DavidGrain
master brummie
Following on from the posts about what happend to MEB. This is the latest in the saga. Copied from The Business Desk, a news website. (I did a copy and paste so the spelling is not my responsibility.)
Warwick-based National Grid is set to buy Western Power, the UK’s largest electricity distribution business in a deal worth £7.8bn.
As part of the deal, National Grid will sell The Narragansett Electric Company (NECO) to PPL Emnergy Holdings – a subsidiary of PPL WLD Investments, the holding company of Western Power, in a £2.7bn deal.
In a futher move, National Grid has announces that it will start a process later this year for the sale of a majority stake in National Grid Gas, the owner of the national gas transmission system.
Warwick-based National Grid is set to buy Western Power, the UK’s largest electricity distribution business in a deal worth £7.8bn.
As part of the deal, National Grid will sell The Narragansett Electric Company (NECO) to PPL Emnergy Holdings – a subsidiary of PPL WLD Investments, the holding company of Western Power, in a £2.7bn deal.
In a futher move, National Grid has announces that it will start a process later this year for the sale of a majority stake in National Grid Gas, the owner of the national gas transmission system.