Performance summary:
Key performance indicators
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| Delivering superior financial performance | Adjusted EPS ‡ † Target: To increase |
Adjusted earnings divided by the weighted average number of shares (pence) |
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| Total shareholder return Target: To increase |
Growth in share price assuming dividends are reinvested (% cumulative three year growth) |
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| Driving improvements in our safety, customer and operational performance |
Employee lost time
injury frequency rate * Target: Zero |
Injuries resulting in employees taking time off work (per 100,000 hours worked) |
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| Delivering strong, sustainable regulatory and long-term contracts with good returns | Group return on equity^ Target: To increase |
Adjusted earnings with certain regulatory based adjustments divided by equity (% – three year average) |
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| Modernising and extending our transmission and distribution networks |
Network reliability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Becoming more efficient through transforming our operating model | Controllable cost ~ Target: To decrease |
Regulated controllable operating costs (£m – comparatives stated on a constant currency basis and inflated to current performance year)  |
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| Building trust, transparency and an inclusive and engaged workforce | Employee engagement index Target: To increase |
Employee engagement index calculated using responses to our employee survey (%) |
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| Positively shaping the energy and climate change agenda | Greenhouse gas emissions# * Target: 80% reduction by 2050 45% reduction by 2020 |
Reduction in greenhouse gas emissions against baseline (% - cumulative reduction) |
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- ‡
- Adjusted earnings per share excludes exceptional items, remeasurements and stranded cost recoveries
- †
- 2007/08 includes continuing operations acquired with KeySpan for the period from 24 August 2007 to 31 March 2008 or as at 31 March 2008
- *
- 2007/08 data restated as if KeySpan acquisition had occurred at the beginning of the year, previously published figure excluding KeySpan was 0.24 for employee lost time injury frequency rate and 38% for greenhouse gas emissions
- ^
- 2007/08 results include KeySpan operations on a pro forma financial performance basis assuming the acquisition occurred on 1 April 2007
- ~
- 2006/07 and 2007/08 results include KeySpan operations on a pro forma financial performance basis assuming the acquisition occurred at the beginning of the fiscal year
- #
- 2008/09 result not currently available. Result will be published on our website www.nationalgrid.com in July 2009