NATIONAL GRID TRANSCO PLC NATIONAL GRID PLC (NEW) AMERICAN DEPOSITARY SHARES
Sector: Gas Utilities
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National Grid plc, a utility company, engages in the transmission and distribution of electricity and gas in the United Kingdom and the United States. It owners and operates gas and electricity transmission and gas distribution networks in the United Kingdom and the United States, and electricity distribution networks in the United States. The company owns and operates the high-voltage electricity system in England and Wales, and the high pressure gas transmission system in Britain. It also owns electricity transmission systems in the northeastern U.S. and manages a range of electricity transmission operations for utilities in the U.S. Midwest. National Grid had a gas transmission network comprised of approximately 4,300 miles of high pressure national transmission pipelines; the U.K. gas distribution system of approximately 82,000 miles of distribution pipelines; the U.S. electricity transmission systems of approximately 14,000 circuit miles of transmission and subtransmission lines; and the U.S. electricity and gas distribution systems of approximately 72,000 circuit miles of electric distribution lines located on rights-of-way in New England and New York, and approximately 8,500 miles of gas distribution pipelines located on rights-of-way in New York, as of March 31, 2005. National Grid distributes electricity in the northeastern U.S. to approximately 3.3 million customers and gas in upstate New York to approximately 565,000 customers. In addition, it provides infrastructure and related services in areas, such as wireless network infrastructure for broadcast and mobile telephones, metering, grain liquefied natural gas import, interconnectors, and property. The company was formerly known as National Grid Transco plc and changed its name to National Grid plc in July 2005. National Grid plc is based in London.