National Grid (NYSE: NGG) is an electricity and gas utility company domiciled in the United Kingdom.
The company’s history dates back to 1840s. However, it was incorporated as National Grid Plc in 1990. The London-based company has presence in over 900 cities and towns across New York and New England.
It is investor-owned utility company that focuses on transmission and distribution of gas and electricity. It operates and owns electricity transmission network in Wales and England, provides electricity services in Scotland and United States. In addition, the company operates an extensive gas transmission network in the regions of Great Britain. The company operates in the utilities sector and electric utilities sub-industry.
The electricity transmission company claims to serve more than 3.2 million. The company’s American Depository Receipts (ADR) trade on the New York Stock Exchange with the ticker ‘NGG’. ADR represents the securities of foreign company traded in the financial markets of the United States. It is a pathway for US-based investors to trade the stocks of non-US companies by not using the local exchanges.
The utility company’s principal partners consist of national grid business and national grid ventures.
The National Grid Ventures operates, invests, and develops in large scale projects, partnerships and technologies across the United States and the United Kingdom to transmit clean energy.
The National Grid Electric System Operator (ESO) is presently working on developing an electricity system that will be carbon-free by 2025. It also aims to provide clean, affordable and fair energy future.
The British company claims to actively support and promote the United Nations Sustainable Development Goals, which consists of 169 targets and 17 goal to end poverty, promote peace, environmental protection, energy saving, etc.
The subsidiaries of the company include Western Power Distribution, IFA2 SAS, Brooklyn Union Gas, Narragansett Electric, New England Power, NGG Finance plc, SST Limited, Second Street Associates LLC, Boston gas Company, National Grid Lng, LLC and, Pinon Pine Solar LLC.