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KeySpan Corporation was the fifth largest distributor of National Grid - Keyspan Merger Provides New Savings And Expanded Resources To New Hampshire Customers
/ref> KeySpan received a 100% rating on the Corporate Equality Index released by the
At some point it had 3,651 Employees and nearly $1 billion in sales.
KeySpan Changes Name to National Grid
National Grid completes $7.3 billion merger with KeySpan
{{Long Island power Energy infrastructure on Long Island, New York Energy in New England Companies established in 1998 Companies based in New York City Electric power companies of the United States Natural gas companies of the United States Companies formerly listed on the New York Stock Exchange 2007 mergers and acquisitions
KeySpan Corporation was the fifth largest distributor of natural gas
Natural gas (also fossil gas, methane gas, and gas) is a naturally occurring compound of gaseous hydrocarbons, primarily methane (95%), small amounts of higher alkanes, and traces of carbon dioxide and nitrogen, hydrogen sulfide and helium ...
in the United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...
. KeySpan was formed in 1998 as a result of the merger of Brooklyn Union Gas Company (founded 1895 by merging several smaller companies) and Long Island Lighting Company
The Long Island Lighting Company, or LILCO ("lil-co"), was an Electrical power industry, electrical power company and natural gas utility for Long Island, New York (state), New York, serving 2.7 million people in Nassau County, New York, Nassau, Su ...
(LILCO), and briefly operated under the name MarketSpan following the merger. 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
Massachusetts ( ; ), officially the Commonwealth of Massachusetts, is a U.S. state, state in the New England region of the Northeastern United States. It borders the Atlantic Ocean and the Gulf of Maine to its east, Connecticut and Rhode ...
; and EnergyNorth Natural Gas in New Hampshire
New Hampshire ( ) is a U.S. state, state in the New England region of the Northeastern United States. It borders Massachusetts to the south, Vermont to the west, Maine and the Gulf of Maine to the east, and the Canadian province of Quebec t ...
. It also was the operator of the Long Island Power Authority's electrical grid, which had previously been part of LILCO before LIPA took it over in 1998. KeySpan had its headquarters in Brooklyn
Brooklyn is a Boroughs of New York City, borough of New York City located at the westernmost end of Long Island in the New York (state), State of New York. Formerly an independent city, the borough is coextensive with Kings County, one of twelv ...
, New York, USA and employed 9,700 people.
In February 2006, National Grid USA, a wholly owned subsidiary of National Grid plc
National Grid plc is a British multinational electricity and gas utility company headquartered in London, England. Its principal activities are in the United Kingdom, where it owns and operates electricity and natural gas transmission networks ...
of the United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...
, announced that it had agreed to buy KeySpan for $7.3 billion (£4.1 billion) in cash, the deal being subject to regulatory approval and endorsement by the shareholders of the two companies. In 2007 National Grid plc announced the completion of the acquisition./ref> KeySpan received a 100% rating on the Corporate Equality Index released by the
Human Rights Campaign
The Human Rights Campaign (HRC) is an American LGBTQ advocacy group. It is the largest LGBTQ political lobbying organization within the United States. Based in Washington, D.C., the organization focuses on protecting and expanding rights for L ...
starting in 2004, the third year of the report.
Brooklyn Union Gas
The Brooklyn Union Gas Company was originally established in 1825 as the ''Brooklyn Gas Light Company'', changing its name after a series of mergers in 1895. Rapid growth in the early 1900s prompted the company to establish a new headquarters at 180 Remsen Street. Noted Brooklyn architect Frank Freeman was commissioned to design the new headquarters, which was built in 1914. In 1962, a new 13-story headquarters was built at 195 Montague Street. The headquarters was relocated to One MetroTech Center circa 1990.
At some point it had 3,651 Employees and nearly $1 billion in sales.
See also
* KeySpan ParkReferences
External links
KeySpan Changes Name to National Grid
National Grid completes $7.3 billion merger with KeySpan
{{Long Island power Energy infrastructure on Long Island, New York Energy in New England Companies established in 1998 Companies based in New York City Electric power companies of the United States Natural gas companies of the United States Companies formerly listed on the New York Stock Exchange 2007 mergers and acquisitions