The initial 2021-2026 £30-35bn investment plan unveiled in November 2021 which was transformed into ‘up to £40bn’ in November 2022 is now expected to be around £42bn. This represents a programme build-up to increase the asset base at a 8-10% CAGR and EPS at 6-8% while maintaining regulatory gearing in the low-70% range.
10 Nov 2023
HY23/24: Guidance maintained, capex still growing
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HY23/24: Guidance maintained, capex still growing
National Grid plc (NG:LON) | 1,054 -58 (-0.5%) | Mkt Cap: 39,215m
- Published:
10 Nov 2023 -
Author:
Pierre-Alexandre Ramondenc -
Pages:
3
The initial 2021-2026 £30-35bn investment plan unveiled in November 2021 which was transformed into ‘up to £40bn’ in November 2022 is now expected to be around £42bn. This represents a programme build-up to increase the asset base at a 8-10% CAGR and EPS at 6-8% while maintaining regulatory gearing in the low-70% range.