Ownership and Governance

ElectraNet’s owners bring independent technical and financial expertise to our strategic planning and decision-making processes.

ElectraNet is a private company and operates under the governance of the ElectraNet Board of Directors, which includes up to nine Directors representing the shareholding companies, and an independent Chairman.

We own and operate $2.5 billion worth of transmission assets and have a strong investment-grade credit rating with a Moody’s Baa1 and Standard & Poor’s BBB+ equivalent.

The owners of ElectraNet Pty Ltd, trading as ElectraNet, are:

State Grid International Development Asia & Australia Holding Company
The international arm of the State Grid Corporation of China

YTL Power Investments Limited
An investment company of YTL Power International Berhad

Hastings Investment  Management Pty Ltd
As trustee for the Hastings Utilities Trust

4

ElectraNet Board of Directors

Independent Chairman – Gordon Jardine

Company Secretary – Bernard Hough, Sam Dighton

Representing State Grid International Development Asia & Australia Holding Company
Xiaojun Jiang
Lequan Li
Jianxing Sun
Xinghua Shi

Representing YTL Power Investments Ltd
Francis SP Yeoh
SH Yeoh
PK Chin

Representing Hastings Investment Management Pty Ltd
Jane Park
Alan Freer

Board Committees

Audit and Compliance Committee

Assists the Board to fulfil its corporate governance responsibilities for financial integrity, compliance with laws, regulations and codes of conduct, business risk management, and audit effectiveness.

Remuneration Committee

Assists the Board to develop policies for employee remuneration to help attract and retain a dynamic workforce within ElectraNet.

Treasury Committee

Develops guidelines and strategies to manage treasury risks such as liquidity, interest rates, foreign exchange, commodity pricing, and credit.

Business Plan Committee

Assists the Board to fulfil its responsibilities in relation to strategic and annual business planning.

Network Technical Committee

Assists the Board to fulfil its responsibilities in relation to overseeing technical matters relating to the design, operation and maintenance of ElectraNet’s transmission network.