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

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National Grid : Roads reopened, workers probe cause of gas leak that closed Rt. 195

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03/30/2017 | 06:47pm CEST

March 30--PROVIDENCE, R.I. -- All roads closed Wednesday night because of a gas line rupture were reopened by 3 a.m. Thursday, according to Providence Public Safety Commissioner Steven M. Paré.

The leak was first discovered at 8:15 p.m., forcing closure of Route 195 in both directions, Allens Avenue and local streets in the area, Paré told the Providence Journal Thursday morning. The roads were reopened after gas company National Grid made temporary repairs that stopped the leak at about 3 a.m.

Gas service to Rhode Island Hospital was restored shortly before then, Paré said, adding that other businesses, which had to be shut off individually, will have service restored as they open Thursday morning.

National Grid will work today to make permanent repairs to the line, Paré said, adding that he was uncertain whether the leak was because of a broken pipe, a faulty valve or some other equipment. The leak occurred outside a concrete building owned by National Grid that houses equipment to distribute natural gas. The building is below an elevated section of the highway near Club Desire.

Paré said officials will investigate what caused the leak.

___

(c)2017 The Providence Journal (Providence, R.I.)

Visit The Providence Journal (Providence, R.I.) at www.projo.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ( GBP)
Sales 2017 16 501 M
EBIT 2017 4 274 M
Net income 2017 2 635 M
Debt 2017 24 893 M
Yield 2017 4,79%
P/E ratio 2017 13,97
P/E ratio 2018 15,39
EV / Sales 2017 3,81x
EV / Sales 2018 3,93x
Capitalization 37 982 M
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Mean consensus HOLD
Number of Analysts 18
Average target price 9,82  GBP
Spread / Average Target -3,1%
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Managers
NameTitle
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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