Economic Development

We have an important role in supporting economic development of the countries, regions and communities in which we operate.

This perspective looks at how much of a contribution we have made during 2007/08:

  • Over £3,000 million invested in new assets
  • Board proposing dividend increase for 2007/08 of 15%* and targeting an increase of 8% per annum from 2008/09 to 2011/12.
  • Acquisition of KeySpan Corporation complete; sale announced  of Ravenswood generation station for $2.9 billion (£1.4 billion).
  • Sale of the National Grid Wireless, Basslink and Advantica completed
  • Share buy-back programme amounted to some £1.5 billion

*Subject to Shareholder resolution at 2008 Annual General Meeting