National Grid PLC http://www.alacrastore.com/company-snapshot/National_Grid_PLC-2504513 26 Nov 2009 12:25:02 EST 2504513 National Grid PLC en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/research/creditsights-Nat_Grid_1H09_10_Uncertainties_Rising-9167891678cs/91678normArticleTemplateNat Grid produced good 1H09/10 results with rising operating profit and falling debt, but we think risks are rising with a possible EDF network bid and uncertainty over US rate cases. We move our view to Marketweight from Overweight.amoulderfnicolasedf_electricite_de_francenational_gridnational_gridedf_electricite_de_franceunited_kingdomunited_kingdom9167819 Nov 2009 11:08:55 ESTYes91678150CreditSights InceuropeeuropeelectricenergyutilitieselectricenergyutilitiesPublishedearningseuro_markets_issuersearningseuro_markets_issuersEarningsNoteEarnings Note2421 Nat Grid #H##/##: Uncertainties Rising Nat Grid produced good #H##/## results with rising operating profit and falling debt. However, the company is interested in acquiring the EDF Energy network businesses and despite questions at...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/ccbn/T2523006T2523006ccbn/T2523006norm19 Nov 2009 10:05:38 EST2523006Final Transcript of NGG earnings conference call or presentation, 19-Nov-09 9:15am UKTNational Grid106.0000Final2009/2010 Half Year National Grid Earnings Conference Call TranscriptNGG9:15am UKTTranscript...David Rees National Grid plc - IR Director Steve Holliday National Grid plc - Chief Executive Steve Lucas National Grid plc - Finance Director Mark Fairbairn National Grid plc - Executive Director Tom King National Grid plc - Executive Director Nick Winser National Grid plc - Executive Director... Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/research/creditsights-EDF_3_Bidders_Possibly_Interested_In_UK_Networks-9106991069cs/91069normWWTemplateamoulderedf_electricite_de_francenational_gridscottish_and_southern_energyedf_electricite_de_francenational_gridscottish_and_southern_energyfranceunited_kingdomfranceunited_kingdom9106909 Nov 2009 11:52:06 ESTYes91069150CreditSights InceuropeeuropeelectricenergyutilitieselectricenergyutilitiesPublishedcompanies_withnvertibleseuro_markets_issuersma_activityma_activitycompanies_withnvertibleseuro_markets_issuersWorthWatchingWorth Watching597 EDF: # Bidders Possibly Interested In UK Networks EDF (Aa#/A+): According to a report in the UK press over the weekend (The Sunday Times) EDF's possible sale of its UK network distribution assets has attracted at least three potential...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-U_K_Transmission_Reasonable_Initial_Proposals-4184341843cs/41843normArticleTemplateOfgem’s initial transmission proposals look like a sensible starting point to us. However, there are still many uncertainties, and we hope the September update brings better clarity on equity incentives and revenue adjustments.amouldernational_gridscottish_and_southern_energyscottish_powernational_gridscottish_and_southern_energyscottish_powerunited_kingdomunited_kingdom4184309 Nov 2009 11:51:56 ESTYes41843150CreditSights InceuropeeuropeenergyutilitiesutilitiesenergyPublishedregulatory_mattersregulatory_mattersSectorCommentSector Analysis2303 U.K. Transmission: Reasonable Initial Proposals Ofgem's initial proposals for the Transmission Price Control Review (TPCR) look reasonable to us. The cost of capital was provisionally set at #.#% post-tax real, and baseline capex