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Date: Tuesday 07 Oct 2008

LONDON (ShareCast) - Power supplier National Grid said it is well positioned to deliver low risk, organic growth, adding that it continues to invest and earn good returns from its regulated businesses.

“We are central to the delivery of the energy networks of the future and are working closely with government and regulators to meet this challenge,” said chief executive Steve Holliday.

The group said it will provide an update on its capital investment plans later today.

“The presentation will outline an additional £2bn of investment in the period to 2012 which will be remunerated under current regulatory agreements, in addition to the £16bn already announced,” it said.

This will equate to a total investment programme of over £3bn per year. Beyond 2012, its expectation is that investment will continue at least at that level for the foreseeable future.

“The presentation will demonstrate National Grid's strong financing track record. It will also show the progress being made in implementing the new global operating model and provide an update on our constructive dialogue with regulators as we seek to meet the challenges presented by climate change and security of supply,” added the group.

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