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18 When Country <strong>Energy</strong> formed in July 2001, we began a long-term program to upgrade our network, improve supply reliability and lift overall service levels. In the past four years, we have spent more than $560 million on our network and associated services, with plans to invest an additional $1.2 billion between 2005 and 2009. $187 million investment The past 12 months has seen substantial investment in our network – all aimed at cementing the reliability of our unique regional electricity network and catering for increased demands and the rising expectations of our diverse customer base. More than $187 million was spent on the network during 2004-2005, with a further $1.2 billion pledged for the next five years. The challenge of distributing a safe and reliable power supply to such a vast geographic area, which includes some of the fastest-growing areas of the State, requires innovative, state-of-the-art solutions and forward thinking. Major initiatives of the past 12 months included the conversion and re-construction of sub-transmission powerlines, construction of new zone substations and the upgrade of major powerlines. Network investment by region Northern – $14.8 million North Western – $18 million Far North Coast – $41 million Far North Coast Region Northern Region North Western Region Mid North Coast – $29 million Mid North Coast Region Central Western Region Central Western – $9.3 million South Western Region Riverina Region South Western – $8.3 million South Eastern Region South Eastern – $19 million Riverina – $20.5 million COUNTRY ENERGY ANNUAL REPORT 2004–2005
The table below highlights some examples of projects that will be partially or fully completed in the next five years. Area Project Amount Key dates Albury Ballina Install new transformer and construct 132kV powerline to Corowa to increase capacity and improve reliability Major upgrade and expansion of the existing Ballina zone substation to increase capacity and improve reliability $2.7 million Due for completion by December 2006 $2.5 million Due for completion by July 2006 Lennox Head Bathurst New zone substation at Lennox Head to supply Lennox Head area, currently supplied by Ballina zone substation $2.5 million Due for completion by July 2008 Construct a new powerline for the industrial area at Raglan as backup supply for major industrial customers as well as improving reliability to urban and rural customers $300,000 Due for completion by December 2005 19 Coffs Harbour Dunedoo Condobolin Lismore Murrumbidgee Tweed Heads Wentworth Tamworth Construct Moonee to Coffs Harbour North 66kV power line to improve reliability Construct new high voltage powerline from Dunedoo to Coolah Village to increase capacity and improve supply quality Upgrade Condobolin to Tallebung powerline to 33kV to increase capacity and improve supply quality Construct new zone substation to supply Lismore University and surrounding area Construct 132/11kV Griffith substation 132kV transformer bays, 3000amp SWBD building and 132/11kV transformer to meet increased demand Construct new zone substation at Cobaki to increase capacity Install 66kV powerline and feeder bay at Dareton to cater for increased demand Rebuild Oxley Vale zone substation to cater for load growth $3.2 million Due for completion by July 2006 $250,000 Due for completion by December 2007 $630,000 Due for completion by December 2005 $3 million Due for completion by July 2007 $3.2 million Due for completion by December 2006 $3 million Due for completion by July 2008 $3.2 million Due for completion by November 2005 $3.8 million Due for completion by December 2006 COUNTRY ENERGY ANNUAL REPORT 2004–2005
Page 1 and 2: Becoming Australia’s leading util
Page 3 and 4: Priorities in 2004-2005 Country Ene
Page 5 and 6: A leader in safety 5 COUNTRY ENERGY
Page 7 and 8: Detailed audit schedules have been
Page 9 and 10: Workers compensation In addition to
Page 11 and 12: A successful national retailer 11 C
Page 13 and 14: Looking inside We recognise that ou
Page 15 and 16: This resulted in the campuses reduc
Page 17: The best network manager 17 COUNTRY
Page 21 and 22: • Large snowfalls in the Snowy Mo
Page 23 and 24: Vegetation management The managemen
Page 25 and 26: Information services In addition to
Page 27 and 28: A responsible environmental manager
Page 29 and 30: One of the most rewarding aspects o
Page 31 and 32: Our increasing involvement in proje
Page 33 and 34: Waste management A code of practice
Page 35 and 36: A valued part of the community 35 C
Page 37 and 38: Increased presence Our program of r
Page 39 and 40: Nu 1000 0 2002-2003 2003-2004 2004-
Page 41 and 42: Sponsorship spend $82,424 $125,000
Page 43 and 44: An employer of choice 43 COUNTRY EN
Page 45 and 46: Apprentices by region / operational
Page 47 and 48: Employees also initiated a fundrais
Page 49 and 50: Employee assistance program Country
Page 51 and 52: Our Executive Craig Murray - Managi
Page 53 and 54: Director Current appointment Board
Page 55 and 56: Risk management Country Energy appr
Page 57 and 58: Executive remuneration At the end o
Page 59 and 60: Consultants A total of $1.3 million
Page 61 and 62: • Electricity Industry Act 2000 N
Page 63 and 64: Financial statements contents Indep
Page 65 and 66: Statement by Members of the Board 6
Page 67 and 68: Statement of Financial Position as
Page 69 and 70:
Notes to the Financial Statements f
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Customer information The following
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Index A Achievements inside cover A
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