National Grid 2008 Annual Report Download - page 573

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 5582
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-15.1, Doc: 16, Page: 53
Description: EXHIBIT 15.1
0/6249.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/249/6*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 5582
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-15.1, Doc: 16, Page: 53 Description: EXHIBIT 15.1
0/6249.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/249/6*
Table of Contents
Annual Report and Accounts 2007/08
61
4.1 GW $930m 11 minutes $28m
Generation facilities
on Long Island
Planned spend on
reliability enhancement
programme over next
five years
Reduction in system
average interruption
duration
Investment in energy
efficiency measures
in 2007/08
About Electricity Distribution &
Generation
Our Electricity Distribution & Generation business operates
in the northeastern US. It is reported as a single segment in
our financial statements as Electricity Distribution &
Generation US.
We describe below the principal operations, current and
future developments and performance of the Electricity
Distribution & Generation US se
g
ment, however, this section
should be read in conjunction with the rest of this Operating
and Financial Review, in particular our vision, strategy and
objectives, business drivers and risks and external and
regulatory environments, as set out on pages 15 to 19.
Principal operations
Electricity Distribution
We are one of the leading electricity distribution service
providers in the northeastern US, as measured by energy
delivered, and one of the largest utilities in the US, as
measured by the number of electricity distribution customers.
Our electricity distribution system spans upstate New York,
Massachusetts, Rhode Island and New Hampshire, which,
together with the system on Long Island owned by the Long
Island Power Authority (LIPA), provides ener
g
y to customers
that include homes, small and large commercial and
industrial enterprises.
We are responsible for building, operating and maintaining
our electricity distribution networks in New En
g
land and New
York, and LIPA’s transmission and distribution networks on
Lon
g
Island. What we do is essential to the economies of the
regions in which we operate and the comfort and well-being
of the millions of people who depend on our services.
Our aim is to provide a reliable, high quality electricity
distribution network to our customers, and a high level of
customer service. In providing these services, we are
committed to safeguarding our global environment for future
generations.
Through our electricity distribution networks we serve
approximately 3.4 million electricity customers over a
network of approximately 116,000 circuit kilometres (72,000
miles) in New England and New York.
On Long Island, we are responsible for managing the
electricity transmission and distribution system on behalf of
LIPA. The LIPA service territory consists of most of Nassau
and Suffolk counties on Long Island, together with the
Rockaway Peninsula which forms part of Queens county
(part of New York City). It covers approximately 3,200
square kilometres, encompassing nearly 90% of Long
Island’s total land area. LIPA owns approximately 2,100
kilometres (1,300 miles) of transmission line facilities that
deliver power to approximately 170 substations in its
electricity