National Grid Is Executing A High Growth Strategy

National Grid plc is recommended as a long-term Buy, driven by a £70bn capital investment plan targeting 10% annual regulated asset growth through FY2031. UK Electricity Transmission is NGG's strongest growth engine, with £31bn allocated and significant exposure to rising data centre and AI-related demand. Funding and regulatory approval are key risks; recent £7bn rights issue highlights the need for shareholder capital ahead of earnings growth realization.