Q:

What are some facts about the National Grid electric company?

A:

Quick Answer

National Grid is a publicly owned company that provides electricity and gas to the northeastern United States and the United Kingdom. The company also partners with energy providers to provide energy infrastructure such as interconnectors, which transmit electricity between the United Kingdom and Ireland, Northern Ireland, France and the Netherlands.

Continue Reading

Full Answer

Headquartered in London, National Grid formed in 1990 from 12 regional British electric companies and British Gas, when the British electricity industry became privatized. In 1995, it began trading on the London Stock Exchange and, as of 2015, it trades on the New York Stock Exchange as NGG. Its U.S. headquarters is in Waltham, Massachusetts.

The company goal is to develop and operate safe, reliable and sustainable energy infrastructure. In the United States, National Grid serves more than 7 million gas and electric customers. It is the largest distributor of natural gas in the northeast United States via its electricity networks and fossil-fuel generators. In the United Kingdom, it transmits 99.9 percent of the electricity to England and Wales but does not operate any electricity generating facilities there.

National Grid has been recognized for the fourth year as one of the world's most ethical companies for its ethical business standards and practices. As part of its sustainable energy objective, National Grid actively pursues innovation, working with solar energy in Massachusetts and on carbon capture and storage technology, which is intended to cut carbon dioxide emissions in the United Kingdom and Europe.

Learn more about Corporations

Related Questions

Explore