, and LNG operations. National Grid plc was founded in 1990 and is headquartered in London, United Kingdom.