Report - - Transco Labratories Hertfordshire Sep 2011 | Diehardlove | 28DaysLater.co.uk

Report - Transco Labratories Hertfordshire Sep 2011


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Merger with Transco

In October of the same year, National Grid Group merged with Lattice Group plc, owner of Transco – the UK gas distribution business (Lattice demerged from BG Group in 2000).[6] National Grid Group changed its name to National Grid Transco plc.

In 2004, National Grid Transco agreed to sell four of its regional gas distribution networks. The total cash consideration was £5.8 billion. NGT kept ownership of other four distribution networks, which comprise almost half of Great Britain's gas distribution network.[7]

In 2005, National Grid Transco was renamed National Grid plc.[8] On 26 July 2005 National Grid Company was renamed National Grid Electricity Transmission plc and on 10 October 2005 Transco was renamed National Grid Gas plc.
Further acquisitions

In February 2006, National Grid announced that it had agreed to buy KeySpan Corporation,[9] a gas distributor and electricity producer in the United States, for $7.3bn (£4.1bn) in cash. Around the same time, National Grid also announced the acquisition of the Southern Union Company subsidiary, New England Gas Company in Rhode Island.[10] The acquisitions of the two natural gas delivery companies materially doubled the size of National Grid's American subsidiary, creating the second largest utility in the United States with over 8 million customers.

The acquisition of KeySpan was completed on 24 August 2007 following government and regulatory approval and endorsement by the shareholders of the two companies