National Grid pulls out the stops after Superstorm Sandy

Utilities group National Grid said restoration expenses following Hurricane Sandy, excluding those related to the Long Island Power Authority (LIPA), are not expected to exceed 100m pounds.

Utilities group National Grid said restoration expenses following Hurricane Sandy, excluding those related to the Long Island Power Authority (LIPA), are not expected to exceed 100m pounds.

"I am pleased with the progress we made in the first half of the year: operating our networks safely and reliably and delivering a record level of investment. More recently, our teams in the US responded in a timely, safe and effective way to restore service to our customers and limit disruption caused by 'Superstorm' Sandy," said Steve Holliday, National Grid's Chief Executive.

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