National Grid is a portfolio of distinct regulated businesses in the UK and the US and some unregulated businesses, primarily in the UK.
This includes a mixture of:
cash generative developed assets with minimal investment requirements
(such as our existing interconnectors and National Grid Metering business)
businesses with low to medium levels of growth and positive cash generation
(such as our US and UK distribution businesses)
businesses with high levels of investment and growth
(such as our UK electricity transmission business and potential new unregulated investments).
Total shareholder return
We aim to optimise our TSR by:
- managing a leveraged business model to drive consistent TSR performance by providing growth in dividends and assets
- balancing the rate of asset growth with secure financing
- providing additional investments
Key strategic priorities 2015/16
||Deliver efficent investment and enhance customer service to drive out performance under RIIO
||Sustain returns and growth, deliver new filings on time