Company Overview of Northern Ireland Electricity Networks Limited
Northern Ireland Electricity Networks Limited engages in the construction, ownership, and maintenance of the transmission and distribution networks in Northern Ireland. The company is also involved in the operation of the distribution network. Its transmission and distribution network includes 2,200 kilometers of transmission lines; 47,000 kilometers of distribution lines; and 300 major substations. The company provides electricity meters, as well as metering data to suppliers and market operators to enable wholesale and retail settlement. It serves approximately 860,000 customers. The company was formerly known as Northern Ireland Electricity Limited and changed its name to Northern Ireland...
120 Malone Road
Belfast, BT9 5HT
Founded in 1991
Key Executives for Northern Ireland Electricity Networks Limited
Deputy Managing Director, Director of Regulation & Market Operations and Director
Managing Director and Director
Compensation as of Fiscal Year 2015.
Northern Ireland Electricity Networks Limited Key Developments
Northern Ireland Electricity Networks Limited Reports Audited Consolidated and Parent Earnings Results for the Year Ended December 31, 2015
Mar 14 16
Northern Ireland Electricity Networks Limited reported audited consolidated and parent earnings results for the year ended December 31, 2015. For the year, on the consolidated basis, the company reported revenue was £236.1 million against £243.8 million a year ago. Operating profit was £92.3 million against £102.4 million a year ago. Profit before tax was £50.7 million against £61.5 million a year ago. Profit for the year attributable to the equity holders of the parent company was £50.2 million against £48.2 million a year ago. Net cash flows from operating activities was £148.0 million against £125.3 million a year ago. Purchase of property, plant and equipment was £137.3 million against £118.9 million a year ago. Purchase of intangible assets was £0.2 million against £0.5 million a year ago.
For the year, on the parent basis, the company reported profit for the financial year of £48.7 million against £47.1 million a year ago. Total comprehensive income for the year attributable to the equity holders of the parent company was £56.4 million against £13.1 million a year ago.
Northern Ireland Electricity Limited has Changed its Name to Northern Ireland Electricity Networks Limited
Sep 18 15
Northern Ireland Electricity Limited changed its name to Northern Ireland Electricity Networks Limited.
Northern Ireland Electricity to Extend Contract with Capita
Nov 25 14
Northern Ireland Electricity, or NIE, has announced that it will extend its current contract with Capita Managed IT Solutions for a further three years to 2017. The extension of this contract ensures continuity of service and supports NIE's ability to provide services to NIE staff and customers.
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