National Grid - Interim Results Interview With CEOBy 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
www.cantos.com 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
Cantos.com, the online financial broadcaster, features in-depth
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Tags: London, National Grid Plc, November 18, United Kingdom