Outside of the day to day operations mentioned above, the company is working toward the larger United Kingdom goal of becoming carbon neutral by 2050. The latter is incredibly important to ensuring that Great Britain’s supply and demand for electricity is balanced across the country. It has also become involved in the gas transmission business as well as becoming an electricity system operator. National Grid has numerous subsidiaries and has grown internationally. Today, National Grid looks much different than when it was founded in 1990. Through many major mergers and acquisitions, and eventual listing on the London and New York Stock Exchanges, the firm has become an international conglomerate. Since 1990, the firm has expanded from the electricity transmission business into gas, venture capital, and clean energy initiatives. Once the decision was made to privatize the electricity industry, the firm was formed to handle the transmission of power in the UK with shares of the company being opened up to the general public. Four years earlier in 1986, Margaret Thatcher had pushed British Gas into privatization after many tumultuous years of plant closures and job losses. Before the company’s founding in 1990, the Central Electricity Generating Board controlled electricity transmission across Great Britain. It was founded in 1990 and supplies millions of people with electricity and gas across Great Britain and the United States. National Grid PLC is an international electricity and gas utility company based in London, England.
0 Comments
Leave a Reply. |