59.37 +0.59 (1.00%)
Pre-Market: 6:09AM EDT
|Bid||58.88 x 1000|
|Ask||59.30 x 800|
|Day's Range||58.39 - 58.89|
|52 Week Range||44.29 - 69.08|
|Beta (5Y Monthly)||0.15|
|PE Ratio (TTM)||9.13|
|Forward Dividend & Yield||3.09 (5.31%)|
|Ex-Dividend Date||Nov 27, 2019|
|1y Target Est||64.62|
Geronimo Energy (Geronimo), a National Grid company, and Big Rivers Electric Corporation (Big Rivers) announced today the execution of a Power Purchase Agreement (PPA) for the Unbridled Solar Project (Unbridled Solar) in Henderson and Webster Counties, Kentucky. Unbridled Solar is a 160 megawatt (MW) clean solar energy project located in the Midcontinent Independent System Operator (MISO) market.
(Bloomberg) -- The U.K. met almost three-quarters of electricity demand with renewable sources on Saturday afternoon as sunny and breezy weather coincided with low consumption.Renewable energy from wind, solar and hydro peaked at 73% of the U.K.’s generation mix, according to Enappsys Ltd. Levels of green power were so high that National Grid Plc had to turn off thousands of megawatts during the weekend to balance the grid.The grid operator issued three system warnings that it needed to switch off some small wind and solar installations to stabilize the grid. A public holiday this weekend saw demand for power drop, falling to 12,344 megawatts at 5:30 a.m. on Sunday, a modern-day record low for the U.K. system, National Grid data show.A low carbon power system is what Europe is striving for but it doesn’t have all the pieces in place to make it work just yet. Lower demand caused by the pandemic has left grids overloaded with green generation, raising the threat of blackouts.It’s a pattern that’s also playing out in the U.S. where lower demand has meant that a bigger proportion of electricity needs can be met using renewables. Wind and solar farms have an upper hand in many regions because they don’t need to buy fuel.National Grid has been warning about the difficulties of managing the network when demand is about 20% lower than usual due to coronavirus-related restrictions. Last weekend was the first time the network operator has used its so-called optional downward flexibility management service.It has rolled out new tools for the summer to help reduce supply or increase demand. The extra measures will cost 493 million pounds ($553 million) more than last summer.Read here about the impact lower demand is having globallyThe U.K. hasn’t used coal since April 9, a record-long streak. On Saturday, the combination of wind and solar meant the carbon-dioxide intensity of the power system fell to an all-time low of 33 grams a kilowatt-hour, according to data from Drax Electric Insights.The influx of green power means that wholesale costs are falling. Power for Saturday fell to a record minus 10.13 pounds a megawatt-hour. That’s the first time the day-ahead auction has been negative. Several hours change were traded at negative prices during the weekend.Most solar generation in Britain and small smaller wind farms are connected to local networks not owned or controlled by National Grid. The system operator has had to put new agreements in place to be able to turn down these generators. Ofgem granted an emergency measure to disconnect these smaller installations if needed on May 7.National Grid needs some generation like nuclear or gas running to keep turbines spinning and power flowing through the grid at the right frequency. Solar and wind can’t provide the same service and so need to be switched off if there’s not enough demand.(Updates with context in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
New York environmental regulators on Friday denied a water permit for Williams Cos Inc's proposed Northeast Supply Enhancement (NESE) natural gas pipeline from Pennsylvania to New York City. The Department of Environmental Conservation (DEC) said the construction of the project would not meet the state's rigorous water quality standards. Williams has said the project, which includes an offshore pipe between New Jersey and Long Island, New York, will cost about $1 billion and could enter service in time for winter 2021 heating season.
First Solar, Inc. (FSLR) today announced that it has entered into a framework supply agreement with Geronimo Energy, a National Grid company. Under the agreement, First Solar will supply 415 megawatts (MW)DC of its high-performance, eco-efficient Series 6 photovoltaic (PV) modules in 2022. Geronimo Energy, headquartered in Minneapolis, Minnesota, is a leading American renewable energy company, with over 2.4GW of wind and solar operational or under construction, and a multi-gigawatt development pipeline.
Geronimo Energy (Geronimo), a National Grid company, and Cargill announced today the execution of a Virtual Power Purchase Agreement (VPPA) for the Prairie Wolf Solar Project (Prairie Wolf) in Coles County, Illinois. The contract marks the second renewable energy VPPA executed between Cargill and Geronimo, the first being for a portion of the Crocker Wind Farm in Clark County, South Dakota.
Niagara Mohawk Power Corp. (the "Company"), an indirect subsidiary of National Grid USA ("National Grid"), announced that its Board of Directors has declared dividends for the period April 1, 2020 to June 30, 2020 at the following rates for all outstanding series of its preferred stock:
Cascades Containerboard Packaging had considered itself to be an environmentally conscious company long before putting a facility in Niagara County. The company was known as Norampac when management decided to build its Greenpac Mill on Royal Avenue in Niagara Falls. Within a few years, though, plant management realized there was more room for savings.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of National Grid plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of National Grid Electricity System Operator Ltd and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of National Grid Gas Plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
National Grid and Eversource are proposing solutions to provide Greater Boston with enhanced electric reliability and clean energy capacity.
Geronimo Energy (Geronimo), a National Grid company, and Basin Electric Power Cooperative (Basin Electric) announced today the execution of a Power Purchase Agreement (PPA) for the Wild Springs Solar Project (Wild Springs). Wild Springs is a 128 megawatt (MW) clean solar energy project located in Pennington County, South Dakota, approximately 20 miles east of Rapid City. Wild Springs is anticipated to begin operations in 2022. Using the EPA's greenhouse gas equivalencies calculator, the project is estimated to offset carbon dioxide emissions by 190,000 metric tons annually.
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These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But if you pick...
Moody's Investors Service ("Moody's") today affirmed the long-term and short-term ratings of Consolidated Edison, Inc. (ConEd) and its subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY) and Orange and Rockland Utilities, Inc. (O&R).
Moody's Investors Service, (Moody's) has today confirmed the A3 issuer and senior unsecured ratings of The Brooklyn Union Gas Company (KEDNY) and KeySpan Gas East Corporation (KEDLI). The two regulated utilities, local gas distribution companies serving customers in "downstate" New York, are ultimately owned by National Grid plc (National Grid, Baa1 stable). The review was triggered by a 12 November letter from the New York governor to National Grid giving two weeks' notice of his intention to order the regulator to revoke National Grid's franchise in downstate New York unless the group proposed immediate and meaningful measures to resolve a moratorium on new gas connections previously imposed to manage supply constraints.
We at Insider Monkey have gone over 752 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of September 30th. In this article, we look at what those funds think of National Grid plc (NYSE:NGG) based on that […]
Geronimo Energy (Geronimo), a wholly owned subsidiary of National Grid Plc (NYSE: NGG), announced today the start of commercial operations for its Crocker Wind Farm (Crocker), a 200 megawatt (MW) wind energy project located in Clark County, South Dakota. Crocker has Virtual Power Purchase Agreements (VPPAs) in place with leading corporations, Walmart and Cargill. The project was built by Wanzek Construction and utilizes GE 2.7-116 wind turbines.
Today we are going to look at National Grid plc (LON:NG.) to see whether it might be an attractive investment...
National Grid, which will invest most of that money in new energy conservation and clean energy projects, said in a statement it will immediately lift the moratorium on signing up new gas customers for about two years. National Grid, which owns and operates electricity transmission networks in the United Kingdom, also supplies power and gas to customers in New York and New England in the United States, including about 1.8 million gas customers in New York City and Long Island.