SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE
COMMISSION
Washington D.C.
20549
_______________
FORM 6-K
REPORT OF FOREIGN
ISSUER
PURSUANT TO RULE 13a-16 OR
15d-16 OF
THE SECURITIES EXCHANGE ACT OF
1934
Date: 30 September
2005
NATIONAL GRID plc
(Registrant's
Name)
1-3
Strand
London
WC2N
5EH
(Registrant's
Address)
Indicate by check mark whether the registrant files or
will file annual reports under cover of Form 20-F or Form
40-F.
Form 20-F
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[ X ]
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Form 40-F
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[ ]
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Indicate by check mark whether the registrant by
furnishing the information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3- 2(b) under the Securities
Exchange Act of 1934.
If "Yes" is marked, indicate below the
file number assigned to the registrant in connection with Rule
12g3-2(b):
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly
authorised.
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NATIONAL GRID plc
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By:
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/s/ David C
Forward
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David C Forward
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Assistant Secretary
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Date: 30 September 2005
ANNEX 1 - SUMMARY
FORM
6-K
SECURITIES AND EXCHANGE
COMMISSION
Washington D.C.
20549
Report of Foreign
Issuer
Pursuant to Rule 13a - 16 or 15d
- 16 of
The Securities Exchange Act of
1934
Announcements sent to the London Stock
Exchange
National Grid plc 1-3
Strand, London, WC2N 5EH, United
Kingdom
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Update- to 30 September
2005
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DATE
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DETAILS
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30.9.05
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National Grid Close period trading update for the six
months ended 30 September 2005.
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29.9.05
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NG Euro Medium Tem Note Programme
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28.9.05
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Publication of Final Terms- NG Fixed Rates due
2010.
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23.9.05
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Directors Interests- (S. Lucas and N P Winser).
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20.9.05
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Quest Operation.
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ANNEX 2 - Copy
Announcements as sent
FORM
6-K
SECURITIES AND EXCHANGE
COMMISSION
Washington D.C.
20549
Report of Foreign
Issuer
Pursuant to Rule 13a - 16 or
15d - 16 of
The Securities Exchange Act of
1934
Announcements sent to the London Stock
Exchange
National Grid plc 1-3
Strand, London, WC2N 5EH, United
Kingdom
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--------------------------------------------------------------------------------------------------
Update- to 30 September
2005
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National Grid close period
trading update for the six months ended 30 September
2005Continued good
underlying performance
National Grid plc (the "Group") is today
issuing its trading update prior to entering its close period and the
announcement of its interim results on Thursday 17 November 2005. These will be
the first set of results the Group will report under International Financial
Reporting Standards (IFRS). Also today, the Group is issuing comparative
unaudited IFRS results for the period ending 30 September 2004, a summary of
which is below.
The Group's operating
performance is expected to be good. It has been driven by continued underlying
volume growth in the US, favourable results from UK capacity auctions, a
continued focus on efficiencies and a full period contribution from Crown Castle
UK. The operating performance, together with positive weather effects, is
expected to offset a significant under recovery of higher commodity costs in the
US, which will be recovered in future periods, and a period-on-period weakening
of the US dollar. For these reasons, operating profit* is expected to be
in-line with last year. Profit before tax* is expected to be ahead of last year
due to lower interest expense this year.
The
effective tax rate on profit before tax* is anticipated to be around 32%. As a
result, earnings* are expected to be similar to the same period last year.
Earnings per share* for the period are expected to be ahead of the same period
last year, having benefited from the share consolidation which occurred on 1
August 2005. The seasonally more significant second half will fully reflect
this consolidation**.
After IFRS transition
adjustments, excluding certain mark-to-market effects in the period, net debt is
expected to be around £11 billion. This reflects the receipt of £5.8
billion upon completion of the Group's UK gas network sales on 1 June
2005, the £2 billion return of value to shareholders in August 2005, the
increase in capital investment and normal seasonal factors.
