UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Date: 03 August 2026
Commission File Number: 001-14958
NATIONAL GRID plc
(Translation
of registrant’s name into English)
England and Wales
(Jurisdiction
of Incorporation)
1-3 Strand, London, WC2N 5EH, United Kingdom
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
☒ Form 20-F ☐ Form 40-F
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(1): ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(7): ☐
Indicate
by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3- 2(b) under the Securities
Exchange Act of 1934. ☐ Yes ☒ No
If
“Yes” is marked, indicate below the file number
assigned to the registrant in connection with Rule 12g3-2(b):
n/a
EXHIBIT INDEX
|
Exhibit
No.
|
Description
|
|
99.1
|
Exhibit
99.1 Announcement sent to the London Stock Exchange on 03 August
2026 —
National Grid simplifies its operating model
|
Exhibit
99.1
3 August 2026
National Grid plc
National Grid simplifies its operating model to sharpen performance
and delivery
National Grid today announces a new operating model to increase
accountability across the core aspects of its strategic framework,
designed to sharpen execution, improve performance and deliver
better outcomes for customers and shareholders.
Effective 1 September 2026, the Group Executive Committee will
reduce from 13 to 8 members. The leadership of individual business
units in each of its markets will combine under single UK and US
Presidents, both accountable for continuous improvement in
operational performance, through disciplined execution and the
scaled deployment of proven technology. They will be supported by a
dedicated Global Capital delivery team, a Global Technology and
Innovation team, and three Group Functions - People, General
Counsel - and Finance, which will take sole accountability for
strategy, M&A and growth across the enterprise, under the Chief
Financial Officer.
Cordi O'Hara has been appointed President, UK, responsible for both
the Electricity Distribution and Transmission businesses. Her
priorities will be to consistently drive excellent operational
performance and customer service as well as strengthening regional
regulatory and stakeholder engagement as we continue to modernise
and expand our energy networks.
Sally Librera has been appointed President, US, on an interim basis
while an internal and external search concludes. She will lead
National Grid's electricity and natural gas businesses across New
York and New England, with the same performance, alignment and
engagement objectives as the UK.
National Grid Ventures activities in the UK and the US will be
overseen by the relevant geographic President.
Carl Trowell is appointed President of Global Capital. This new
team will build on the strong foundations of our capital investment
programme to ensure best-in-class delivery across the enterprise,
supporting further, and more consistent improvements to cost and
schedule performance.
Alice Delahunty is appointed Chief Technology and Innovation
Officer. Bringing enterprise-wide focus to one of National Grid's
most significant strategic levers, she will be accountable for
deploying technology at scale to enhance productivity, optimise
network capacity and improve customer experience, accelerating
delivery and opening future growth opportunities. National Grid
Partners, our innovation incubator, will be core to this new team,
bringing successful pilots into global deployment - at
speed.
Other group functions will provide expert enterprise-wide
capabilities, helping National Grid move with greater pace and
clarity to deliver strong financial and operational
performance.
Zoë Yujnovich, Chief Executive, National Grid,
said:
"National Grid is delivering the largest investment programme in
its history, committing at least £70 billion to modernise and
expand the energy networks across the UK and the US Northeast to
support electrification. This demands an organisation with absolute
clarity of accountability and a relentless focus on performance. By
empowering dedicated geographic leaders to focus on business
performance, supported by clear owners of both Global Capital
delivery, and Technology and Innovation, we are better positioned
to continuously improve performance, deliver our capital programme
with precision, and achieve the big shifts we have defined in our
strategy - at pace.
"We're laser focused on delivering reliable and affordable energy
for our customers, communities and other stakeholders, in turn
supporting economic growth and driving attractive returns for our
shareholders."
There is no change to the Group's financial reporting business unit
structure, which will continue to report UK Electricity
Transmission, UK Electricity Distribution, New York, New England
and National Grid Ventures separately.
