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National Grid plc (NGG) Shareholder/Analyst Call Transcript

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⚡ Quantum Brief
National Grid’s new CEO, Zoe Yujnovich, unveiled a £70 billion five-year investment plan to modernize U.K. and U.S. energy networks, marking her first major strategy announcement since taking leadership. The investment aims to accelerate grid upgrades for renewable energy integration, addressing systemic changes in energy demand and decarbonization pressures across both markets. CFO Andrew Agg emphasized financial discipline, noting the plan aligns with regulatory frameworks while targeting long-term shareholder value through infrastructure expansion. Analysts from firms like Morgan Stanley and Barclays probed execution risks, including supply chain constraints and regulatory approval timelines during the Q&A session. The call highlighted National Grid’s shift toward future-proofing grids, with materials and further details made available post-webcast for stakeholders.
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National Grid plc (NGG) Shareholder/Analyst Call Transcript

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SA Transcripts158.74K FollowersFollow5ShareSaveComments National Grid plc (NGG) Shareholder/Analyst Call March 2, 2026 4:30 AM EST Company Participants Angela Broad - Director of Investor RelationsZoe Yujnovich - CEO & DirectorAndrew Agg - CFO & Executive Director Conference Call Participants Sarah Lester - Morgan Stanley, Research DivisionDominic Nash - Barclays Bank PLC, Research DivisionDeepa Venkateswaran - Bernstein Institutional Services LLC, Research DivisionJames Brand - Deutsche Bank AG, Research DivisionMark Freshney - UBS Investment Bank, Research DivisionPavan Mahbubani - JPMorgan Chase & Co, Research DivisionHarry Wyburd - BNP Paribas, Research DivisionMarcin Wojtal - BofA Securities, Research Division Presentation Angela BroadDirector of Investor Relations Good morning, and welcome to National Grid's webcast. Thank you for joining us. I'm Angela Broad, Head of Investor Relations, and it's great to have so many of you on the call today. Before we begin, please can I draw your attention to the cautionary statement. I'm here today with Chief Executive, Zoe Yujnovich; and our CFO, Andy Agg. We'll follow the presentation with a Q&A session. [Operator Instructions] All of today's materials will be available on our website shortly after the webcast. And, of course, if you have any further questions following the call, please do feel free to reach out to me or to a member of the Investor Relations team. With that, I'll now hand over to Zoe. Zoe YujnovichCEO & Director Thank you, Angela, and good morning, everyone. It's great to be here with you for the first time as Chief Executive. Today is an important milestone for National Grid because it reflects our clear strategy about how we deliver and how we grow in a system that is changing fast. We've announced our plan to invest at least GBP 70 billion over the next 5 years to modernize and expand our networks across the U.K. and the U.S.

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Source: Seeking Alpha