* References are to
continuing underlying results. Underlying results exclude exceptional items and
certain mark-to-market re-measurements.
**
The number of ordinary shares in issue has decreased by 12%, from 3.1 billion at
31 March 2005 to 2.7 billion at 30 September 2005 as a result of the share
consolidation.
Note:
As
previously reported, the adoption of IFRS will lead to greater volatility on
both underlying and statutory reported earnings due to the effects IFRS has on
the accounting treatment of US regulatory assets as compared with UK GAAP and
the adoption of International Accounting Standard 39: Financial Instruments,
Recognition and Measurement, which the Group adopted with effect from 1 April
2005. While this may cause the reported results for any given period to be more
volatile than those reported under UK GAAP, this change in treatment does not
impact the performance of the Group or its current or future cash
flows.
Unaudited comparative data for the six
months ended September 2004 under
IFRS
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£m
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Underlying results* for continuing
operations
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Operating profit
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1,030
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Pre-tax profit
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697
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Earnings
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493
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Earnings per share
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16.0p
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Statutory results
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Operating profit - continuing
operations
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958
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Pre-tax profit - continuing
operations
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625
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Earnings - continuing operations
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448
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Earnings
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504
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Earnings per share
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16.4p
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A full
statement of the
Unaudited September 2004 IFRS comparatives is available on the Group's
website
www.nationalgrid.com.
Cautionary
statement
This announcement
contains certain statements that are neither reported financial results nor
other historical information. These statements are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Because these
forward-looking statements are subject to assumptions, risks and uncertainties,
actual future results may differ materially from those expressed in or implied
by such statements. Many of these assumptions, risks and uncertainties relate to
factors that are beyond National Grid's ability to control or estimate
precisely, such as delays in obtaining, or adverse conditions contained in,
regulatory approvals, competition and industry restructuring, changes in
economic conditions, currency fluctuations, changes in interest and tax rates,
changes in energy market prices, changes in historical weather patterns, changes
in laws, regulations or regulatory policies, developments in legal or public
policy doctrines, the impact of changes to accounting standards, technological
developments, the failure to retain key management, the availability of new
acquisition opportunities or the timing and success of future acquisition
opportunities. Other factors that could cause actual results to differ
materially from those described in this announcement include the ability to
continue to integrate the US and UK businesses acquired by or merged with
National Grid, the failure for any reason to achieve reductions in costs or to
achieve operational efficiencies, unseasonable weather impacting on demand for
electricity and gas, the behaviour of UK electricity market participants on
system balancing, the timing of amendments in prices to shippers in the UK gas
market, the performance of National Grid's pension schemes and the regulatory
treatment of pension costs, the impact of the separation and sale by National
Grid of four of its UK gas distribution networks and any adverse consequences
arising from outages on or otherwise affecting energy networks owned and/or
operated by National Grid.
For
a more detailed description of these assumptions, risks and uncertainties,
together with any other risk factors, please see National Grid's filings with
the US Securities and Exchange Commission (and in particular the "Risk Factors"
and "Operating and Financial Review" sections in its most recent annual report
on Form 20-F). Recipients are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
presentation. National Grid does not undertake any obligation to release
publicly any revisions to these forward-looking statements to reflect events or
circumstances after the date of this announcement.
Contacts
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Investors
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Alexandra Lewis
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+44 (0)20 7004 3170
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+44 (0)7768 554879(m)
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David Campbell
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+44 (0)20 7004 3171
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+44 (0)7799 131783(m)
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Richard Smith
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+44 (0)20 7004 3172
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+44 (0)7747 006321(m)
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Media
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Clive Hawkins
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+44 (0) 20 7004 3147
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+44 (0) 7836 357173(m)
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Citigate Dewe Rogerson
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+44 (0)20 7638 9571
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Anthony Carlisle
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+44 (0)7973 611888(m)
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National Grid plc
EURO MEDIUM TERM NOTE
PROGRAMME
National Grid plc announces that it has today issued
CZK 408,000,000 Fixed Rate Instruments due 2010 Series No 21, as part of the
National Grid plc and National Grid Electricity Transmission plc EUR
6,000,000,000 Euro Medium Term Note Programme.
