Chief Executive’s Review
- Introduction
- Financials
- Strategy
- Our operating model
- Investing for growth
- Safety
- Climate change
- People and talent
- Looking forward
Investing for growth
We are investing and growing our asset value at what is a record rate for National Grid. During the last year, over £3 billion has been invested across the Company – up 30.2% over 2006/07. Based on our projections, current investment plans will drive the growth of our UK and US asset bases by over 35% and 25% respectively by 2012. These investments are made in response to the changing energy requirements in our operating territories and replacement of end of life assets. The returns on our investments are underpinned by our regulatory arrangements or by long-term contracts.