National Grid announces 'bumper' profits up 21pc National Grid said it had made improvements to the way it responded to storms in the US, adding that its teams restored power to around 400,000 customers on the east coast affected by the latest superstorm within three days. The organisation said it had increased capital investment by 23pc to £1.8bn in the latest period, mainly due to a 34pc rise in investment in its UK transmission business. Gary Smith, national officer of the GMB, said: "People are entitled to ask what is National Grid putting back when they have outsourced and plan to outsource more and more jobs. Hundreds of National Grid staff are facing being transferred out to contractors. This has implications for the pay, conditions and pensions of loyal National Grid employees, many who have given decades of dedicated service. GMB members want to take action and we are encouraging other unions to join us in a campaign up to and including industrial action to stop this shameful attack.