 | |
| Company type | Limited company |
|---|---|
| Industry | Natural gas |
| Founded | October 1, 2016 (as National Grid Gas Distribution Ltd.) |
| Headquarters | Coventry, England, United Kingdom |
Area served | North West England, West Midlands, East Midlands, East of England and North London |
Key people | Steve Fraser, Chief Executive Officer |
| Products | Gas distribution |
| Owner | A consortium including: Macquarie Infrastructure and Real Assets, CIC Capital, Allianz Capital Partners, Hermes Investment Management, Qatar Investment Authority, Dalmore Capital and Amber Infrastructure[1] |
Number of employees | 4076 |
| Website | www |
Cadent Gas is a British regional gas distribution company that owns, operates and maintains the largest natural gas distribution network in the United Kingdom, transporting gas to 11 million homes and businesses across North West England, West Midlands, East Midlands, East of England and North London.[2]
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Transcription
Structure and activities
Cadent Gas Limited represents four of the eight gas distribution networks in the United Kingdom. Following production and importation, all gas in the UK passes through National Grid's national transmission system, before entering the distribution networks. The distribution network providers, one of which is Cadent Limited, are responsible for the safe and efficient transportation of the gas to the end consumer, on behalf of the chosen supplier.
The company does not produce or own the gas that passes through their pipeline networks but 50% of UK gas customers are served by their pipeline system.
The company also manages the national gas emergency service free phone line on behalf of the gas industry in the UK, taking calls and giving safety advice on behalf of the industry.[3] In 2017/18 1.952 million gas emergency calls were answered.[4]
The company invests in raising awareness of the dangers of carbon monoxide poisoning through community and school initiatives as well as improving services to protect and support customers in vulnerable situations.
In 2017, the company launched a two-year fundraising partnership with Alzheimer's Society and committed to creating 1,000 Dementia Friends[5] and also raising £100,000 company-wide for the charity. Cadent Gas Limited also sponsor ‘EmployAbility - Let’s Work Together’[6] scheme which changes young disabled peoples’ lives for the better. It is founded on relationships with local schools, Dorothy Goodman in Leicestershire and Oakwood, Woodlands and Exhall Grange in Warwickshire. It is an employee-led supported internship scheme for young people aged 17 to 19. Since the scheme began in 2014 an average of 71% of interns gained paid employment either with them or with other local companies, compared to the national average of 6%. The company was recently awarded ‘Most Supportive Employer’ by the National Autistic Society.[7]
In 2017/18 Cadent Gas Limited replaced and improved 1,625 kilometres (1,010 mi) of mains pipe.[8]
In 2018, Cadent Gas Limited were awarded for being the top UK company for apprentices to work and amongst the top 20 companies for graduates.[9]
History
- 1986: Transfer of assets of British Gas Corporation to British Gas plc (integrated gas company for UK), with trading of shares in British Gas plc commencing in December
- 1997: Demerger of Centrica from British Gas
- 2000: Demerger of Lattice from British Gas
- 2002: Merger of National Grid and Lattice Transco.
- 2005: Sale of four gas distribution networks, and adoption of National Grid as the single name for principal businesses[10]
- 2016: Creation of National Grid Gas Distribution Ltd as part of National Grid
- 2017: Sale of a majority stake of National Grid Gas Distribution in March, with operations beginning under the Cadent brand from May[11][12]
- 2019: Sale of National Grid's remaining stake in Cadent[13]
- 2022: A major outage took place on the Cadent Gas network in Stannington, Sheffield, affecting thousands of properties for more than a week amid below-freezing temperatures; Sheffield City Council declared a major incident. The outage was caused by a burst water main flooding the complex local gas main network.[14]
References
- ^ "Group Structure".
- ^ "Our history". Cadent Gas.
- ^ "50+ years working in the industry - and still shocked at times by level of gas safety awareness". Retrieved 14 November 2019.
- ^ "Strategic Performance Overview RIIO-GD1 Annual Monitoring 2017/18" (PDF). Retrieved 14 November 2019.
- ^ "Cadent's £100,000 fundraising pipeline for Alzheimer's Society". Retrieved 14 November 2019.
- ^ "Our partners". EmployAbility - Let's work together. Retrieved 14 November 2019.
- ^ Autism Award - March 2018
- ^ "Cadent Gas Limited Regulatory Accounts 2017/18" (PDF). Retrieved 14 November 2019.
- ^ "Top 50 Apprentice Employers". TheJobCrowd. Retrieved 23 August 2018.
- ^ "EX-15.1". www.sec.gov. Retrieved 14 November 2019.
- ^ "Utility Week – National Grid Gas Distribution reveals new name". utilityweek.co.uk. Retrieved 23 June 2017.
- ^ http://www.lincolnshirelive.co.uk/gas-distribution-company-serving-lincolnshire-sold-for-13-billion-to-become-independent/story-30307361-detail/story.html[permanent dead link]
- ^ "National Grid closes sale of remaining stake in Cadent Gas". www.spglobal.com. Retrieved 8 December 2022.
- ^ "Stannington: Major incident declared as homes still without gas". BBC News. BBC. 8 December 2022. Retrieved 10 December 2022.
External links
Media related to Cadent Gas at Wikimedia Commons
This page was last edited on 8 March 2024, at 13:17