National Grid Plans Investments, Upgrades 5-Year Framework

MT Newswires Live03-02 23:57

National Grid (NGG) said Monday it has upgraded its five-year financial framework through fiscal 2031 that includes at least 70 billion British pounds ($93.86 billion) in capital investments.

The firm said it accepted the RIIO-T3 regulatory framework for its UK electricity transmission business, and raised its underlying EPS compound annual growth rate of between 8% and 10%.

The company said its investment plan represents a 70% increase relative to the prior five years.

The company said group performance remains in line with its expectations for fiscal 2026, and it expects underlying EPS growth of 13% to 15% for fiscal 2027.

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