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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  National Grid plc    NG.   GB00B08SNH34

Delayed Quote. Delayed  - 10/21 05:35:26 pm
1066.5 GBp   -0.28%
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National Grid : Thunderstorms bring flash flooding to Merrimack Valley; several cars abandoned

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10/23/2016 | 12:48am CEST

Oct. 23--LAWRENCE -- Friday night's thunderstorms dumped up to 2 1/2 inches of rain on the region, causing flooded roadways and power outages.

In Haverhill, the National Weather Service reported a car was stranded in four feet of water at Laurel and Railroad avenues. The intersection of Primrose and Dexter streets was impassable due to flooding.

Haverhill police were busy helping motorists stranded by water in various parts of the city. Their work load was aggravated by a freight train that broke down in the northern part of the city.

Methuen police reported heavy rains caused widespread flooding and urged motorists to avoid travel due to high waters.

"As of this time, Riverside Drive in the area of the boat ramp in Methuen is currently closed due to flooding. Massachusetts Department of Transportation is en route. Several vehicles are stuck in the roadway. No one is injured as the cars have been abandoned," a statement from Methuen police said.

Police reported that a power outage tied to the storm plunged at least 109 customers into the dark in the vicinity of Howe Street. Restoration of power was expected around midnight, police said. National Grid reported that 3,215 customers were without power across the state with at least 36 separate outages reported.

Crews were dispatched to 36 separate outages. Utility officials estimated power should have been restored by 1:30 a.m. across the state. Outages were reported on Route 110 in Methuen, Merrimack Street and Rocks Village in Haverhill,and Salem Street in North Andover.

In Lawrence, eyewitnesses reported heavy rains caused deep waters under the rail bridge on Andover Street in South Lawrence, stranding two vehicles. Lawrence police called in auxiliary officers to handle weather-related problems. Barrels and traffic cones were placed around flooded areas, such as Parker Street, until waters receded.

In North Andover, High and Sutton streets were partially flooded but the town's Division of Public Works resolved the problem by cleaning catch basins, according to police Sgt. Jay Staude.

Route 28 in Andover was partially flooded in the section near the Shawsheen Plaza but police expected the water to recede. Georgetown police reported a car got stuck in high water on East Main Street.

Groveland police closed portions of Seven Star and Governor's roads.

Derry, New Hampshire police closed part of Courthouse Lane due to flooding.

At 9:56 p.m., National Weather Service officials in Taunton warned of flash flooding due to thunderstorms producing heavy rains. At the time, they said 1 1/2 inches of rain had already fallen with an additional 1 to 2 inches expected. Flash flood warnings were in effect until midnight for all of Essex County.


(c)2016 The Eagle-Tribune (North Andover, Mass.)

Visit The Eagle-Tribune (North Andover, Mass.) at www.eagletribune.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ( GBP)
Sales 2017 16 098 M
EBIT 2017 4 170 M
Net income 2017 2 396 M
Debt 2017 26 266 M
Yield 2017 4,16%
P/E ratio 2017 15,42
P/E ratio 2018 16,32
EV / Sales 2017 4,13x
EV / Sales 2018 4,07x
Capitalization 40 151 M
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Mean consensus HOLD
Number of Analysts 17
Average target price 9,89  GBP
Spread / Average Target -7,3%
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John Mark Pettigrew Chief Executive Officer & Executive Director
Peter Oliver Gershon Non-Executive Chairman
Andrew R. J. Bonfield Executive Director & Finance Director
Richard Adduci Chief Information Officer
Ruth Kelly Independent Non-Executive Director
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