National Grid 2008 Annual Report Download - page 171

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 50421
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.5.1, Doc: 4, Page: 75
Description: EXH 2(B).5.1
0/2554.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/554/2*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 50421
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.5.1, Doc: 4, Page: 75 Description: EXH 2(B).5.1
0/2554.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/554/2*
Commission on 12 July 2007. The rate plan includes a 9 per cent. reduction in distribution rates. Over the term of the plan,
earnin
g
s in excess of the allowed return of 9.67 per cent. are retained by National Grid up to 11 per cent. Any earnin
g
s over 11
per cent. would be shared with customers. In addition, the plan allows for incremental increases in rates for capital expenditure
incurred under National Grid’s reliability enhancement programme.
Other
In June 2005, Ofgem announced that it was going to investigate certain aspects of National Grid’s domestic
g
as meterin
g
business under the Competition Act 1998. Information requested as part of the investi
g
ation has been provided to Of
g
em. No
findin
g
s have been issued with respect to this investi
g
ation. However, a supplemental statement of objections was issued by
Ofgem in April 2007 to which National Grid has responded.
Board of Directors
The Directors of National Grid and their functions and principal activities outside the National Grid Group, are as follows:
75
Princi
p
al activities outside
Name Title the National Grid Group
Sir John Parker Chairman
(Non-Executive)
Non-Executive Director of Carnival plc and Carnival Corporation (US),
Joint Non-Executive Chairman of Mondi plc (UK) and Mondi Ltd (S.
Africa). Director of Port and Free World Zone (Dubai) and Senior Non-
Executive Director of the Court of the Bank of England, Member of the
Business Council for Britain and Chancellor of the University of
Southam
p
ton.
Steven Hollida
y
Chief Executive Non-Executive Director of Marks and S
p
encer Grou
p
p
lc.
Steve Lucas Finance Director Non-Executive Director of Compass Group PLC. Director of American
Euro
p
ean Business Association Ltd.
Edward Astle Executive Director No a
pp
ointments held outside the National Grid Grou
p
.
Mark Fairbairn Executive Director No a
pp
ointments held outside the National Grid Grou
p
.
Nick Winser Executive Director No a
pp
ointments held outside the National Grid Grou
p
.
Linda Adaman
y
Non-Executive Director Senior Em
p
lo
y
ee of BP
p
lc
John Allan Non-Executive Director Member of the management board of Deutsche Post. Director of Exel
Limited and Samsonite Corporation. Member of the CBI Presidents’
Committee, Member of the International Advisory Council of