Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  National Grid plc    NG.   GB00BDR05C01

NATIONAL GRID PLC

(NG.)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

National Grid : Crews Continue to Focus on Public Safety, Restore Power Following Severe Eastern New York Wind Storm

10/08/2020 | 01:10pm EST
National Grid Crews Continue to Focus on Public Safety, Restore Power Following Severe Eastern New York Wind Storm Oct 08, 2020 - 11:00 AM

Contact: Patrick Stella: 518-433-3838

ALBANY, NY - More than 1,700 National Grid line, tree, and service workers in eastern New York continue to focus on public safety as they remove downed wires, trees, tree limbs, broken poles, and other hazards after a sudden and severe storm swept across the region yesterday. Crews worked through the night in challenging conditions and have restored service to nearly 75,000 of the more than 200,000 National Grid customers affected across the area.

'This is one of the most damaging storms we have seen in eastern New York in a very long time,' said Matt Barnett, National Grid's Vice President of New York Electric Operations. 'We continue to prioritize public safety as we clean up the widespread damage that includes uprooted trees and downed power lines. In addition to these critical public safety activities, we are assessing the damage to our system and equipment in order to provide estimated restoration times.'

Barnett noted that cleanup, reconstruction, and restoration will be labor-intensive and time-consuming, with some outages in the hardest-hit areas of eastern New York potentially extending beyond 48 hours. He added that hundreds of additional contractors are arriving today and tomorrow to support the restoration efforts. Areas experiencing the most intense storm damage include Albany, Rensselaer, Saratoga, Schenectady, Columbia, and Montgomery Counties.

National Grid continues to work closely with local officials to coordinate restoration efforts. Customers are reminded to remain aware of potential safety hazards such as damaged trees, particularly broken limbs that haven't yet fallen to the ground. As always, all downed wires should be considered live and dangerous. All downed wires should immediately be reported to National Grid at 1-800-867-5222 or by calling 911.

Estimated Restoration Times

  • In the early stages of a storm, restoration times on National Grid's Outage Central site may be listed as 'assessing conditions.' This is because debris such as trees, tree limbs, and downed wires, must be cleared away so that damage to our equipment can be assessed and restoration plans can be executed.
  • It's normal for outage numbers and Estimated Restoration Times to fluctuate as we de-energize lines to make conditions safe for repairs. Additionally, there could be new outages that occur if strong, damaging winds continue.
  • Outage Central Reminder: Our Outage Central page shows the estimated time of restoration for communities and reflects the estimated time for the last customer in that community to have power restored. The most accurate way for customers to check on the power restoration estimate for their specific address is to log into our Report or Check Outage page.

The Restoration Process

The company's first priority is to ensure the safety of our customers and our crews by clearing away dangers such as live, downed power lines. Next come repairs to main transmission facilities, including towers, poles, and high-tension wires that deliver power to thousands of customers. Recovery work at local substations also is a top priority, followed by repairs to neighborhood circuits, transformers, and service wires. Click here for information about the company's restoration process.

As restoration work continues, National Grid continues to urge the public to be cautious around downed wires and debris, and offers the following safety tips:

Electricity & Generator Safety

  • If a power outage occurs, customers can notify National Grid online to expedite restoration.
  • Never touch downed power lines; always assume they are carrying live electricity. Downed lines should be immediately reported to National Grid at 1-800-867-5222 or by calling 911.
  • Generators used to supply power during an outage must be operated outdoors to prevent the buildup of deadlycarbon monoxide. Before operating a generator, be sure to disconnect from National Grid's system by shutting off the main breaker, located in the electric service panel. Failure to do this could endanger our crews and your neighbors.
  • Customers who depend on electrically powered life support equipment, such as a respirator, should register as a life support customer by calling National Grid at 1-800-642-4272. (In a medical emergency, always dial 911.)
  • Keep a number of working flashlights and an extra supply of batteries in your home.
  • Charge all electronic devices.
  • Please use caution when driving near emergency responders and crews restoring power.
  • Be sure to check on elderly family members, neighbors, and others who may need assistance during an outage.

Stay informed and connected:

  • Customers can receive personalized alerts by text, email, and/or phone when an outage is detected at their property by enrolling in the company's outage alert option. To register, text REG to 64743, enter your National Grid electricity account number, and select your preferred method(s) of notification. Customers also can text OUT to 64743 to report an outage.
  • For real-time power outage information, online outage reporting, and in-depth storm safety information, visit National Grid's Outage Central website. Customers who create an online profile also can register to receive email alerts.
About National Grid

About National Grid: National Grid (NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York, Massachusetts, and Rhode Island. National Grid is transforming our electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions to meet the goal of reducing greenhouse gas emissions.

For more information, please visit our website, follow us on Twitter, watch us on YouTube, friend us on Facebook, and find our photos on Instagram.

Disclaimer

National Grid plc published this content on 08 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2020 17:09:03 UTC


© Publicnow 2020
All news about NATIONAL GRID PLC
12/03NATIONAL GRID : Transitions to Regional Focus and Appoints Key Leaders
PU
12/03NATIONAL GRID : UK's National Grid says electricity supply margin below threshol..
RE
12/02NATIONAL GRID : Fitch Revises National Grid's Outlook to Negative; Affirms IDR a..
AQ
11/30UK Network Companies' Innovation Projects Awarded GBP57.6 Million
DJ
11/30NATIONAL GRID : Britain's National Grid gets funding for hydrogen research facil..
RE
11/30NATIONAL GRID : Four States Plunged Into Darkness As National Grid Collapses
AQ
11/26NATIONAL GRID PLC : Ex-dividend day for optional dividend
FA
11/25Britain's National Grid expects tight power margins over next few days
RE
11/24London stocks end at multi-month highs on vaccine optimism, commodity gains
RE
11/24Kenya's KenGen says peak power demand tops pre-COVID-19 levels
RE
More news
Financials
Sales 2021 15 095 M 20 302 M 20 302 M
Net income 2021 1 837 M 2 471 M 2 471 M
Net Debt 2021 31 322 M 42 128 M 42 128 M
P/E ratio 2021 16,3x
Yield 2021 5,77%
Capitalization 30 205 M 40 746 M 40 626 M
EV / Sales 2021 4,08x
EV / Sales 2022 4,14x
Nbr of Employees 23 069
Free-Float 92,8%
Chart NATIONAL GRID PLC
Duration : Period :
National Grid plc Technical Analysis Chart | NG. | GB00BDR05C01 | MarketScreener
Technical analysis trends NATIONAL GRID PLC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 1 014,63 GBX
Last Close Price 858,00 GBX
Spread / Highest target 39,9%
Spread / Average Target 18,3%
Spread / Lowest Target -6,76%
EPS Revisions
Managers
NameTitle
John Mark Pettigrew Chief Executive Officer & Executive Director
Peter Oliver Gershon Chairman
Andrew Jonathan Agg Chief Financial Officer & Executive Director
Adriana Karaboutis Group Chief Information & Digital Officer
Lisa M. Lambert Chief Technology & Innovation Officer
Sector and Competitors
1st jan.Capitalization (M$)
NATIONAL GRID PLC-8.55%40 746
SEMPRA ENERGY-12.85%37 914
ENGIE-12.60%37 318
E.ON SE-4.26%28 723
RWE AG27.97%28 594
PPL CORPORATION-20.48%21 935