29 September
2005
Contact: Andrew Kluth (Tel: 020 7004
3365)
National Grid
plc
28 September
2005
Publication of Final
Terms
The following final terms has been
approved by the UK Listing Authority and is available for
viewing:
Final Terms in relation to the
National Grid plc's issue of CZK 408,000,000
2.83
per cent Fixed Rate Notes due 2010 under the National Grid plc / National Grid
Electricity Transmission plc Euro 6,000,000,000 Euro Medium Term Note
Programme
To view the full document, please
paste the following URL into the address bar of your
browser.
http://www.rns-pdf.londonstockexchange.com/rns/8973r_-2005-9-28.pdf
For
further information, please contact
Andrew
Kluth
Assistant
Treasurer
National Grid plc
1-3 Strand
London
WC2N 5EH
Tel: +44 20 7004
3365
Fax: +44 20 7004
3363
DISCLAIMER - INTENDED
ADDRESSEES
Please note that the information
contained in the Final Terms may be addressed to and/or targeted at persons who
are residents of particular countries (specified in the Prospectus for the
National Grid plc / National Grid Electricity Transmission plc Euro
6,000,000,000 Euro Medium Term Note Programme dated 18 August 2005) only and is
not intended for use and should not be relied upon by any person outside these
countries. Prior to relying on the information contained in the Final Terms you
must ascertain from the Prospectus whether or not you are part of the intended
addressees of the information contained therein.
Your right to access this service is
conditional upon complying with the above
requirement.
23 September
2005
National Grid plc
(NG)
(Notification of Directors' Interests,
Pursuant to Section 324(2) of the Companies Act
1985)
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Interests
Notified by the Trustee for the
Lattice
Group Long Term Incentive Scheme (the 'LTIS')
NG today received a notification from
Mourant & Co. Trustees, as Trustee of the Lattice Group Employees Share
Trust operated in conjunction with the LTIS.
On 30 August 2005, 2,856 ordinary shares were
acquired, at a price of 518.87p per share, in respect of the August 2005 NG
final dividend of 15.2p per share being reinvested on behalf of Steve Lucas,
whose personal interest in the 2001 LTIS award changes as follows:
Director
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Existing 2001 LTIS Award
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Additional ord. shares from
dividend Reinvestment
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Revised 2001 LTIS
Total
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Total NG Share Interest
after event
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Steve Lucas
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98,201
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2,856
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101,057
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618,481 ordinary shares
318 B shares- unchanged
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NG Return of Cash- B Share
interests
Following the implementation of
the Return of Cash to shareholders, we received a further notification
yesterday that Nick Winser is interested in a further 8,809 B shares in National
Grid plc, taking his total B share interests to 20,787. His interest in NG
ordinary shares remains
unchanged.
----------------------------------------------------------
Contact:
D C Forward Assistant Secretary
0207 004
3226
National Grid plc
(NG)
20 September
2005
QUALIFYING EMPLOYEE SHARE OWNERSHIP TRUST
(Quest)
(Notification of Directors' Interests
pursuant to Section 324(2)
of the Companies Act
1985)
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Yesterday,
each of the following NG Executive Directors: E M Astle, S J Holliday, S Lucas,
N P Winser and R J Urwin, technically ceased to be interested in 97,417
NG Ordinary shares, by virtue of the Quest transferring the shares to
employees.
(Note: For Companies Act purposes,
the Executive Directors named above are deemed to have a technical interest in
the shares held in NG's Quest, together with all participating employees. The
interest ceases when shares are transferred to participants who exercise their
Sharesave scheme options.)
Contact: D C
Forward, Assistant Secretary (0207 004 3226).