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National Grid plc is a British multinational electricity and gas utility company headquartered in London, England. Its principal activities are in the United Kingdom, where it owns and operates electricity and natural gas transmission networks, and in the Northeastern United States, where as well as operating transmission networks, the company produces and supplies electricity and gas ...
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2005: Sale of four gas distribution networks, and adoption of National Grid as the single name for principal businesses [10] 2016: Creation of National Grid Gas Distribution Ltd as part of National Grid; 2017: Sale of a majority stake of National Grid Gas Distribution in March, with operations beginning under the Cadent brand from May [11] [12]
In 2022, Rhode Island had a total summer capacity of 2,162 MW through all of its power plants, and a net generation of 7,819 GWh. [2] In 2023, the electrical energy generation mix was 89.2% natural gas, 5.5% solar, 2.8% biomass, 2.1% wind, and 0.4% petroleum. [1] In May 2017, the first U.S. offshore wind farm began operating off Block Island.
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The transmission network is owned by National Gas, which is owned by Macquarie Asset Management (80%) and National Grid plc (20%). [43] Agreement was reached in July 2024 for Macquarie to buy National Grid's stake, giving Macquarie full ownership in the first quarter of 2025 subject to regulatory approval. [44]