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National Grid’s 35 GW Connection Plan Sparks A New Electrification Story! 

National Grid plc reported full-year results underscoring strong operational execution and capital investment growth, with underlying operating profit reaching £5.7 billion and capital expenditure increasing by over 20% to £11.6 billion. These investments supported a 10.9% growth in their asset base and an 8% rise in underlying earnings per share (EPS) at constant currency, aligned with prior guidance. The company increased its dividend per share by 3.8%, consistent with U.K. CPIH inflation, reflecting a commitment to progressive shareholder returns. The leadership transition last autumn brought a strategic focus on sharpening execution, enhancing decision-making, and reinforcing safety and resilience across the organization’s U.K. and U.S. operations. National Grid emphasized its diversified portfolio spanning geographies, regulatory frameworks, and energy mixes, providing regulatory visibility and clear investment mandates in both markets.