at...a2aa2aacquedotto_puglieseacquedotto_puglieseaesaesagbaragbarallegheny_energyallegheny_energyalliant_energyalliant_energyamerenamerenamerican_electric_poweramerican_electric_poweramerican_superconductoranglian_wateranglian_wateravistaavistaberkshire_hathawayberkshire_hathawayblack_hillsblack_hillsbritish_energybritish_energycalpinecalpinece_casecnance_casecnance_generationce_generationcenterpoint_energycenterpoint_energycentral_vermont_public_servicecentral_vermont_public_servicecentricacentricach_energych_energyclecoclecocms_energycms_energyconsolidated_edisonconsolidated_edisonconstellation_energyconstellation_energydominion_resourcesdominion_resourcesdong_a_sdong_a_sdpldpldraxdraxdte_energydte_energyduke_energyduke_energydynegydynegye_one_onedelnoredelnoredf_electricite_de_franceedf_electricite_de_franceedison_internationaledison_internationaledison_spaedison_spaedp_energias_de_portugaledp_energias_de_portugalel_pasoel_pasoel_paso_electricel_paso_electricenbwenbwendesa_saendesa_saenecoenecoenel_spaenel_spaentergyentergyessentessentevnevneweeweexelonexelonfirstenergyfirstenergyfortumfortumfplfplgas_natural_sdg_sagas_natural_sdg_sagazpromgazpromgdf_suezgdf_suezgeneral_regeneral_regreat_plains_energygreat_plains_energyiberdrolaiberdrolaintegrysintegrysinternational_powerinternational_poweritc_holdingsitc_holdingskeldakeldakeyspankeyspankinder_morgankinder_morganmattelmattelmdu_resourcesmdu_resourcesmidamerican_energy_holdingsmidamerican_energy_holdingsmidamerican_fundingmidamerican_fundingmidlands_electricmidlands_electricmirantmirantnational_energy_gas_transmission_negtnational_energy_gas_transmission_negtnational_fuel_gasnational_fuel_gasnational_gridnational_gridnational_rural_utilities_cooperative_financenational_rural_utilities_cooperative_financeniagra_mohawkniagra_mohawknisourcenisourcenortheast_utilitiesnortheast_utilitiesnorthern_gas_networksnorthern_gas_networksnorthumbrian_waternorthumbrian_waternorthwesternnorthwesternnrg_energynrg_energynstarnstarnuonnuonoge_energyoge_energyoncoroncorpennonpennonpepco_holdingspepco_holdingspgepgepinnacle_westpinnacle_westpnm_resourcespnm_resourcesportland_general_electricportland_general_electricpplpplprogress_energyprogress_energypublic_service_enterprisepublic_service_enterprisepuget_energypuget_energyred_electricared_electricareliant_energyreliant_energyrwerwesalton_seasalton_seascanascanascottish_and_southern_energyscottish_and_southern_energyscottish_powerscottish_powersempra_energysempra_energysevern_trentsevern_trentsierra_pacific_powersierra_pacific_powersouthern_companysouthern_companysouthern_unionsouthern_unionsouthern_watersouthern_waterspectra_energyspectra_energysuez_environnementteco_energyteco_energytennessee_valley_authoritytennessee_valley_authorityternaternatexas_genco_hldgstexas_genco_hldgsthames_waterthames_watertransaltatransaltatxu_energy_future_hldgstxu_energy_future_hldgsuil_holdingsuil_holdingsunion_fenosaunion_fenosaunisource_energyunisource_energyunited_utilitiesunited_utilitiesusecusecvattenfallvattenfallvectrenvectrenveoliaveoliaverbundverbundwales__west_utilitieswales__west_utilitieswessex_waterwessex_waterwestar_resourceswestar_resourceswgl_holdingswgl_holdingswilliams_companieswilliams_companieswisconsin_energywisconsin_energyxcelxcelCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-U_K_Electrics_Ofgem_Goes_for_Stability-4543045430cs/45430normArticleTemplateNo real surprises in either of the Ofgem reviews published on 25 September. The TPCR was a clear improvement on the initial proposals, while in gas distribution the companies probably expected to recover more of the capex overspend.amouldernational_gridscottish_and_southern_energyscottish_powernational_gridscottish_and_southern_energyscottish_powerunited_kingdomunited_kingdom4543009 Nov 2009 11:51:56 ESTYes45430150CreditSights InceuropeeuropeelectricenergyutilitieselectricenergyutilitiesPublishedregulatory_mattersregulatory_mattersSectorCommentSector Analysis1853 U.K. Electrics: Ofgem Goes for Stability U.K. electricity and gas regulator Ofgem has published the updated proposals for the transmission price control and the initial proposals for the one-year gas distribution price control. We