Northern Powergrid Holdings Co - Company Profile

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Northern Powergrid Holdings Co: Segment Analysis

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Business Description

Northern Powergrid Holdings Co (Northern Powergrid), formerly CE Electric UK Ltd, a subsidiary of Berkshire Hathaway Energy, is an electric utility service provider that serves around 3.9 million retail electric customers in the North East of England, Yorkshire and Northern Lincolnshire. The company's service area includes approximately 17,000 miles of overhead lines, 43,400 miles of underground cables, and 823 major substations. It carries out the maintenance and operations of the electricity distribution network.

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R&D Overview

Northern Powergrid supports a program of research aimed at enhancing performance standards and achieving more cost-effective operations. Key initiatives include studying the link between rainfall and underground cable faults, researching substation design specifications and innovative materials to mitigate high-temperature risks, investigating the performance limitations of outdoor control equipment during extreme heat, and estimating the impact of Ash tree dieback on the network. Additionally, the company runs projects focusing on customer vulnerability, resilience, and decarbonization, including the Community DSO project. In FY2024, the company spent GBP2.3 million on R&D, which, as a percentage of revenue, stood at 0.17%.

Business Segments

Overview

Provides services which include the distribution and supply of the electricity.

Performance

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Overview

Offers services related to engineering contracting, hydrocarbon exploration, smart meter rental and business support units.

Performance

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