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Stock impact report

Lightning strike caused power cut in Britain: grid operator [Reuters (UK)]

National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG) 
US:NYSE Investor Relations: investors.nationalgrid.com
Company Research Source: Reuters
Lightning strike caused power cut in Britain: grid operator - Reuters 4 Min Read LONDON (Reuters) - A blackout in Britain which cut power to one million customers and caused transport chaos on Aug. 9 was due to a lightning strike, the grid operator said in a report to regulator Ofgem, which said on Tuesday it would investigate the matter further. Ofgem commissioned the report into the causes of the outages from National Grid and said it would open its own investigation to establish whether any of the grid and network operators or generators breached their licence conditions. “Having now received National Grid’s interim report, we believe there are still areas where we need to use our statutory powers to investigate these outages,” said Jonathan Brearley, Ofgem’s executive director of systems and networks. “This will ensure the industry learns the relevant lessons and to clearly establish whether any firm breached their obligations to deliver secure power supplies to consumers.” Ofgem’ Show less Read more
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