believe...a2aa2aaesaesallegheny_energyallegheny_energyalliant_energyalliant_energyamerenamerenamerican_electric_poweramerican_electric_poweravistaavistaberkshire_hathawayberkshire_hathawayblack_hillsblack_hillsbritish_energybritish_energycalpinecalpinece_casecnance_casecnance_generationce_generationcenterpoint_energycenterpoint_energycentricacentricacms_energycms_energyconsolidated_edisonconsolidated_edisonconstellation_energyconstellation_energydominion_resourcesdominion_resourcesdong_a_sdong_a_sdpldpldraxdraxdte_energydte_energyduke_energyduke_energydynegydynegye_one_onedelnoredelnoredf_electricite_de_franceedf_electricite_de_franceedison_internationaledison_internationaledison_spaedison_spaedp_energias_de_portugaledp_energias_de_portugalel_pasoel_pasoel_paso_electricel_paso_electricenbwenbwendesa_saendesa_saenel_spaenel_spaentergyentergyessentessenteweeweexelonexelonfirstenergyfirstenergyfortumfortumfplfplgas_natural_sdg_sagas_natural_sdg_sagazpromgazpromgdf_suezgdf_suezgeneral_regeneral_regreat_plains_energygreat_plains_energyiberdrolaiberdrolaintegrysintegrysinternational_powerinternational_poweritc_holdingsitc_holdingskeyspankeyspanmattelmattelmdu_resourcesmdu_resourcesmidamerican_energy_holdingsmidamerican_energy_holdingsmidamerican_fundingmidamerican_fundingmidlands_electricmidlands_electricmirantmirantnational_energy_gas_transmission_negtnational_energy_gas_transmission_negtnational_fuel_gasnational_fuel_gasnational_gridnational_gridnational_rural_utilities_cooperative_financenational_rural_utilities_cooperative_financeniagra_mohawkniagra_mohawknortheast_utilitiesnortheast_utilitiesnorthwesternnorthwesternnrg_energynrg_energynstarnstarnuonnuononcoroncorpepco_holdingspepco_holdingspgepgepinnacle_westpinnacle_westpnm_resourcespnm_resourcespplpplprogress_energyprogress_energypublic_service_enterprisepublic_service_enterprisepuget_energypuget_energyred_electricared_electricareliant_energyreliant_energyrwerwesalton_seasalton_seascanascanascottish_and_southern_energyscottish_and_southern_energyscottish_powerscottish_powersempra_energysempra_energysierra_pacific_powersierra_pacific_powersouthern_companysouthern_companyspectra_energyspectra_energyteco_energyteco_energytennessee_valley_authoritytennessee_valley_authoritytransaltatxu_energy_future_hldgstxu_energy_future_hldgsunion_fenosaunion_fenosausecusecvattenfallvattenfallverbundverbundwestar_resourceswestar_resourceswgl_holdingswgl_holdingswilliams_companieswilliams_companieswisconsin_energywisconsin_energyxcelxcelCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/moodys-global-credit-research-National_Grid_Plc-PBC_121035PBC_121035moodys/PBC_121035pdf04 Nov 2009 02:13:05 ESTpdfNational Grid PlcNational Grid Plc600063513600063513300.000004 Nov 2009AnalysisAnalysisC...National Grid Plc ("National Grid", rated Baa#/P-#) is the holding company for a range of largely regulated businesses focusing on the ownership and operation of electricity and gas networks in the UK and the US. In the UK, National Grid Electricity Transmission plc ("NGET", rated A#), owns the high-voltage electricity transmission network in England and Wales and operates the system across Great Britain. National Grid Gas plc ("NGG", rated A#) owns and operates the high pressure gas transmission system in Britain and its distribution business delivers gas to ## million homes and commercial customers. In the US, National Grid distributes electricity to nearly five million customers in Massachusetts, New Hampshire, New York and Rhode Island. Owning #,### megawatts of electricity generation, it is the largest power producer in New York State ­ carrying power to over one million customers on Long Island. It is also the largest distributor of natural gas in the northeastern US, delivering gas... 1140001145001180001181001210001327014510145601463018080253403254500453100471000494760525500543500543555545000550000550400578000600037018600043135600046818600050396600050486600051892600059440600059441600059443600061162600063513823200833310UNITED KINGDOMPUBLIC UTILITY600063513Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/research/creditsights-Euro_Utilities_Watts_Up_In_October-8994589945cs/89945normArticleTemplateIn a slightly different Watts Up, we take a brief look at the recent disaster at the RusHydro Sayano-Shushenskaya hydro plant which investigators have put down to "poor maintenance and technical