Investors in National Grid PLC (LON:NG.) will share �4bn ... On completion of the disposal, National Grid will receive a payment of �3.6bn in cash from the consortium and will own a 39% minority equity interest in a new holding company owning the business.
National Grid is expected to choose a preferred bidder for its �11bn gas pipe network this week, in what will be viewed as a test case of the Government's attitude towards Chinese investment in critical infrastructure.
Carillion currently yields 7.5%. This is higher than frequently purchased dividend shares such as National Grid plc (LON:NG), Unilever plc (LON:ULVR), Imperial Brands PLC (LON:IMB) and Aviva plc (LON:AV).
That said, no company is ever perfect. With this in mind, does the sizeable drop in profits in today's interim results from the traditionally unflappable FTSE 100 titan National Grid(LSE: NG) suggest holders should look elsewhere in the utility universe?
LONDON--U.K. energy watchdog Ofgem said Tuesday it has launched a review of the price-control system for National Grid PLC's (NG.LN) Fleetwood natural gas grid entry point with a view to determining whether gas suppliers still need entry capacity.