National Grid 2008 Annual Report Download - page 691

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 54902
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: 164
Description: EXHIBIT 15.1
0/4360.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/360/4*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 54902
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: 164 Description: EXHIBIT 15.1
0/4360.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/360/4*
Table of Contents
172
Notes to the consolidated financial statements continued
National Grid plc
37. Subsidiary undertakings, joint ventures and associates
Principal subsidiary undertakings
The principal subsidiary undertakings included in the consolidated financial statements at 31 March 2008 are listed below.
These undertakings are wholly-owned and, unless otherwise indicated, are incorporated in Great Britain.
Principal joint ventures and associates
The principal joint ventures and associate undertakings included in the financial statements at 31 March 2008 are listed below.
These undertakings are incorporated in Great Britain (unless otherwise indicated).
A full list of all subsidiary and associated undertakings is available from the Company Secretary & General Counsel of the
Company.
Principal activity
National Grid Gas
p
lc
(
i
)
Transmission and distribution of
g
as
National Grid Electricit
y
Transmission
p
lc
(
i
)
Transmission of electricit
y
in En
g
land and Wales
New En
g
land Power Com
p
an
y
(
incor
p
orated in the US
)
(
i
)
Transmission of electricit
y
Massachusetts Electric Company (incorporated in the US) (i) Distribution of electricity
The Narra
g
ansett Electric Com
p
an
y
(
incor
p
orated in the US
)
(
i
)
Distribution of electricit
y
Nia
g
ara Mohawk Power Cor
p
oration
(
incor
p
orated in the US
)
(
i
)
Distribution and transmission of electricit
y
and
g
as
National Grid Meterin
g
Limited
(
i
)
Meterin
g
services
OnStream Metering Services Limited (i) Metering services
National Grid Grain LNG Limited
(
i
)
LNG im
p
ort terminal
Boston Gas Com
p
an
y
(
incor
p
orated in the US
)
(
i
)
Distribution of
g
as
National Grid Electric Services LLC
(
incor
p
orated in the US
)
(
i
)
Transmission and distribution of electricit
y
National Grid Generation LLC (incorporated in the US) (i) Generation of electricity
New En
g
land Electric Transmission Cor
p
oration
(
incor
p
orated in the US
)
(
i
)
Transmission of electricit
y
Nantucket Electric Com
p
an
y
(
incor
p
orated in the US
)
(
i
)
Distribution of electricit
y
Ke
y
S
p
an Gas East Cor
p
oration
(
incor
p
orated in the US
)
(
i
)
Distribution of
g
as
KeySpan-Ravenswood, LLC (incorporated in the US) (i) Electricity generation
The Brookl
y
n Union Gas Com
p
an
y
(
incor
p
orated in the US
)
(
i
)
Distribution of
g
as
NGG Finance
p
lc
(
ii
)
Financin
g
British Transco Finance, Inc.
(
incor
p
orated in the US
)
(
i
)
Financin
g
British Transco International Finance B.V. (incorporated in The Netherlands) (i) Financing
National Grid Pro
p
ert
y
Limited
(
i
)
Pro
p
ert
y
services
National Grid Holdin
g
s One
p
lc
(
ii
)
Holdin
g
com
p
an
y
Lattice Grou
p
p
lc
(
i
)
Holdin
g
com
p
an
y
National Grid USA (incorporated in the US) (i) Holding company
Nia
g
ara Mohawk Holdin
g
s, Inc.
(
incor
p
orated in the US
)
(
i
)
Holdin
g
com
p
an
y
National Grid Commercial Holdin
g
s Limited
(
i
)
Holdin
g
com
p
an
y
National Grid Gas Holdin
g
s
p
lc
(
i
)
Holdin
g
com
p
an
y
National Grid
(
US
)
Holdin
g
s Limited
(
ii
)
Holdin
g
com
p
an
y
National Grid Holdings Limited (i) Holding company
Ke
y
S
p
an Cor
p
oration
(
incor
p
orated in the US
)
(
i
)
Holdin
g
com
p
an
y
(i) Issued ordinary share capital held by subsidiary undertakings.
(ii) Issued ordinary share capital held by National Grid plc.
% ownership Principal activity
Blue – ng (Holdings) Limited 50 Holding company
BritNed Develo
p
ment Limited 50 Interconnector between UK and Netherlands
Millennium Pi
p
eline Com
p
an
y
, LLC
(
incor
p
orated in the US
)
26.25 Gas
p
i
p
eline construction
Iro
q
uois Gas Transmission S
y
stem, L.P.
(
incor
p
orated in the US
)
20.4 Transmission of
g
as