National Grid agrees £20m payout for failures [Yahoo! Finance]
National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG)
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Source: Yahoo! Finance
National Grid has agreed to pay millions of pounds after admitting failures at a substation at Harker [BBC] National Grid has agreed a £20m payout after admitting failures at a rural substation. National Grid Electricity Transmission plc (NGET) will pay the settlement into regulator Ofgem's voluntary redress scheme, which supports energy-related projects to protect vulnerable people and reduce carbon emissions. NGET had admitted historic failures to properly monitor, maintain and repair assets at a substation in Harker, near Carlisle, between 2016 and 2021. A spokesman for National Grid said repairs and changes to how the company managed assets at the substation were completed by 2022. The spokesman added: "A major programme of investment at Harker began in 2024 to rebuild and upgrade the entire site, including replacing the existing substations with two new substations adjacent to the current site." The site serves customers across the North West and connects to the near
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News
- National Grid Transco (NGG) was downgraded by Zacks Research from "strong-buy" to "hold".MarketBeat
- NGET agrees to $23m settlement for Harker substation failures [Yahoo! Finance]Yahoo! Finance
- National Grid signs contracts for electricity transmission project in UK [Yahoo! Finance]Yahoo! Finance
- New Energy Equity Brings Moriah Community Solar Project Online, Delivering Energy and Economic Benefits to the Adirondack Region [Yahoo! Finance]Yahoo! Finance
- National Grid plc (NGG) Shareholder/Analyst Call Transcript [Seeking Alpha]Seeking Alpha
NGG
Sec Filings
- 3/2/26 - Form 6-K
- 2/27/26 - Form S-8
- 2/27/26 - Form 6-K
- NGG's page on the SEC website