FY’17 year-end earnings results

By Maura Mone

On May 18, we announced our FY’17 year-end earnings results. Visit our investor relations page where you can view resources to help you understand our performance.

Key highlights:

  • Strong performance and significant strategic progress
  • We achieved a combined lost time injury frequency rate of 0.09 for the Group
  • Group Return on Equity (including NGGD) of 11.7%
  • US Return on Equity of 8.2% reflected a partial-year impact of new rates in three of our US businesses (KEDLY/KEDNY & MECO)
  • Sale of 61% of UK Gas Distribution business complete, announced £4bn return to shareholders

From John Pettigrew, Chief Executive Officer,

“Last year was an important year for National Grid. We invested record capex of £4.5 billion delivering a safe and reliable service for customers. We made significant progress in the year, with the successful completion of the UK Gas Distribution transaction, a good outcome on the rate filings in the US and a positive conclusion to important regulatory reviews in the UK. National Grid is well positioned for the future with a rebalanced, higher-growth portfolio, and we are actively taking steps to evolve the business to meet the changing needs of our customers.”

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