Company: NEWEN
Filing Date: 2025-05-15
Form Type: 6-K
Source: 0001654954-25-005651
Chunk: 28

Company: NATIONAL GRID PLC
Filing Date: 2025-05-15
Form: 6-K
Chunk 28
---
  9.2 |      |              9.9 | 9.9 |
| New York                    | Avg. 52/48        |      |              8.7 |  8.5 |      |              9.2 | 8.9 |
| Group                       
 Return on Equity1           |                   |      |              9.0 | 10.5 |      |              n/a | n/a |

| As at 31 March                     
 (£ million, at constant currency)  | RAV, Rate Base or other business assets |        |      | Total regulated and 
     other balances2 |        |
| 2025                               |                                    2024 |        | 2025 |                2024 |        |
| UK Electricity Transmission        |                                  20,570 | 18,388 |      |              20,290 | 17,886 |
| UK Electricity Distribution        |                                  12,235 | 11,497 |      |              11,954 | 11,633 |
| UK Electricity System Operator     |                                       - |    425 |      |                   - |   -466 |
| New England                        |                                   9,422 |  8,512 |      |              11,329 | 10,325 |
| New York                           |                                  17,923 | 16,015 |      |              19,752 | 17,029 |
| Total regulated                    |                                  60,150 | 54,837 |      |              63,325 | 56,407 |
| NGV and Other balances             |                                   7,352 |  7,509 |      |               5,942 |  6,533 |
| Group regulated and other balances |                                  67,502 | 62,346 |      |              69,267 | 62,940 |

1. Our calculation methodology for Group RoE changed in 2024/25. Comparative amounts have been restated accordingly. See page 86 for details,

2. March 2024 balances restated for opening balance adjustments to correspond with 2023/24 regulatory filings and calculations.

#### UK Electricity Transmission

#### Overview
The UK Electricity Transmission (UK ET) segment is a critical component of National Grid's operations, responsible for the high voltage electricity transmission network in England and Wales.

#### Financial performance
■ Statutory operating profit decreased to £1,277 million , down 24 %