Utilities & Clean technology Correspondent, London
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Nov 2, 2011

National Grid says no plan for more U.S. disposals

LONDON (Reuters) – National Grid, Britain’s biggest energy distributor, does not plan any more disposals in the U.S. as part of its restructuring efforts, the company’s finance director said.

The company has been restructuring its U.S. business after unveiling plans in January to cut 7 percent of its direct workforce in the country, for annual cost savings of about $200 million.

Nov 2, 2011
    • About Adveith

      "I moved to Reuters' London bureau in February to cover green technology and UK utilities after a stint in Bangalore. In four years with Reuters, I have covered some of the biggest utilities and clean technology companies in the United States and Britain, from bureaus in London, Bangalore and, briefly, New York. I have also been a key part of two of the company’s biggest headline news operations – in Bangalore and London - since 2008, sending fast news alerts on the biggest companies on both sides of the Atlantic. I enjoy writing about sports, and occasionally contribute to Reuters' sports blog, ..."
      Joined Reuters:
      May 2008
      Languages:
      English, Hindi, Malayalam
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