Guernsey 2,453 employing businesses. 19.6% work in the finance industry and median earnings were £31,215. Public services, such as water, wastewater, the two main harbours and the airport are still owned and controlled by the States of Guernsey. The electricity, and postal services have been commercialised by the States and are now operated by companies wholly owned by the States of Guernsey. Gas is supplied by an independent private company. In 1998, Guernsey and Jersey jointly formed the Channel Islands Electricity Grid to operate and manage the submarine cables between Europe and the Channel Islands. The installation of these cables provided
Bailiwick of Guernsey government. All three legal jurisdictions need Royal Assent from the Privy Council on its primary legislation. Each jurisdiction raises its own taxation, although in 1949 Alderney transferred its rights to Guernsey. The island of Guernsey has a population of around 63,000 in and forms the legal and administrative centre of the Bailiwick of Guernsey. The parliament of Guernsey and of the nearby inhabited islands of Herm, Jethou and Lihou is the States of Guernsey. With a population of around 1,900 in , Alderney has its own parliament, the States of Alderney, which has ten elected members and an elected president.