January 2012 Capital Investment - National Grid

Exhibit ___ (EIOP-19)Page 70 of 684III D. Asset ConditionPlanned asset condition investment levels for the sub-transmission system, andcomparison to investment levels from last year’s Plan, are shown in Table III-9.2011 to 2012 Variance:The lower level of forecasted spending for asset condition replacement is due to a lowerforecasted spending for major line refurbishment projects. This reduction is partiallyoffset by increased spending the inspection and maintenance program (which is part ofthe Statutory/Mandatory spending rationale). Additionally, replacement of several cablecircuits are accounted for in the System Capacity and Performance spending rationalesince the replacements also provide needed capacity increases.Table III-9Asset ConditionVariance Summary ($millions)CIP FY12 FY13 FY14 FY15 FY16 FY17 Total2011 24.5 30.6 32.3 38.9 51.2 - 177.52012 - 16.1 20.6 26.1 27.9 32.4 123.2Aside from blanket and program related projects, there is one specific project identifiedunder this spending rationale that exceeds $1 million in any fiscal year:• Project Candidate, Randall Road New Substation Install and Remove SubtransmissionLines. Remove 34.5kV line from Ballston to Randall Road.III-12 1271