deficiencies".amoulderfnicolase_onfortumgas_natural_sdg_sagdf_sueziberdrolanational_gridrwescottish_and_southern_energyvattenfallrwee_onfortumgas_natural_sdg_sagdf_sueziberdrolanational_gridscottish_and_southern_energyvattenfallgermanyrussian_federationgermanyrussian_federation8994519 Oct 2009 11:09:00 ESTYes89945150CreditSights InceuropeeuropeelectricenergyutilitiesutilitieselectricenergyPublishedcompanies_withnvertibleseuro_markets_issuersma_activitycompanies_withnvertibleseuro_markets_issuersma_activityEuroUtilitiesWattsUpReportEuropean Utilities Watts Up3927 Euro Utilities: Watts Up In October In a slightly different Watts Up, before we move into the third quarter results season, we take a brief look at the recent disaster at the RusHydro Sayano-Shushenskaya hydro plant. RusHydro is not...a2aa2aacquedotto_puglieseacquedotto_puglieseaesaesagbaragbarallegheny_energyallegheny_energyalliant_energyalliant_energyamerenamerenamerican_electric_poweramerican_electric_poweramerican_superconductoramerican_superconductoranglian_wateranglian_wateravistaavistaberkshire_hathawayberkshire_hathawayberry_plasticsberry_plasticsblack_hillsblack_hillsbritish_energybritish_energycalpinecalpinece_casecnance_casecnance_generationce_generationcenterpoint_energycenterpoint_energycentral_vermont_public_servicecentral_vermont_public_servicecentricacentricach_energych_energyclecoclecocms_energycms_energyconsolidated_edisonconsolidated_edisonconstellation_energyconstellation_energydominion_resourcesdominion_resourcesdong_a_sdong_a_sdpldpldraxdraxdte_energydte_energyduke_energyduke_energydynegydynegye_one_onedelnoredelnoredf_electricite_de_franceedf_electricite_de_franceedison_internationaledison_internationaledison_spaedison_spaedp_energias_de_portugaledp_energias_de_portugalel_pasoel_pasoel_paso_electricel_paso_electricenbwenbwendesa_saendesa_saenecoenecoenel_spaenel_spaentergyentergyessentessentevnevneweeweexelonexelonfirstenergyfirstenergyfortumfortumfplfplgas_natural_sdg_sagas_natural_sdg_sagazpromgazpromgdf_suezgdf_suezgeneral_regeneral_regreat_plains_energygreat_plains_energyiberdrolaiberdrolaintegrysintegrysinternational_powerinternational_poweritc_holdingsitc_holdingskeldakeldakeyspankeyspankinder_morgankinder_morganmattelmattelmdu_resourcesmdu_resourcesmidamerican_energy_holdingsmidamerican_energy_holdingsmidamerican_fundingmidamerican_fundingmidlands_electricmidlands_electricmirantmirantnational_energy_gas_transmission_negtnational_energy_gas_transmission_negtnational_fuel_gasnational_fuel_gasnational_gridnational_gridnational_rural_utilities_cooperative_financenational_rural_utilities_cooperative_financeniagra_mohawkniagra_mohawknisourcenisourcenortheast_utilitiesnortheast_utilitiesnorthern_gas_networksnorthern_gas_networksnorthumbrian_waternorthumbrian_waternorthwesternnorthwesternnrg_energynrg_energynstarnstarnuonnuonoge_energyoge_energyoncoroncorpennonpennonpepco_holdingspepco_holdingspgepgepinnacle_westpinnacle_westpnm_resourcespnm_resourcesportland_general_electricportland_general_electricpplpplprogress_energyprogress_energypublic_service_enterprisepublic_service_enterprisepuget_energypuget_energyred_electricared_electricareliant_energyreliant_energyrwerwesalton_seasalton_seascanascanascottish_and_southern_energyscottish_and_southern_energyscottish_powerscottish_powersempra_energysempra_energysevern_trentsevern_trentsierra_pacific_powersierra_pacific_powersouthern_companysouthern_companysouthern_unionsouthern_unionsouthern_watersouthern_waterspectra_energyspectra_energyteco_energyteco_energytennessee_valley_authoritytennessee_valley_authorityternaternatexas_genco_hldgstexas_genco_hldgsthames_waterthames_watertransaltatransaltatxu_energy_future_hldgstxu_energy_future_hldgsuil_holdingsuil_holdingsunion_fenosaunion_fenosaunisource_energyunisource_energyunited_utilitiesunited_utilitiesusecusecvattenfallvattenfallvectrenvectrenveoliaveoliaverbundverbundwales__west_utilitieswales__west_utilitieswessex_waterwessex_waterwestar_resourceswestar_resourceswgl_holdingswgl_holdingswilliams_companieswilliams_companieswisconsin_energywisconsin_energyxcelxcelCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-National_Grid_FY08_09_Tearsheet-7742677426cs/77426normTearsheetTemplateamoulderfnicolasnational_gridnational_gridunited_kingdomunited_kingdom7742619 