Business Context and Reporting Period
This Form 6-K filing by National Grid plc was submitted on December 16, 2011. The registrant is a foreign private issuer headquartered in London, England, and files annual reports under Form 20-F. The filing serves to disclose a specific contractual update regarding a management services agreement.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a disclosure of a specific agreement rather than a financial results report.
Material Changes
The primary material change disclosed is the expiration of the Long Island Power Authority (LIPA) Management Services Agreement. The agreement is scheduled to end in December 2013.
Guidance, Outlook, and Risks
Management commentary is limited to the notification of the agreement's termination date. The filing does not provide specific financial guidance, outlook, or a detailed discussion of risks and contingencies beyond the contractual expiration noted in Exhibit 99.1.
Key Facts for Investor Verification
- The Long Island Power Authority Management Services Agreement will terminate in December 2013.
- No financial performance data is included in this specific filing.
- Investors should review the full text of Exhibit 99.1 for details on the agreement terms and potential financial implications of its expiration.