National Grid raises £7bn for big infrastructure upgrade

The National Grid has announced a £7bn capital raise as it seeks to double its capital spending over the next five years.
Over the next five years, National Grid plans to invest approximately £60bn in networks, with over £30bn earmarked for the UK.
This investment, more than double what National Grid has spent in the UK over the last five years, will support an additional 60,000 jobs in the UK by the end of the decade.John Pettigrew, National Grid’s chief executive,