Oct 2009 03:09:29 ESTYes77426150CreditSights InceuropeeuropeelectricenergyutilitieselectricenergyutilitiesPublishedeuro_markets_issuerseuro_markets_issuers National Grid FY##/## Tearsheet The credit quality of Nat Grid is underpinned by stable and predictable revenues and cash flows from its regulated electricity and gas network activities in the UK and the US. We believe management is...TearsheetTearsheet1153Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/fitch-ratings-National_Grid_Plc-473970_report_frame473970_report_framefitch/473970_report_framepdfNational Grid PLC8325466115 Oct 2009 02:24:00 EST01031000425Full Rating ReportNGFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.ARGDEUESPGBRMEXUSA010100000101010001020000010300000103100002020000030000000301000003010800030200000303000004000000040100000402000006000000Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/research/s-and-p-credit-research-Summary_National_Grid_PLC-747996747996spcred/747996normglobal23 Sep 2009 01:14:04 EST175SummaryThe latest Summary from S&PUnited KingdomMulti-UtilitiesAsiaEurope, Middle East, AfricaPacificGlobal IssuersSummaryGBR63627463627T63627U63627WG6375K55103010 551030 5510 55National Grid PLC359850ASIAEUROMIDAFRPACNGG@LNSUMMARYElectricGLOBISSUTILCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/510157_pr_frame510157_pr_framefitch/510157_pr_framehtmlBrooklyn Union Gas CompanyKeySpan CorporationKeyspan Gas East CorporationNational Grid Gas Holdings plcNational Grid Gas PLCNGG Finance PlcNational Grid PLCNew York State Energy Research and Development AuthorityNational Grid Electricity Transmission Plc80089034804641318336126180091715424838325466480089562832546618036190721 Sep 2009 06:31:00 EST010310000103220004020900010208000102010004040000010203000402000085Press ReleaseNGFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/research/creditsights-Euro_Utilities_Boring_Is_The_New_Black-8899988999cs/88999normArticleTemplateInvestors are looking for stability and in our London Conference presentation we attempted to look at the factors that can give some indication of stability in individual sector names.amouldergdf_sueznational_gridvattenfallfortumscottish_and_southern_energyrweiberdrolae_onveoliaenel_spagas_natural_sdg_sarochester_gas_electricdebegbfresfi8899921 Sep 2009 03:09:00 ESTYes88999150CreditSights Inceuropeunited_statesutilitiesenergyelectricgasPublishedma_activitycompanies_withnvertibleseuro_markets_issuersTranscriptTranscript5662 Euro Utilities: Boring Is The New Black This article is based on the recent presentation we gave on the Euro utility sector at the CreditSights London Conference on ## September. We attempted to look at the factors that can give some...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-Euro_Utilities_CreditSights_Conference_Summary-8880988809cs/88809normWWTemplateamouldere_onfortumgdf_sueziberdrolanational_gridvattenfallrwescottish_and_southern_energyrochester_gas_electricgbdeesbefrfi8880914 Sep 2009 11:10:00 ESTYes88809150CreditSights Incunited_stateseuropegasutilitiesenergyelectricPublishedeuro_markets_issuerscompanies_withnvertiblesWorthWatchingWorth Watching262 Euro Utilities: CreditSights Conference Summary Euro Utilities : In our CreditSights London conference today, ## September, the theme of the Euro utilities presentation is the stability of the sector and in particular the stability...