Company Overview - National Grid (NGG) currently holds a Momentum Style Score of B, indicating a positive momentum outlook [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] Price Performance - Over the past week, NGG shares have increased by 3.23%, outperforming the Zacks Utility - Electric Power industry, which rose by 1.41% [6] - In a longer time frame, NGG's monthly price change is 10.8%, significantly higher than the industry's 0.3% [6] - Over the past quarter, NGG shares have risen by 18.78%, while the S&P 500 has decreased by 11.63% [7] - In the last year, NGG has gained 10.19%, compared to the S&P 500's increase of 6.63% [7] Trading Volume - NGG's average 20-day trading volume is 970,738 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, one earnings estimate for NGG has increased, while none have decreased, leading to a consensus estimate rise from $4.80 to $4.81 [10] - For the next fiscal year, one estimate has moved upwards with no downward revisions during the same period [10] Conclusion - Considering the positive price trends, trading volume, and earnings outlook, NGG is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [12]

Core Viewpoint - National Grid (NGG) is positioned to benefit from systematic investments aimed at upgrading and expanding its infrastructure, driven by rising demand from new customer connections and its low-risk, high-quality asset profile, making it a strong investment option in the utility sector [1] Group 1: Earnings Growth Projections - The Zacks Consensus Estimate for fiscal 2025 and 2026 earnings per share (EPS) has increased by 0.21% and 0.58%, respectively, over the past 60 days [2] - National Grid's long-term (three to five years) earnings growth rate is projected at 2.34% [3] Group 2: Focus on Clean Energy - The company is committed to enabling the energy transition and aims to achieve net-zero emissions by 2050, collaborating with partners to accelerate the development of a clean energy future [4] - Significant investments have been made in large-scale renewable energy projects, including wind and solar, particularly in the United States [4] Group 3: Demand from New Customers - National Grid is set to benefit from an additional 2.3 gigawatts of demand from new customer connections in its service region, including requests for transmission-scale data center connections [5] Group 4: Solvency - The time-to-interest earned ratio at the end of fiscal 2024 was 2.8, indicating the company's strong ability to meet future interest obligations [6] Group 5: Dividend Yield - National Grid has consistently increased shareholder value through dividends, with a current dividend yield of 2.84%, compared to the S&P 500 Composite's 1.66% [9] Group 6: Systematic Investments - The company plans to invest nearly $69 billion (£60 billion) across its service territory in the UK and the US over the next five years, with almost half allocated to energy system improvements in Massachusetts and New York [10] Group 7: Stock Performance - Over the past six months, NGG's stock has gained 6.5%, contrasting with a 4% decline in the industry [11]

Core Viewpoint - Heathrow Airport faced significant operational challenges due to a fire at a nearby electrical substation, leading to its temporary closure and widespread flight disruptions, which are expected to incur substantial financial losses for airlines and the UK tourism sector [1][5][10]. Group 1: Incident Overview - A fire at a nearby electrical substation caused Heathrow Airport, Europe's busiest airport, to close temporarily [1]. - National Grid CEO John Pettigrew stated that despite the fire damaging one substation, two others were operational and could supply sufficient power to Heathrow [2]. - Heathrow's spokesperson argued that uninterrupted operations post-fire were impossible due to the complexity of safely rebooting critical systems [3][4]. Group 2: Financial Impact - The closure affected over 1,300 scheduled flights, with more than 120 flights diverted or returned to their departure cities [5]. - The International Air Transport Association (IATA) criticized Heathrow's reliance on a single power source, labeling it a planning failure [7][8]. - Economic estimates suggest the closure could result in £4.5 million ($5.82 million) in lost tourism revenue for the UK [10]. Group 3: Market Reaction - Following the incident, European travel and leisure stocks experienced a selloff, with British Airways owner IAG down approximately 1.9% and Lufthansa down 1.7% [6]. - By the following Monday, travel and leisure shares showed signs of recovery, with IAG up 0.9% and Lufthansa gaining 0.3% [6]. Group 4: Operational Challenges - Heathrow has initiated an internal investigation into the shutdown and its crisis management plan, while the UK government has also commissioned an investigation [5]. - Experts highlighted the significant costs associated with diverting flights, including additional fuel, air traffic control services, and airport fees, as well as potential compensation claims from affected passengers [12].

