National Grid ADR repsg 5 Ord Shs V.NGG

Primary Symbol: NGG Alternate Symbol(s): NGGTF

Utilities Utilities - Diversified

National Grid plc is a United Kingdom-based energy company. The Company's principal activities involve the transmission and distribution of electricity in Great Britain and of electricity and gas in the northeastern United States. Its segments include UK Electricity Transmission, UK Electricity Distribution, New England, New York and National Grid Ventures. The UK Electricity Transmission segment includes the high-voltage electricity transmission networks in England and Wales. The UK Electricity Distribution segment includes the electricity distribution networks of NGED in the East Midlands, West Midlands and Southwest of England and South Wales. The New England segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New England. The New York segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New York.

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National Grid ADR repsg 5 Ord Shs

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Comment by grumpymonkey007on Jul 06, 2009 7:03am

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Post# 16118527

RE: No further dilution this year

Beaver,

Notice the emphasis upon operations only - not mine development. The bigger issue for financing is actually the 50MM or so required to put Imwauna and the deeper Sinivit infrastructure in place.

Besides, asking NGG to remain cash flow positive is easier said than done and remember that NGG only have a about 4 months worth of cash up their sleeve (not including external expert support and any further equipment acquisition).

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