National Grid

Corporate

National Grid was formed by 12 regional electricity companies in March 1990 with the privatization of the electricity industry in the UK. National Grid today has grown to become one of the leading global energy network utility providers focused primarily on the transmission of electric power and transportation of gas to consumers all over the world.

Activities

National Grid owns and manages:
High-voltage electricity transmission system in the UK and US

Own and manage the high pressure gas transmission system in the UK and US
Other businesses in related areas e.g. :
-Wireless network infrastructure for broadcast and mobile phones
- Metering
- Interconnectors

Performance

National Grid is conscious about the critical impact of its business on the environment and its influence on the company’s growth prospects.

Accordingly the company has formulated a structure called Framework for Responsible Business and its goals are:

Sustainable Growth
Profits with Responsibility
Investing in the Future

In fiscal 2006 National Grid’s revenues were £ 9.19 billion which was approximately 25 % higher than what it was in the fiscal before.

Revenues over the last 2 years (In billion £)

National Grid earned a net income of £ 3.85 billion in fiscal 2006 which was approximately 170 % higher than what it was in the fiscal before. National Grid’s net assets were worth £ 3.49 billion in fiscal 2006 which was approximately 64 % higher than what it was in the fiscal before. Value of net assets over the last 2 years (In billion £)

Future In order to scale ever higher standards of service delivery and achieve global leadership National Grid is focused on 4 promises that it feels is crucial for the purpose: Safety Reliability Efficiency Responsibility National Grid’s head office is located at: 15 Marylebone Road, London, NW1 5JD Website: www.nationalgrid.com

Environmental Impact Assessment and Management

As a major global energy utility provider National Grid is aware of the impact of its operations on the environment and subsequently on its growth prospects. To manage the impact of its operations better National Grid has identified certain areas that needs better focus.

Organization

National Grid is headed by Sir John Parker who is the Chairman and Mr. S. Holiday who is the CEO of the company.

National Grid employs over 20,209 people.

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