KeySpan

KeySpan

Infobox Defunct Company
company_name = KeySpan Corporation
company_
slogan = "Climate is everything." [http://www.ligaly.com/images/logos/keyspan_logo_climate.gif]
fate = Purchased by NationalGrid
successor = National Grid USA
foundation = 1998
location = New York City, New York, United States of America
industry = Public (nyse|KSE) [http://swz.salary.com/execcomp/layouthtmls/excl_companyreport_C1000739_lti.html]
key_people =
products = Natural gas utility in Long Island, Brooklyn and Queens Counties; parts of Massachusetts and New Hampshire.
defunct = 2007
parent = National Grid USA

KeySpan Corporation, now part of National Grid USA, was the fifth largest distributor of natural gas in the United States. KeySpan was formed in 1998 as result of the merger of Brooklyn Union Gas Company (founded 1895 by merging several smaller companies) and Long Island Lighting Company (LILCO). On November 8, 2000, KeySpan acquired Eastern Enterprises, Eastern's natural gas distribution subsidiaries including Boston Gas Company, Colonial Gas Company and Essex Gas Company; Eastern's unregulated businesses including ServicEdge Partners, the largest unregulated provider of residential HVAC equipment installation and services in Massachusetts; and EnergyNorth Natural Gas in New Hampshire. [ [http://www.energysolutionscenter.org/about/mem_keyspan.asp Energy Solutions Center ] ] KeySpan had its headquarters in Brooklyn, New York, USA and employed 9,700 people. [ cite book
last =
first =
authorlink =
coauthors =
title = Standard and Poor's 500 Guide
publisher = The McGraw-Hill Companies, Inc.
date = 2007
location =
pages =
url =
doi =
isbn = 0-07-147906-6
]

In February 2006, National Grid USA, a wholly owned subsidy of National Grid plc of the United Kingdom, announced that it had agreed to buy KeySpan for $7.3bn (£4.1bn) in cash, the deal being subject to regulatory approval and endorsement by the shareholders of the two companies. [ [http://news.bbc.co.uk/1/hi/business/4754350.stm BBC] National Grid buys US gas company] In 2007 the National Grid plc announced the acquisition of KeySpan Corporation. [ [http://www.nationalgridus.com/aboutus/a3-1_news2.asp?document=1771 National Grid - Keyspan Merger Provides New Savings And Expanded Resources To New Hampshire Customers] ]

KeySpan received a 100% rating on the Corporate Equality Index released by the Human Rights Campaign starting in 2004, the third year of the report.

ee also

*KeySpan Park

References

External links

* [http://www.keyspanenergy.com Official site]


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