Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
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  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
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  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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National Grid PLC (NG.)

  Print      Mail a friend       Annual reports

Wednesday 07 December, 2011

National Grid PLC

Publication of RIIO-GD1 Business Plans

RNS Number : 5168T
National Grid PLC
07 December 2011
 



 

7 December 2011                            

 

National Grid plc

 

Publication of RIIO-GD1 Business Plans for 2013-2021

 

As part of the process for agreeing new price controls (RIIO-GD1), National Grid has submitted to Ofgem business plans for its four UK Gas Distribution networks covering the period April 2013 to March 2021. National Grid is publishing those business plans today and will be hosting a web-based conference call to set out the highlights and provide an opportunity for investors and analysts to ask questions.

 

The business plans are National Grid's realistic assessment of the investment and financial framework required to deliver a safe and reliable network alongside quality service and value for money for the customer while safeguarding the interests of future generations.

 

The plans, which reflect an extensive programme of stakeholder engagement, recommend a baseline total capital and operating investment of around £13.5bn over eight years, including £5.4bn of replacement expenditure.

 

If the business plans were to be adopted in all aspects for the next price control the net impact by the end of the eight year period would be an increase in real terms on a typical annual household bill of around £8 across National Grid's networks, less than £1 p.a. In addition, the plans would see regulated asset value rise by 4% p.a. over the period.

 

In its submission, National Grid has set out appropriate financial proposals to accompany the business plans, including an allowed cost of equity of 7.2%, a gearing ratio of 53% and transitional arrangements including the migration of the treatment of a portion of replacement expenditure from operating cost to capital cost and additional depreciation on some existing assets.

 

The business plans will be available from 4pm today on National Grid's website, at www.nationalgrid.com.

 

John Pettigrew, Chief Operating Officer, UK Gas Distribution and Metering commented:

 

"Our gas networks will play an important part in the move towards a low carbon future, continuing to provide energy to around 11 million customers. These plans cover an eight year period, over which time the usage of our system and our work on that system is expected to be subject to considerable change.

 

The plans represent a well developed and realistic solution to these challenges, delivering safety and reliability along with meeting the needs of current and future customers in an affordable way, and providing adequate returns to existing providers of capital

 

We look forward to receiving Ofgem's response in February and to discussing these proposals further with them as we work towards an appropriate outcome for all stakeholders."

 

 

 

 

CONTACTS

 

National Grid:

 

Investors                                                                                                                                                                    

John Dawson

+44 20 7004 3170

+44 7810 831944 (m)

George Laskaris

+1 718 403 2526

+1 917 375 0989 (m)

Andy Mead

Victoria Davies

+44 20 7004 3166

+44 20 7004 3171

+44 7752 890787 (m)

+44 7771 973447 (m)

Michael Smart

+44 20 7004 3214

+44 7767 298988 (m)

Iwan Hughes

Tom Hull

+44 20 7004 3169

+44 20 7004 3172

+44 7900 405898 (m)

+44 7890 534833 (m)

 

 

Media                                                                                                                                                                          

Gemma Stokes

+44 1926 655272

+44 7974 198333 (m)

Chris Mostyn

+44 20 7004 3149

+44 7774 827710 (m)

Isobel Rowley

+44 1926 655275

+44 7917 211116 (m)

 

Brunswick

Tom Burns

Rebecca Shelley

Tom Batchelar

 

 

+44 207 404 5959

 

 

WEBINAR

 

An investor webinar hosted by John Pettigrew, Paul Whittaker and John Dawson to discuss the detail of the submissions will be held today, Wednesday 7 December 2011 at 2pm (UK time).

 

To view and listen live to the webinar please use this link:

 

http://www.media-server.com/m/p/g4iu95iy

 

You can also dial in using the following numbers (please note - Investors and Analysts who wish to participate in the Question & Answer section of the webinar need to join via the conference call):

UK:  +44 (0)20 7784 1036

US:  +1 646 254 3364

Please quote confirmation number 2342961 when dialling into the conference

If you cannot make the webinar a replay facility will be available shortly after the webinar has finished by following the link above or alternatively at www.nationalgrid.com/investors 

 

 

 

 

 

 

 

 

 

 

 

CAUTIONARY STATEMENT

This announcement contains certain statements that are neither reported financial results nor other historical information. These

statements are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and

Section 21E of the Securities Exchange Act of 1934, as amended. These statements include information with respect to National

Grid's financial condition, its results of operations and businesses, strategy, plans and objectives. Words such as 'anticipates',

'expects', 'intends', 'plans', 'believes', 'seeks', 'estimates', 'targets', 'may', 'will', 'continue', 'project' and similar expressions, as well

as statements in the future tense, identify forward-looking statements. These forward-looking statements are not guarantees of

National Grid's future performance and are subject to assumptions, risks and uncertainties that could cause actual future results to

differ materially from those expressed in or implied by such forward-looking statements. Many of these assumptions, risks and

uncertainties relate to factors that are beyond National Grid's ability to control or estimate precisely, such as changes in laws or

regulations and decisions by governmental bodies or regulators; breaches of, or changes in, environmental, climate change and

health and safety laws or regulations, including breaches arising from the potentially harmful nature of its activities; network failure

or interruption, the inability to carry out critical non network operations and damage to infrastructure, owing to adverse weather

conditions or otherwise; performance against regulatory targets and standards and against National Grid's peers with the aim of

delivering stakeholder expectations regarding costs and efficiency savings, including those related to restructuring and internal

transformation projects; and customers and counterparties failing to perform their obligations to the Company and its

arrangements with the Long Island Power Authority not being renewed. Other factors that could cause actual results to differ

materially from those described in this announcement include fluctuations in exchange rates, interest rates and commodity price

indices; restrictions in National Grid's borrowing and debt arrangements, funding costs and access to financing; National Grid's

status as a holding company with no revenue generating operations of its own; inflation; seasonal fluctuations; the funding

requirements of its pension schemes and other post-retirement benefit schemes; the loss of key personnel or the ability to attract,

train or retain qualified personnel and any disputes arising with its employees or the breach of laws or regulations by its

employees; accounting standards, rules and interpretations, including changes of law and accounting standards and other factors

that may affect National Grid's effective rate of tax; and incorrect or unforeseen assumptions or conclusions relating to business

development activity. For a more detailed description of some of these assumptions, risks and uncertainties, together with any

other risk factors, please see National Grid's filings with and submissions to the US Securities and Exchange Commission (the

'SEC') (and in particular the 'Risk factors' and 'Operating and Financial Review' sections in our most recent Annual Report on Form

20-F as updated by National Grid's unaudited half year report from the six months ended 30 September 2011 published on 17 November 2011). The effects of these factors are difficult to predict. New factors emerge from time to time and National Grid cannot assess the potential impact of any such factor on its activities or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Except as may be required by law or regulation, National Grid undertakes no obligation to update any of its forward-looking statements, which speak only as of the date of this announcement. The content of any website references herein do not form part of this announcement.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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