National Grid Investor Day

LONDON, October 8 /PRNewswire/ --     National Grid said that it was fully 
funded, despite the current
financial crisis, and that its annual investment plan would be increased to
GBP3bn and maintained at that level for the foreseeable future.



    Speaking at the National Grid Investor Day on October 7th 2008, Steve
Holliday, Chief Executive, said:



    "This is a very good business, very secure returns, very secure cash
flows and a business that is growing. So it's safe and growing and that's a
great combination actually, not just in a market in which things are very
uncertain, it's a great combination in any market."



    In an interview with Cantos focusing on the Transmission and Electricity
Distribution businesses, Steve Holliday, Tom King, Nick Winser and Steve Luca
explain the company's capital investment plans and its strong financing track
record.



    They provide an update on how they are working alongside regulators on
both sides of the Atlantic to meet the challenges presented by climate change
and security of supply. Mike Anderson, the Director General of the Department
for Energy and Climate Change, is also interviewed.



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