Business Context and Reporting Period
This Form 6-K filing by National Grid plc was submitted on December 16, 2011. The report serves to disclose a specific regulatory development rather than providing comprehensive financial results for a reporting period.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. The only specific financial figure disclosed relates to a regulatory approval:
- Deferral Account Recovery: $240 million approved by the New York regulatory commission.
Material Changes
The material change disclosed is the regulatory approval in New York allowing the recovery of $240 million through a deferral account. No comparative financial data or year-over-year changes are presented in this document.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the specific regulatory event. The document references Exhibit 99.1 for details on the New York regulatory commission's decision.
Investor Verification Checklist
- Verify the impact of the $240 million deferral account recovery on future cash flows and earnings.
- Review Exhibit 99.1 for the full text of the New York regulatory commission's approval.
- Consult the company's Form 20-F for comprehensive financial statements, as this 6-K is limited to a single event.