National Grid sticks to outlook

Energy network operator National Grid stuck to its outlook for 2013-14 yesterday, as it said it expects to invest between £3.6bn and £3.9bn in 2013-14 and to grow its regulated assets by around six per cent per annum over the next few years. In the firm’s UK transmission and distribution businesses, capital investment for 2013-14 is expected to be flat on 2012-13 with the London Power Tunnels project underway.