National Grid 2006 Annual Report Download - page 47

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Long-Term Contracts for the Purchase of Electric Power:
The Company’s subsidiaries have several types of long-term contracts for the purchase of electric
power. The Company’s commitments under these long-term contracts, as of March 31, 2006, are
as follows:
If the Company’s subsidiaries need any additional energy to meet load requirements, they can pur-
chase the electricity from other independent power producers (IPPs) other utilities, other energy
merchants or the open market through the New York Independent System Operator (NYISO) or
the New England Independent System Operator (ISO–NE) at market prices.
Gas Supply, Storage and Pipeline Commitments:
In connection with its regulated gas business, Niagara Mohawk has long-term commitments with
a variety of suppliers and pipelines to purchase gas commodity, provide gas storage capability
and transport gas commodity on interstate gas pipelines.
The table below sets forth the Company’s estimated commitments at March 31, 2006, for the
next five years, and thereafter.
47
National Grid USA / Annual Report
Fiscal Year
Ended
March 31, Amount
2007 2,319$
2008 1,384
2009 1,304
2010 1,017
2011 158
Thereafter 2,741
Total 8,923$
(In millions of dollars)
Fiscal Year
Ended
March 31, Amount
2007 295$
2008 242
2009 5
2010 5
2011 5
Thereafter 4
Total 556$
(In millions of dollars)