Previous Close | 67.83 |
Open | 67.98 |
Bid | 68.18 x 800 |
Ask | 68.19 x 800 |
Day's Range | 67.93 - 68.39 |
52 Week Range | 56.41 - 74.48 |
Volume | |
Avg. Volume | 422,480 |
Market Cap | 50.752B |
Beta (5Y Monthly) | 0.28 |
PE Ratio (TTM) | 15.61 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 3.54 (5.18%) |
Ex-Dividend Date | Nov 22, 2023 |
1y Target Est | N/A |
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National Grid (NGG) to work on the Upstate Upgrade Program across New York to modernize the transmission system to meet the expanded electricity needs of the growing economy.
The money will go toward 70 projects, which will include building substations and rebuilding more than 1,000 miles of transmission lines connecting towns near Buffalo, Rochester and Syracuse.
The U.S. unit of Britain's National Grid said on Wednesday it would invest more than $4 billion to improve New York's infrastructure to meet growing demand for more reliable and cleaner energy. The energy firm said the investment program named "Upstate Upgrade", which includes more than 70 projects through 2030, would generate jobs and more than $1 billion in additional economic gains. On one hand, electric vehicles and artificial intelligence are boosting power demand, and on the other, the U.S. power grid, strained by storms, floods and heat waves, is struggling to meet existing needs.