Risk.net

National Grid to buy KeySpan for $7.3 bn

British utility National Grid will acquire KeySpan for approximately $7.3 billion in cash to create the third-largest US energy delivery company. KeySpan shareholders will receive $42 in cash per share. Upon completion of the deal, National Grid will serve nearly 8 million customers in New York State and New England, the companies said.

National Grid - owner and operator of Britain's power grid - already distributes electricity and natural gas to nearly 4 million customers in the US.

New York

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here