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CREDIT UPDATE: National Grid (NGGLN: Baa2/BBB/BBB): Grid Operator sale

CREDIT UPDATE
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  • National Grid has announced the sale of the Electricity System Operator ("ESO") for EV of £630m to the UK Government
  • "The Transaction is an important milestone for the creation of the independent National Energy System Operator ("NESO"). National Grid and HM Government expect to complete the Transaction on 1 October 2024 when HM Government, together with Ofgem, aim to establish NESO."
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  • National Grid has announced the sale of the Electricity System Operator ("ESO") for EV of £630m to the UK Government
  • "The Transaction is an important milestone for the creation of the independent National Energy System Operator ("NESO"). National Grid and HM Government expect to complete the Transaction on 1 October 2024 when HM Government, together with Ofgem, aim to establish NESO."