Core Insights - Amperon has received a strategic investment from National Grid Partners to accelerate its commercial expansion in North America and Europe, enhancing its AI-powered energy forecasting and analytics capabilities [1][2][3] Company Overview - Amperon is a leading provider of AI-driven energy forecasting solutions, established in 2018, and has become a trusted partner for utilities and energy companies [6] - The company has expanded its operations into 15 European countries, significantly improving its market position and forecasting accuracy [4] Investment Details - National Grid Partners' investment is part of a $100 million commitment to AI solutions aimed at advancing energy systems, highlighting the increasing demand for advanced AI-driven solutions in the energy sector [5][8] - The partnership is expected to enhance Amperon's product offerings and expand its presence in the UK market, where grid modernization is a priority [3][5] Market Context - The energy market is experiencing increased volatility and a transition towards a more distributed and decarbonized grid, creating a demand for accurate, real-time data and predictive insights [2][5] - Amperon's AI-powered forecasting models have shown a 10% improvement in accuracy over the last six months, outperforming many competitors in key European markets [4]

Core Points - National Grid and the National Grid Foundation announced a joint contribution of $1.4 million to support low-income and emergency heating programs, specifically the Care & Share Energy Fund and the Neighborhood Heating Fund [1][4] - The announcement follows the exhaustion of Regular Home Energy Assistance Program (HEAP) funds in New York State due to higher-than-normal enrollment, prompting the reallocation of unused state funds by Governor Kathy Hochul to extend the program [2] - The winter of 2025 has been significantly colder than previous years, with December 2024 being 24% colder than December 2023 and January 2025 being 15% colder than the previous year, leading to increased energy usage and higher bills for customers [3] Funding and Program Details - The contribution will allow the emergency heating funds to provide enhanced grants of $500, up from the previous $200, to eligible National Grid customers who have exhausted their HEAP allocations [5][4] - The Care & Share Energy Fund offers emergency financial assistance to income-eligible individuals and families struggling to pay heat-related energy bills in National Grid's upstate New York service area, while the Neighborhood Heating Fund is available for customers in Brooklyn, Queens, and Staten Island [6][5] - Both programs are administered by HeartShare Human Services and will remain open until funds are exhausted, with eligible customers receiving one $500 grant per season [7] Eligibility Criteria - To qualify for the funds, applicants must have an active National Grid account, meet HEAP income guidelines, and have exhausted all available HEAP assistance [8] - Emergency HEAP is available through the spring or until funds are exhausted, with qualification based on household size, income, and a valid utility disconnection notice [11] Additional Support Programs - National Grid has been promoting various bill management programs since October 2024 to help customers save money during cold weather, including the Energy Affordability Program (EAP) which provides monthly bill credits [9][10] - Customers can also access Deferred Payment Agreements to manage past-due accounts and avoid disconnections, with specific provisions for those receiving certain types of assistance [14] Company Overview - National Grid is an electricity, natural gas, and clean energy delivery company serving over 20 million people in New York and Massachusetts, focusing on building a cleaner energy future [16] - The National Grid Foundation aims to enhance the quality of life in its service areas, having granted over $38 million to local community organizations since its inception [17]

Disclosure and Ownership - The author holds beneficial long positions in shares of NGG, ENLAY, and FOJCF through stock ownership, options, or other derivatives [1] - The author owns European/Scandinavian tickers (not ADRs) for all European/Scandinavian companies mentioned in their articles [2] - The author owns Canadian tickers for all Canadian stocks they write about [2] Investment Considerations - Investing in European/Non-US stocks involves withholding tax risks specific to the company's domicile and the investor's personal situation [2] - Investors should consult a tax professional regarding the impact of dividend withholding taxes and potential mitigation strategies [2] General Disclaimer - The article is not financial advice, and the author is not a CFA or licensed to provide financial advice [2] - Investors are expected to conduct their own due diligence and research before making any investment decisions [2] - Short-term trading, options trading, and futures trading are considered high-risk investment styles and may not be suitable for investors with limited capital, experience, or risk tolerance [2]

