National Grid shifts focus to US utility investments

摘要

National Grid, a major electricity and gas company operating in the UKrnand the US, has decided to sell a majority of UK gas distribution assetsrnand increase capital spending in the US regulated business.rnThe UK asset sale is targeted for the next 12 months and willrnreduce the company’s stake to between 20% and 49%. The netrnproceeds from the sale will be returned to shareholders, the companyrnindicated on a conference call this week.