EM - April/May 2013 - (Page 1)

The newspaper for the ESB Community 80 new jobs supporting growth plans April/May 2013 www.esb.ie/em page 12 News Innovation Generation & Wholesale Markets BSC & Electric Ireland ESB Networks Ltd Page 02 Page 10 Page 13 Page 15 Page 21 Top stories in brief ESB’s 2011 Annual Report wins international recognition ESB wins three prestigious Vision Awards by the League of American Communications Professionals (LACP) for its 2011 Report ‘Powering You’. ESB International gets the thumbs up for quality ESBI’s quality management system has been recommended for recertification to IS EB ISO 9001:2008 standard. Electric Ireland sponsors Influential Energy Efficiency event continued on page 5 ENERGY FOR CONNECTING YOU 24/7 Contributing €1.8bn to Irish Economy in 2012 - ESB announces Annual Results 8 ESB announced an after tax profit of €194m in its Annual Report for 2012, which was published on Wednesday March 13th. Engineers Week in ESB ESB Head Office hosted a day-long event for Engineers Week, where students visited to talk to our engineers about their roles, experiences and impressions of engineering as a career. Annual Report and esb.ie Accounts 2012 www.esb.ie 40312542_ESB_A nnual_Rep_2012_ cover guide.indd 1 05/03/2013 12:49 ESB Chairman, Lochlann Quinn welcomed the results for 2012, saying they showed an overall improvement in Group performance for the year. He said, “This is important as a financially strong ESB can ensure continued investment in important infrastructure in Ireland. Despite continuing challenges in domestic and international markets, we succeeded in raising €1.1b through the issue of new bonds to repay maturing debt and to fund our ongoing investment programme of up to €1b per year.” The Board is recommending a dividend of €78m, bringing the total dividends to the Irish exchequer to almost €1bn over the past decade. In 2012, ESB contributed €1.8b to the Irish economy in its direct economic activities. ESB continued its focus on costreduction during the year. Recurring annual savings of over €200m have already been achieved under ESB’s Performance Improvement Programme, which represents more than 70 percent of the €280m target for 2015 set in 2010. Almost 1,000 staff have left the company since 2010. The financial statement includes an exceptional item of €161m to provide for the costs associated with staff exits in 2012. During 2012, ESB raised €1.1bn through the issue of bonds to predominantly European investors and this will support its ongoing infrastructure investment programme. Also, over €600m in project finance facilities were raised to fund the construction of Carrington Power Station in the UK. In recent months two credit rating agencies, Standard & Poor’s and Fitch, changed the outlook on their rating of ESB (rated BBB+ by both) from ‘negative’ to ‘stable’. This reflects ESB’s successful funding and robust financial performance, as well as Ireland’s overall economic progress. The company invested €765m in infrastructure projects during 2012. There was €466m invested in upgrading electricity transmission and distribution network in Ireland to accommodate increases in wind generation and to maintain the resilience of the network. continued on page 3 ESB Networks Customer Care Centre (NCCC) Outstanding Performance The continual outstanding performance of front line services is a critical factor to the success of our business. Tullamore achieves 5,000 days without a lost-time incident Congratulations to ESB Networks staff in Tullamore for reaching 5000 days since their last LTI issn no. 0790-7508 Storm hits Northern Ireland More than 140,000 homes were left without electricity as a severe storm hit Northern Ireland. NIE emergency crews, ably assisted by around 100 Networks staff from ESB and other contractors, worked around the clock to rebuild the network which had been damaged by snow and strong winds. Representatives from more than 100 of Ireland’s largest energy users gathered for a briefing on the latest financial and technological developments in energy efficiency. http://www.esb.ie/em

Table of Contents for the Digital Edition of EM - April/May 2013

EM - April/May 2013
Contents
News
Innovation
Generation & Wholesale Markets
BSC & Electric Ireland
ESB Networks Ltd
Health & Habitat

EM - April/May 2013