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/s-and-p-credit-research-S_PCORRECT_25_Million_Notes_Issued_By_National_Grid_Electricity_Transmission_PLC_Rated_A-739669739669spcred/739669normglobal12 Aug 2009 01:03:00 EST100NewsThe latest News from S&PUnited KingdomMulti-UtilitiesAsiaEurope, Middle East, AfricaPacificGlobal IssuersNewsGBR63627463627T63627U63627WG6375K55103010 551030 5510 55National Grid PLC359850ASIAEUROMIDAFRPACNGG@LNNEWSGBRG6374WG6375GG6375K55103010 551030 5510 55National Grid Electricity Transmission PLC118245EUROMIDAFR1490Z@LNElectricGLOBISSUTILCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_183340_823200PR_183340_823200moodys/PR_183340_823200html21 Jul 2009 04:51:53 ESThtmlBritish Transco Capital Inc.National Grid PlcNGG Finance plcKeySpan Trust IIIKeySpan Trust IIKeySpan Trust IKeySpan Gas East CorporationKeySpan Generation LLCKeySpan CorporationNiagara Mohawk Power CorporationNew England Power CompanyNational Grid USANarragansett Electric CompanyMassachusetts Electric CompanyBritish Transco International Finance B.V.National Grid Electricity Transmission plcColonial Gas CompanyBritish Transco Finance Inc.National Grid Gas PlcBoston Gas CompanyBoston Gas Company; British Transco Capital Inc.; British Transco Finance Inc.; ...8232006000635136000611626000594436000594416000594406000518926000504866000431355500005450005435005255004710004531001808013270118100118000114000150.000020 Jul 2009NewsRating ActionCGlobal Credit Research Rating Action ## JUL #### Rating Action: British Transco Capital Inc. Moody's changes National Grid's outlook to stable Approximately USD## billion of rated debt affected London, ## July #### -- Moody's Investors...Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/research/creditsights-Euro_Utilities_Asset_Sales_And_Capital_Increases-8546785467cs/85467normArticleTemplateWe believe the recent €1.325 billion capital increase by Iberdrola demonstrates the fragility of the market for asset sales, and the possible need for other utilities to issue equity to meet credit metric targets and maintain ratings.amoulderveoliaiberdrolae_onedp_energias_de_portugaledf_electricite_de_francegas_natural_sdg_saenel_spavattenfallnational_gridrochester_gas_electricdefres8546717 Jun 2009 11:09:00 ESTYes85467150CreditSights Inceuropeunited_statesutilitieselectricpipelines_mlpsenergyPublishedcompanies_withnvertibleseuro_markets_issuersSectorCommentSector Article2130 Euro Utilities: Asset Sales And Capital Increases We believe the recent €#.### billion capital increase by Iberdrola demonstrates the fragility of the market for asset sales. According to company presentations the major Euro...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/fitch/475520_pr_frame475520_pr_framefitch/475520_pr_framehtmlNational Grid Gas PLCNational Grid Gas Holdings plcKeyspan Gas East CorporationNational Grid Electricity Transmission PlcNational Grid PLCBrooklyn Union Gas CompanyNGG Finance PlcKeySpan Corporation803619078325466480089562833612618008903480464131832546618009171515 May 2009 02:19:00 EST0103100001020300010201000103220085Press ReleaseNGFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/ccbn/T2191105T2191105ccbn/T2191105norm14 May 2009 12:09:00 EST2191105Final Transcript of NGG earnings conference call or presentation, 14-May-09 9:15am UKTNational Grid54.0000FinalPreliminary 2008 National Grid Earnings Presentation TranscriptNGG9:15am UKTTranscript...Steve Holliday National Grid Transco Plc. - Chief Executive Steve Lucas National Grid Transco Plc. - Group FD Nick Winser National Grid Transco Plc. - Group Director C O N F E R E N C E C A L L P A R T I C I P A N T S... Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/spcred/720096720096spcred/720096normglobalpubfin06 May 2009 08:16:00 EST175SummaryThe latest Summary from S&PUnited KingdomMulti-UtilitiesGlobal IssuersPublic FinanceGBR63627463627T63627U55103010 551030 5510 55National Grid PLC359850ASIAEUROMIDAFRPACNGG@LNSUMMARYUSA49337W57061V55103010 551030 5510 55KeySpan Corp.324011EUROMIDAFRUSAKSECORPElectricGasGLOBISSPUBFINUTILG6375K63627WSummaryPacificEurope, Middle East, AfricaAsiaCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_600063513COP_600063513moodys/COP_600063513html03 Apr 2009 04:46:00 ESThtmlNational Grid PlcNational Grid Plc600063513150.000021 Jul 2009NewsCredit OpinionCGlobal Credit Research Credit Opinion ## JUL #### Credit Opinion: National Grid Plc National Grid Plc London, United Kingdom Ratings Category Moody's Rating Outlook Stable Issuer Rating Baa# Senior Unsecured Baa# Commercial Paper P-#...Credit & Investment ResearchMoody's Global Credit Research