National Grid - Interim Results Interview With CEO

By National Grid Plc, PRNE
Wednesday, November 17, 2010

LONDON, November 18, 2010 - National Grid today releases 2010 interim results, unveiling a 45%
increase in profit before tax up to GBP938m. In a video interview with CEO Steve Holliday discusses the results and reveals
that the financial performance was backed up by a strong operational

He explains how the cash raised in the recent GBP3.2bn rights issue is
being used and maintains the company is on track with the GBP22bn investment
programme over the coming five years.

Giving a thorough update on the main US regulatory filings, he says that
he's satisfied with the deal reached in Massachusetts and discusses the
imminent decision on Niagara Mohawk.

Looking forward Mr Holliday states the second half will conclude a good
year for National Grid.

"What we've got to do is make sure that we deliver that capex on time on
budget, which is exactly where we are focused. And make sure we continue to
deliver all the outputs that people will measure us on. If we do that, this
business will continue to thrive."

The interview and transcript are available now on, the online financial broadcaster, features in-depth
interviews, documentaries and webcasts with senior company executives. If you
would like to contact us, please email or phone

If you would like to contact us, please email amanda.alexander at or phone

will not be displayed