12th Jul 2007 13:51
National Grid PLC12 July 2007 12 July 2007 National Grid plc National Grid Appoints US Board Director The Board of National Grid plc is pleased to announce the appointment of TomKing as an Executive Director with effect from 13 August 2007. Tom will bebased in the US and will have responsibility for the electricity distributionand generation businesses. Tom has more than 20 years of experience in the US energy industry. Mostrecently he was CEO of Pacific Gas and Electric Company, which is one of thelargest investor-owned gas and electric utilities in the US, serving northernand central California. Tom was part of the leadership that, after itsre-emergence from bankruptcy, established PG&E on its journey to a topperforming utility, improving operational performance and significantlyimproving customer service and its credibility with the regulator. National Grid Chairman, Sir John Parker, commented: "We are pleased to welcome Tom to the National Grid Board. He brings a wealth ofoperational expertise and experience from the US electricity and gas industry." Steve Holliday, National Grid Chief Executive, added: "I am delighted that Tom will be joining us; he has the ideal background in bothelectricity and gas industries. He also has a great track record ofimplementing change, to drive improvements in reliability and customer service.His appointment is an important final step in building the management team atNational Grid to drive the business to a new level as we near the completion ofKeySpan." Contacts National Grid: Investors David Rees +44 (0)20 7004 3170 +44 (0)7901 511322 (m) Richard Smith +44 (0)20 7004 3172 +44 (0)7747 006321 (m) James Waite +44 (0)20 7004 3171 +44 (0)7977 440902 (m) Media Clive Hawkins +44 (0)20 7004 3147 +44 (0)7836 357173 (m) Brunswick: Paul Scott +44 (0)20 7396 5333 +44 (0)7974 982333(m) Photographs can be found at www.newscast.co.uk. Notes Tom King Tom was President of PG&E Corporation and Chairman and CEO of Pacific Gas andElectric Company from 2003-07. Before that, he served as Senior Vice Presidentof PG&E Corporation, and as President of PG&E National Energy Group; havingjoined PG&E Gas Transmission as President in 1998. Prior to PG&E, he served as President and Chief Operating Officer of KinderMorgan Energy Partners. He previously spent eight years, from 1989 to 1997, withEnron in a series of senior operating positions with its affiliates, EnronLiquid Services, Northern Natural Gas Company, Transwestern Pipeline Company andNorthern Border Pipeline Company. He also held positions at Cabot Corporation'snatural gas unit, Cabot Transmission Corporation, and the Panhandle EasternCorporation. Tom was awarded a bachelor's degree in business administration from LouisianaState University and is a graduate of the University of Michigan's executivemanagement programme. He also successfully completed the Nuclear ReactorTechnology Programme at the Massachusetts Institute of Technology. National Grid National Grid plc (LSE:NG.; NYSE:NGG) is an international energy deliverybusiness with principal activities in the regulated electricity and gasindustries in the US and UK. In the US, National Grid transmits and distributes electricity and natural gasto over 4 million customers across 29,000 square miles of Massachusetts, NewHampshire, New York and Rhode Island. In 2006 National Grid announced theacquisition of KeySpan, the largest gas distributor of natural gas in theNortheast US, operating regulated gas utilities in New York, Massachusetts andNew Hampshire that serve 2.6 million customers. KeySpan is also the largestelectricity generator in New York State, providing power to 1.1 millioncustomers of Long Island Power Authority (LIPA) on Long Island and suppliesapproximately 25% of New York City's capacity needs. KeySpan also operatesLIPA's electricity transmission and distribution system under contract to LIPA. In the UK, National Grid owns the high-voltage electricity transmission networkin England and Wales and operates the system across Great Britain. It also ownsand operates the high-pressure gas transmission system in Britain and, throughits natural gas distribution business serves over 11 million customers in homesand businesses in Britain. National Grid also has a number of businessesoperating in related areas such as LNG importation, land remediation, meteringand interconnectors. For more information: www.nationalgrid.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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