Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

NATIONAL GRID PLC
Mes dernières consult.
Most popular
SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

National Grid plc : Bridgnorth gas pipe replacement reaches second phase

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/11/2013 | 07:53pm CEST

The work that National Grid has been carrying out since early May to replace a section of the gas main along the B4373 Bridgnorth to Broseley road is about to enter its second phase. For this phase of the work to be carried out safely, the temporary traffic lights that are currently being used will be removed and the road will close to through traffic completely for 16 weeks, starting on Monday 1st July.

While the road is closed, traffic will be diverted along the A458 toward Much Wenlock, and then right into the road known locally as Merrywell Lane, after which it will join the B4376 to Broseley. The diversion will be clearly signposted throughout.

The pipe that National Grid is replacing along the B4373 has developed several gas escapes over the past few months.  Engineers have considered carefully whether to repair or replace the pipe and have concluded that replacement is the best option.  The new sections of pipe will ensure that homes and businesses in the area continue to receive a safe and reliable gas supply for many years to come, and that further roadworks are unlikely to be needed along the road in the foreseeable future.

"We're sorry that we're going to have to close the busy B4373 for such a long period," said National Grid's head of network, Steve Murray, "but we really do believe that replacing the worn-out pipe is the right option. This is a non-standard size pipe and so repairing it would have needed parts to be specially made which would have taken several weeks.  But, installing a new pipe will,  provide a permanent and reliable solution."

National Grid is installing around one kilometre of new pipe, which is made from tough corrosion-resistant plastic, alongside the existing pipe. When the installation is complete, gas will be diverted from the old pipe into the new one, and the old pipe will be abandoned. The pipe is a key part of the National Grid gas network, and provides the gas supply to more than 7,000 homes and businesses in Bridgnorth.

Ends


Contact for media information only:
Jane Taylor
National Grid Media Relations

07785 220647
jane.taylor@nationalgrid.com

Out of hours duty press officer:
+44 (0) 1926 653000

For more information, please:

Follow us on Twitter
Watch us on You Tube
Friend us on Facebook
Find our photos on Flickr

Notes to Editors:

National Grid

National Grid (LSE: NG; NYSE:NGG) is an electricity and gas company that connects consumers to energy sources through its networks.  The company is at the heart of one of the greatest challenges facing our society - to create new, sustainable energy solutions for the future and developing an energy system that underpins economic prosperity in the 21st century.  National Grid holds a vital position at the centre of the energy system and we 'join everything up'. 

In Britain, we run the gas and electricity systems that our society is built on, delivering gas and electricity across the country.  In the North Eastern US, we connect more than seven million gas and electric customers to vital energy sources, essential for our modern lifestyles.

National Grid in the UK:
• We own the high-voltage electricity transmission network in England and Wales, operating it across Great Britain
• We own and operates the high pressure gas transmission system in Britain
• Our gas distribution business delivers gas to 11 million homes and businesses
• We also own a number of related businesses including LNG importation, land remediation and metering
• National Grid manages the National Gas Emergency Service free phone line on behalf of the industry - 0800 111 999 (all calls are recorded and may be monitored).

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NATIONAL GRID PLC
07/21 NATIONAL GRID : Community Newburyport upgrading street lights
07/21 NATIONAL GRID : Cohasset police/fire log
07/21 NATIONAL GRID : FERC Issues Letter Involving New York Independent System Operato..
07/21 NATIONAL GRID : New Kit Delivered to Substation to Keep Electricity Flowing to G..
07/21 NATIONAL GRID : Governor Cuomo Deploys 100 National Guard After Touring Tornado ..
07/20 NATIONAL GRID : ENERGY Towns sidestep standard electric service More and more mu..
07/20 THE ISSUE : Some communities are boosting their use of renewable energy bypassin..
07/20 THURSDAY, JULY 20, 2017 - BEAT THE H : National Grid Offers 11 Cool Energy Effic..
07/20 UK NATURAL GAS : Robust system weighs on NBP near-term gas prices
07/20 NATIONAL GRID : Public can speak on National Grid rate-hike plan
More news
News from SeekingAlpha
05/19 National Grid's (NGG) CEO John Pettigrew on Q4 2017 Results - Earnings Call T..
05/18 National Grid plc 2016 Q4 - Results - Earnings Call Slides
05/18 National Grid beats by £0.03, misses on revenue
04/26 Fear Is Your Friend
04/23 High Dividend Stock Yields Over 11%, Big Payout Coming Soon - Sell Now
Financials ( GBP)
Sales 2018 15 550 M
EBIT 2018 3 562 M
Net income 2018 2 300 M
Debt 2018 24 842 M
Yield 2018 4,98%
P/E ratio 2018 14,51
P/E ratio 2019 14,35
EV / Sales 2018 3,70x
EV / Sales 2019 3,70x
Capitalization 32 712 M
Technical analysis trends NATIONAL GRID PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
 
Mean consensus HOLD
Number of Analysts 19
Average target price 10,7  GBP
Spread / Average Target 12%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
NATIONAL GRID PLC42 502
NATIONAL GRID PLC0.25%42 502
ENGIE11.96%38 529
ELECTRICITÉ DE FRANCE-2.82%29 365
SEMPRA ENERGY14.20%28 828
PPL CORP13.22%26 336