National Grid 2008 Annual Report Download - page 174

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 48644
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: 78
Description: EXH 2(B).5.1
0/1557.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/557/1*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 48644
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: 78 Description: EXH 2(B).5.1
0/1557.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/557/1*
NGET is permitted to set char
g
es for connections to the transmission system in Great Britain made since March 1990 to
recover the costs directly or indirectly incurred in providin
g
connections, to
g
ether with a reasonable rate of return on such costs.
As Great Britain System Operator (“GBSO”), NGET is responsible for the residual balancin
g
of
g
eneration and demand in the
Great Britain electricity market and ensuring the secure, reliable and efficient delivery of electricity in real-time. As GBSO,
NGET is the counterparty for all connection and use of system a
g
reements in Great Britain with
g
enerators, suppliers,
distributors and interconnector owners and users. It levies char
g
es to fund balancin
g
activities and transmission services which
are provided by NGET in England and Wales and by the transmission system owners in Scotland.
Revenue from char
g
es for provision of balancin
g
services is usually re
g
ulated under an annual incentive scheme, where
benefits of external cost savin
g
s in system operation compared to tar
g
ets are shared with customers. NGET is also incentivised
over the five years of the price control in relation to its internal costs of providin
g
balancin
g
services and is subject to wider
statutory and licence obligations in relation to the external costs of providing those services.
National Grid Electricity Transmission has four wholly-owned subsidiaries, NG Leasin
g
Limited, NGET Finance (No 1) plc, NGC
Employee Shares Trustee Limited (dormant) and Elexon Limited (solely as nominee shareholder).
Board of Directors
The Directors of NGET and their principal activities outside the NGET Group are as follows:
The business address of the Directors of NGET is 1-3 Strand, London WC2N 5EH.
78
Name Title Principal Activities outside NGET Group
Nick Winser Chief Executive Executive Director of National Grid plc. Director of National Grid USA
and National Grid Gas
p
lc.
Andy Chapman Finance Director Director of National Grid Gas plc and Director of National Grid
Interconnectors Ltd.
Malcolm Cooper Director Group Tax and Treasury Director of National Grid plc, Director of
British Transco Capital Inc., British Transco Finance Inc, National Grid
Commercial Holdings Ltd, National Grid Holdings One plc, National
Grid International Limited, Lattice Group plc, National Grid Insurance
Company (Isle of Man) Ltd and The Association of Corporate
Treasurers.
Mark Fairbairn Director Executive Director of National Grid plc, Director of National Grid Gas
Holdin
g
s
p
lc and National Grid Gas
p
lc.
Paul Whittaker Director UK Director of Re
g
ulation for National Grid plc, and Director of National
Grid Gas
p
lc.