KeySpan
Encyclopedia
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
. KeySpan had its headquarters in Brooklyn
, New York, USA and employed 9,700 people.
In February 2006, National Grid USA, a wholly owned subsidiary 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. In 2007 the National Grid plc announced the acquisition of KeySpan Corporation.
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.
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. KeySpan was formed in 1998 as result of the merger of Brooklyn Union Gas Company
Brooklyn Union Gas Company Headquarters
The Brooklyn Union Gas Company Headquarters, also known as 180 Remsen Street, and since 1962 the St. Francis College Arts Building, is a notable building in Brooklyn, New York...
(founded 1895 by merging several smaller companies) and Long Island Lighting Company
Long Island Lighting Company
The Long Island Lighting Company, or LILCO [ "lil-co" ], was an electrical power company and natural gas utility for the communities of Long Island, New York, serving 2.7 million people in Nassau, Suffolk and Queens Counties....
(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
Massachusetts
The Commonwealth of Massachusetts is a state in the New England region of the northeastern United States of America. It is bordered by Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north; at its east lies the Atlantic Ocean. As of the 2010...
; and EnergyNorth Natural Gas in New Hampshire
New Hampshire
New Hampshire is a state in the New England region of the northeastern United States of America. The state was named after the southern English county of Hampshire. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Atlantic Ocean to the east, and the Canadian...
. KeySpan had its headquarters in Brooklyn
Brooklyn
Brooklyn is the most populous of New York City's five boroughs, with nearly 2.6 million residents, and the second-largest in area. Since 1896, Brooklyn has had the same boundaries as Kings County, which is now the most populous county in New York State and the second-most densely populated...
, 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
National Grid plc is a multinational electricity and gas utility company headquartered in London, United Kingdom. Its principal activities are in the United Kingdom and northeastern United States and it is one of the largest investor-owned energy companies in the world.National Grid is listed on...
of the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
, 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. In 2007 the National Grid plc announced the acquisition of KeySpan Corporation.
KeySpan received a 100% rating on the Corporate Equality Index released by the Human Rights Campaign
Human Rights Campaign
The Human Rights Campaign is the United States' largest LGBT advocacy group and lobbying organization; according to the HRC, it has more than one million members and supporters...
starting in 2004, the third year of the report.