Welcome to our dedicated page for National Grid news (Ticker: NGG), a resource for investors and traders seeking the latest updates and insights on National Grid stock.
National Grid plc (NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through its networks in New York and Massachusetts. News about National Grid often focuses on how the company is transforming its electricity and gas networks with smarter, cleaner, and more resilient energy solutions to help meet climate goals and reduce greenhouse gas emissions.
Investors and observers following NGG news will see regular updates on grid modernization initiatives, technology partnerships, and regulatory developments. Recent announcements include a collaboration with a climate resilience planning platform to deploy AI technology that identifies and helps prevent wildfire risks across electric transmission and distribution networks in Massachusetts, New York, and the United Kingdom. Other coverage highlights National Grid’s work with virtual power plant platforms to use grid‑interactive buildings in New York and Massachusetts to support grid reliability and state climate programs.
National Grid news also covers customer and operations topics, such as the adoption of a cloud‑based customer service and billing platform for millions of customers in Massachusetts and New York, and the company’s social impact activities. Examples include the Grid for Good Global Day of Service, where employees in the US and UK volunteer on community projects, and joint initiatives that expand access to STEM education and clean energy workforce opportunities.
Regulatory and financial updates appear frequently in National Grid’s news flow, including half‑year results, capital investment plans, and UK and US regulatory decisions. For anyone tracking NGG, this page provides a single place to review company announcements, technology collaborations, community initiatives, and regulatory disclosures over time.
National Grid Renewables has commenced construction on the 200 MW Prairie Wolf Solar Project in Coles County, Illinois. The initiative aims to enhance the electric grid with clean energy while generating substantial economic benefits, including millions in tax revenue and increased landowner income. A Virtual Power Purchase Agreement (VPPA) with Cargill is already in place. Expected to offset 285,000 metric tons of CO2 emissions annually, the project is slated to create local jobs and contribute approximately $800,000 to community funds over 20 years.
Urbint and National Grid have teamed up to enhance worker safety using AI technology. The Urbint Lens for Worker Safety will be deployed across National Grid's U.S. service areas to identify potential hazards, aiming to reduce serious injuries and fatalities in the field. Recent data shows serious worker injuries have not decreased significantly in 14 years, highlighting the urgency of this collaboration. The AI-driven solution analyzes worksite data to provide actionable safety insights, helping utilities protect their essential workers effectively.
Niagara Mohawk Power Corp., an indirect subsidiary of National Grid, has declared dividends on preferred stock for the period from January 1 to March 31, 2021. The rates are: 0.85% for the 3.40% Series, 0.90% for the 3.60% Series, and 0.975% for the 3.90% Series. Dividends are payable on March 31, 2021, to shareholders on record as of March 17, 2021. National Grid provides service to approximately 1.6 million electricity customers and 565,000 natural gas customers in upstate New York.
Niagara Mohawk Power Corp., a subsidiary of National Grid, announced preferred stock dividends for Q4 2020. Dividends include: 0.85% on 3.40% Series, 0.90% on 3.60% Series, and 0.975% on 3.90% Series, all based on a $100 par value. These payments are set for December 31, 2020, for shareholders on record by December 17, 2020. The Company serves 1.6 million electric and 565,000 gas customers in upstate New York.
National Grid has launched National Grid Renewables, its new brand for US renewable energy operations, emphasizing its commitment to accelerating the clean energy transition. This initiative follows the acquisition of Geronimo Energy in July 2019, aiming to develop large-scale renewable assets including solar and wind projects. As of now, the company has signed over 500 megawatts of contracts with customers and aims to boost job creation and community economic development. The brand supports National Grid's vision of a net zero energy future and includes a partnership with Sunrun for developing grid services.
On August 13, 2020, Geronimo Energy announced the establishment of the Crocker Community Fund Board to support local communities connected to the 200 MW Crocker Wind Farm in Clark County, SD. This initiative is part of American Wind Week and aims to provide approximately $800,000 in charitable funding over 20 years, with annual contributions of $40,000. The wind farm is expected to generate $18 million in new tax revenue and $24 million in landowner payments. Geronimo has committed over $9.6 million in Community Funds across the nation to date.
Niagara Mohawk Power Corp., a subsidiary of National Grid, declared dividends for preferred stock for the period from July 1, 2020, to September 30, 2020. The rates are: 0.85% on the $100 par value, 3.40% Series; 0.90% on the $100 par value, 3.60% Series; and 0.975% on the $100 par value, 3.90% Series. The dividends will be payable on September 30, 2020, to shareholders of record as of September 16, 2020. National Grid serves 1.6 million electricity and 565,000 natural gas customers in upstate New York.
Geronimo Energy celebrates the operational success of the 194 MW Green River Wind Farm in Illinois. Starting construction in June 2018, the project now generates economic benefits, including $35 million in tax revenue and $20 million in landowner payments over 20 years. The facility has created 11 permanent jobs and supports local education with an estimated $650,000 revenue boost for two school districts. Collaborations with companies like Apple and Akamai enhance access to renewable energy. The Green River Community Fund will distribute $776,000 over 20 years for local charities.