National Grid and KeySpan make merger antitrust, foreign investment filings

Westborough, MA, and Brooklyn, NY, June 9, 2006 — National Grid and KeySpan Corp. filed information in compliance with the Hart-Scott-Rodino Antitrust Improvements Act, a requirement of their proposed transaction.

Under the act, the companies furnished required information to the Antitrust Division of the Department of Justice and to the Federal Trade Commission. The HSR filings were made separately by each company.

In addition, National Grid and KeySpan made voluntary notice to the Committee on Foreign Investment in the United States that National Grid, a London-headquartered company, is acquiring a U.S. company.

In both the HSR and CFIUS filings, the applicable federal authority has 30 days to determine if the filings require further review.

On February 27, 2006, National Grid and KeySpan announced an agreement for National Grid to acquire KeySpan, which will materially expand the size of National Grid’s US operations and create the third-largest gas delivery utility in the United States.

For more news and exclusive features from Utility Automation & Engineering T&D and Electric Light & Power online, please click here.

Previous articleBrookfield Power acquires two hydroelectric stations in Maine
Next articleDOE and wind industry join to create action plan for vision of 20% electricity from wind
The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at

No posts to display