WAMC New England News
12:15 am
Tue February 28, 2006

National Grid Expanding its Northeastern Reach

BOSTON, MA – National Grid, the British power distributor that serves much of upstate New York and western New England, continued its rapid expansion in the U.S. yesterday by agreeing to acquire Keyspan Energy, a major natural gas and power supplier in the northeast. The deal, if approved, will create the country's third largest power company, serving 8 million customers.

As WAMC's Pioneer Valley Bureau Chief Dan Bobkoff reports, the deal is getting a generally positive reaction.