National Grid Reports Strong Growth Amidst Investment Surge

National Grid Transco (NGG) has released an update.

National Grid has announced its Half-Year results, highlighting a 17% increase in capital investment to £4.6 billion, driven by significant projects in the UK and US. The company reported a 14% rise in underlying operating profit to £2 billion, despite a decrease in statutory profits due to adverse timing movements. National Grid remains committed to its robust five-year £60 billion investment plan, focusing on energy transition and infrastructure development.

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