From 1 September 2026 the reshaped Executive Committee will
be:
● Zoë Yujnovich, Chief
Executive
● Andy Agg, Chief Financial
Officer
● Cordi O'Hara, President,
UK
● Sally Librera, Interim President,
US
● Carl Trowell, President of Global
Capital
● Alice Delahunty, Chief Technology and
Innovation Officer
● Emma Hardaker-Jones, Chief People
Officer
● Justine Campbell, Chief Legal
Officer
Enquiries and contacts
Investors and Analysts
|
Andrew Downey
|
+44
(0) 7926 285 683
|
|
Tom Edwards
|
+44
(0) 7976 962 791
|
|
Cerys Reece
|
+44
(0) 7860 382 264
|
|
|
|
Media
|
Illtud Harri
|
+44
(0) 7920 503 600
|
CAUTIONARY STATEMENT
This announcement contains certain statements that are neither
reported financial results nor other historical information. These
statements are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
statements include information with respect to National Grid's (the
Company) financial condition, its results of operations and
businesses, strategy, plans and objectives. Words such as 'aims',
'anticipates', 'expects', 'should', 'intends', 'plans', 'believes',
'outlook', 'seeks', 'estimates', 'targets', 'may', 'will',
'continue', 'project' and similar expressions, as well as
statements in the future tense, identify forward-looking
statements. This announcement also references
sustainability-related targets and sustainability-related risks
(including climate-related targets and climate-related risks) which
differ from conventional financial risks in that they are complex,
novel and tend to involve projection over long term scenarios which
are subject to significant uncertainty and change. These
forward-looking statements and targets are not guarantees of
National Grid's future performance and are subject to assumptions,
risks and uncertainties that could cause actual future results to
differ materially from those expressed in or implied by such
forward-looking statements and targets. Many of these assumptions,
risks and uncertainties relate to factors that are beyond National
Grid's ability to control or estimate precisely, such as changes in
laws or regulations and decisions by governmental bodies or
regulators, including those relating to current and upcoming price
controls in the UK and rate cases in the US; the timing of
construction and delivery by third parties of new generation
projects requiring connection; breaches of, or changes in,
environmental, climate change and health and safety laws or
regulations, including breaches or other incidents arising from the
potentially harmful nature of its activities; network failure or
interruption, the inability to carry out critical non-network
operations and damage to infrastructure, due to adverse weather
conditions including the impact of major storms as well as the
results of climate change, due to counterparties being unable to
deliver physical commodities; reliability of and access to IT
systems, including due to the failure of or unauthorised access to
or deliberate breaches of National Grid's systems and supporting
technology; failure to adequately forecast and respond to
disruptions in energy supply; performance against regulatory
targets and standards and against National Grid's peers with the
aim of delivering stakeholder expectations regarding costs and
efficiency savings, including affordability considerations, as well
as against targets and standards designed to support its role in
the energy transition; and customers and counterparties (including
financial institutions) failing to perform their obligations to the
Company. Other factors that could cause actual results to differ
materially from those described in this announcement include
fluctuations in exchange rates, interest rates and commodity price
indices; restrictions and conditions (including filing
requirements) in National Grid's borrowing and debt arrangements,
funding costs and access to financing; regulatory requirements for
the Company to maintain financial resources in certain parts of its
business and restrictions on some subsidiaries' transactions such
as paying dividends, lending or levying charges; the delayed timing
of recoveries and payments in National Grid's regulated businesses,
and whether aspects of its activities are contestable; the funding
requirements and performance of National Grid's pension schemes and
other post-retirement benefit schemes; the failure to attract,
develop and retain employees with the necessary competencies,
including leadership and business capabilities, and any significant
disputes arising with National Grid's employees or breaches of laws
or regulations by its employees; the failure to respond to market
developments, including competition for onshore transmission; the
threats and opportunities presented by emerging technology,
including AI; the risk that global actions may not be effective in
transitioning to net zero and in managing relevant ESG risks,
including in particular climate, nature-related and human rights
risks; the failure by the Company to respond to, or meet its own
commitments as a leader in relation to, climate change development
activities relating to energy transition, including the integration
of distributed energy resources, which may result in the Company's
failure to achieve the expected benefits of its strategic
priorities; and the need to grow the Company's business to deliver
its strategy, as well as incorrect or unforeseen assumptions or
conclusions (including unanticipated costs and liabilities)
relating to business development activity, including its strategic
infrastructure projects and joint ventures. For further details
regarding these and other assumptions, risks and uncertainties that
may affect National Grid, please read the Strategic Report section
and the 'Risk factors' on pages 227 to 231 of National Grid's
Annual Report and Accounts for the year ended 31 March 2026. In
addition, new factors emerge from time to time and National Grid
cannot assess the potential impact of any such factor on its
activities or the extent to which any factor, or combination of
factors, may cause actual future results to differ materially from
those contained in any forward-looking statement. Except as may be
required by law or regulation, the Company undertakes no obligation
to update any of its forward-looking statements, which speak only
as of the date of this announcement.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly
authorized.
|
|
NATIONAL GRID
plc
|
|
|
|
|
|
|
By:
|
Beth Melges
|
|
|
|
Beth Melges
Head of Plc Governance
|
Date: 03
August 2026
