Organisation and structure
Organisation
Our organisational structure and executive responsibilities ensure a balance between activities that are local, by lines of business and those that are common throughout National Grid.
The Board of Directors has overall responsibility for the governance, strategy and management oversight of National Grid. The Executive Committee, led by the Chief Executive, is responsible for day-to-day management of National Grid and for the execution of our strategy as approved by the Board.
Board of Directors
Executive Committee
Chief Executive Steve Holliday
Finance and shared services Steve Lucas
Transmission Nick Winser
Gas Distribution Mark Fairbairn
Electricity Distribution & Generation Tom King
Non-regulated businesses* and other (including corporate functions and information services)
- *
- Responsibility for each of our non-regulated businesses is allocated to the Executive Directors based on the nature of each business
In addition to the Executive Committee, the Board has also established a number of other committees that assist in exercising governance over National Grid’s activities, including the Audit, Finance, Nominations, Remuneration, Risk & Responsibility, and Disclosure Committees.
More information on the roles of the Board and these committees is available in the Corporate Governance section.
Business and geographic analysis
Our continuing operations are organised by lines of business as follows:
Business analysis 2008/09
Continuing operations
Our businesses are divided between the UK and the US as follows:
Geographical analysis 2008/09
Continuing operations
The charts show revenue and adjusted operating profit from continuing operations for the year ended 31 March 2009. Adjusted operating profit excludes exceptional items, remeasurements and stranded cost recoveries.
Revenue in the US includes commodity charges to customers for the energy they use, and on which we make no margin; revenue in the UK does not include such charges.
History
National Grid originated from the restructurings of the UK gas industry in 1986 and the UK electricity industry in 1990. We entered the US electricity delivery market in 2000 in New England and expanded into upstate New York in 2002. We increased our UK wireless infrastructure activities in 2004 and in 2005 we sold four UK regional gas distribution networks.
In 2006, we acquired the gas distribution network in Rhode Island and in 2007, we acquired KeySpan. We sold our UK and US wireless infrastructure operations and the Basslink electricity interconnector in Australia during 2007. In 2008, we sold the Ravenswood generation station.
Key milestones
- 1986
- British Gas incorporated as a public limited company
- 1990
- Electricity transmission network in England and Wales transferred to National Grid on electricity privatisation
- 1995
- National Grid listed on the London Stock Exchange
- 1997
- British Gas (BG) demerged Centrica
- 1997
- National Grid demerged Energis
- 2000
- Lattice Group demerged from BG and listed separately
- 2000
- New England Electric System and Eastern Utilities Associates acquired
- 2002
- Niagara Mohawk Power Corporation merged with National Grid in US
- 2002
- Merger of National Grid and Lattice Group to form National Grid Transco
- 2004
- Acquisition of UK wireless infrastructure network from Crown Castle International Corp.
- 2005
- Sales of four UK regional gas distribution networks and adopted National Grid as our name
- 2006
- Acquisition of Rhode Island gas distribution network
- 2007
- Sales of UK and US wireless infrastructure operations and of the Basslink electricity interconnector in Australia
- 2007
- Acquisition of KeySpan Corporation
- 2008
- Sale of the Ravenswood generation station
The history of operations that are now part of National Grid actually dates back much further than the dates above. For example, the first national gas company in the UK commenced operations in 1812.