Harry Wyburd's questions to NATIONAL GRID (NGG) leadership • Q2 2024
Question
Inquired about the potential interaction with the UK Labour party's proposed 'Great British Energy,' including whether it could serve as a co-investment partner, and asked if rising debt costs have been factored into the updated EPS guidance.
Answer
The CEO stated they engage with the Labour party and see potential benefits in Great British Energy for coordinating supply chains or investing in early-stage technologies, but believe private capital is sufficient for transmission projects with the right framework. The CFO confirmed that higher interest rates are factored into the forward guidance using market curves and that existing regulatory mechanisms in the US and UK help manage these costs.