National Grid 2008 Annual Report Download - page 580

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 14118
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: 60
Description: EXHIBIT 15.1
0/12256.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/256/12*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 14118
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: 60 Description: EXHIBIT 15.1
0/12256.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/256/12*
Table of Contents
68 Non-re
g
ulated businesses and other
National Grid plc
Non-regulated businesses and other
We own National Grid Metering, OnStream, National Grid Grain LNG and
National Grid Pro
p
ert
y
.
Key Facts
– Metering and meter
reading services for
around 20 million meters
in the UK
– Property portfolio of
around 800 sites
comprising buildings and
land of around 1,600
hectares
– Grain LNG planned total
investment of
approximately
£830 million
This year has seen further expansion activity at our liquefied natural gas
(LNG) import terminal on the Isle of Grain, which is currently capable of
processing 3.3 million tonnes of LNG a year. We are continuing to invest in
Grain, and by 2010 it should have the capacity to import 14.8 million tonnes per
annum, around 20% of the UK’s forecast gas demand.
During the year approximately 810,000 new meters were installed by
OnStream, our competitive metering business, comprising approximately
420,000
g
as and 390,000 electricit
y
meters.
We are undergoing a programme of land remediation at many of our brownfield
sites, includin
g
le
g
ac
y
g
as sites.
In the US, our non-regulated activities include LNG storage, LNG
transportation, unregulated transmission pipelines, West Virginia gas fields and
home energy services.
£129m
Adjusted operating profit
£383m
Capital investment
3,166
Employees
590,000
tonnes
LNG imported to the UK
throu
g
h Isle of Grain