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June 23, 2011, VIA ELECTRONIC FILING Hon. Jaclyn A. Billing, Secretary Public Service Commission Three Empire State Plaza Albany, New York 12223 Re: Case 06M0878 Joint Petition of National Grid plc
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The national grid golden share is typically needed by individuals or entities who have a significant interest or involvement in the national grid company. This can include shareholders, investors, business partners, government agencies, or any other parties who require a special voting right or control over certain strategic decisions of the national grid company. The golden share serves as a protective measure to safeguard national interests and maintain control in critical sectors.
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A national grid golden share is a special share owned by the government that gives it certain veto rights over major decisions in the national grid company.
The national grid company is required to file the national grid golden share with the government.
The national grid golden share can be filled out by providing relevant information and ensuring all required fields are completed.
The purpose of the national grid golden share is to protect national interests and ensure government control over critical decisions in the national grid company.
Information such as ownership structure, financial performance, and major decisions must be reported on the national grid golden share.
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