Core Insights - National Grid has appointed Steve Smith as the Chief Strategy and Regulation Officer to lead the company's strategy and regulatory efforts in the US and UK as it advances energy transition initiatives [1][2][3] - The company plans to invest £60 billion over the next five years to drive economic growth, job creation, and decarbonization [3] Company Overview - National Grid is an electricity, natural gas, and clean energy delivery company serving over 20 million people in New York and Massachusetts [5] - The company is focused on creating a smarter, stronger, and cleaner energy future by enhancing its networks to meet state climate goals and reduce greenhouse gas emissions [5] Leadership Background - Steve Smith has been with National Grid since October 2021, previously serving as Group Head of Strategy and President of National Grid Partners [3][4] - He has over 25 years of experience in the energy and finance sectors, including roles at Lloyds Banking Group, Ofgem, American Electric Power, and PricewaterhouseCoopers [4]

Core Viewpoint - National Grid plc (NYSE: NGG) has been identified as a solid income stock for buy-and-hold investors over the past five years, indicating a positive performance trend in the stock [1]. Group 1 - The stock has shown decent performance since the initial recommendation, suggesting stability and potential for income generation [1].

Financial Data and Key Metrics Changes - Underlying operating profit from continuing operations was £2 billion, a 15% increase compared to the prior year at constant currency, driven by good performance across regulated businesses [11][41] - Underlying earnings per share increased by 8% to 28.1p, reflecting improved performance and a slight decline in finance costs [11][42] - Capital investment reached a record £4.6 billion, up 19% year-on-year at constant currency [12][43] Business Line Data and Key Metrics Changes - UK electricity distribution saw underlying operating profit of £573 million, up £10 million year-on-year, with capital investment increasing to £647 million, a rise of 6% [44][46] - UK electricity transmission reported underlying operating profit of £724 million, up £68 million, with capital investment increasing by 43% to £1.3 billion [47][49] - In the US, New York's underlying operating profit was £288 million, reflecting a £173 million increase, with capital investment rising 29% to £1.6 billion [48][28] Market Data and Key Metrics Changes - In New England, capital investment increased by 7% to £814 million, driven by grid modernization and asset health work [33] - Massachusetts Electric business approved a five-year plan with a revenue increase of around $100 million, enhancing recovery mechanisms for capital investment [34] Company Strategy and Development Direction - The company aims to become a preeminent pure play networks business with a £60 billion capital investment plan over the next five years [4][60] - Focus on delivering major capital projects in both the UK and US, with significant investments in ASTI projects and regulatory frameworks to support growth [77][78] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering high reliability across networks despite severe weather challenges [13][14] - The company anticipates strong operational performance and year-on-year operating profit growth of around 10% [59] Other Important Information - The company completed the sale of its final 20% stake in the UK gas transmission business for £686 million [10] - The establishment of the National Energy System Operator (NESO) is expected to enhance clarity on energy project delivery [7][8] Q&A Session Summary Question: When will the business plan for the RIIO-ED3 period be submitted? - The business plan will be submitted in December this year, with a draft determination expected in June next year and final determination in December 2025 [81] Question: What is the expected impact of the US elections on investment plans? - The company does not expect significant changes to the £60 billion investment plan due to the US elections, as most capital investment is determined at the state level [86] Question: What are the expectations for operational incentives in the ED3 period? - The company aims for the return on equity to be at the upper end of the range, with discussions ongoing regarding operational incentives that could benefit both consumers and shareholders [90]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Date: 07 November 2024 Commission File Number: 001-14958 NATIONAL GRID plc (Translation of registrant's name into English) England and Wales (Jurisdiction of Incorporation) 1-3 Strand, London, WC2N 5EH, United Kingdom (Address of principal executive office) Indicate by check mark whether the registrant files or will file ...