Type | Public |
---|---|
NYSE: KSE | |
Founded | 1998 |
Defunct | 2007 |
Fate | Purchased by NationalGrid |
Successor | National Grid USA |
Headquarters | One MetroTech Center, Brooklyn, New York, United States of America |
Products | Natural gas utility on Long Island and in Brooklyn and Queens Counties; parts of Massachusetts and New Hampshire. |
Parent | National Grid USA |
KeySpan Corporation was the fifth largest distributor of natural gas in the United States. KeySpan was formed in 1998 as a result of the merger of Brooklyn Union Gas Company (founded 1895 by merging several smaller companies) and Long Island Lighting Company (LILCO), and briefly operated under the name MarketSpan following the merger. [1] 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. [2] [3] It also was the operator of the Long Island Power Authority's electrical grid, which had previously been part of LILCO before LIPA took it over in 1998. KeySpan had its headquarters in Brooklyn, New York, USA and employed 9,700 people. [4]
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 $7.3 billion (£4.1 billion) in cash, the deal being subject to regulatory approval and endorsement by the shareholders of the two companies. [5] In 2007 National Grid plc announced the completion of the acquisition. [6]
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.
The Brooklyn Union Gas Company was originally established in 1825 as the Brooklyn Gas Light Company, changing its name after a series of mergers in 1895. [7] Rapid growth in the early 1900s prompted the company to establish a new headquarters at 180 Remsen Street. Noted Brooklyn architect Frank Freeman was commissioned to design the new headquarters, which was built in 1914. In 1962, a new 13-story headquarters was built at 195 Montague Street. The headquarters was relocated to One MetroTech Center circa 1990.
At some point it had 3,651 Employees and nearly $1 billion in sales. [7]
Eversource Energy is a publicly traded, Fortune 500 energy company headquartered in Hartford, Connecticut, and Boston, Massachusetts, with several regulated subsidiaries offering retail electricity, natural gas service and water service to approximately 4 million customers in Connecticut, Massachusetts, and New Hampshire.
The Public Service Enterprise Group (PSEG) is a publicly traded diversified energy company headquartered in Newark, New Jersey, US established in 1985 with a legacy dating back to 1903.
BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom. On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory and shareholder agreement. The sale was completed on 15 February 2016. Prior to the takeover, BG Group was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index. In the 2015 Forbes Global 2000, BG Group was ranked as the 583rd largest public company in the world.
Linde plc is a global multinational chemical company founded in Germany and, since 2018, domiciled in Ireland and headquartered in the United Kingdom. Linde is the world's largest industrial gas company by market share and revenue. It serves customers in the healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, material handling equipment (MHE), chemicals, electronics and water treatment industries. The company's primary business is the manufacturing and distribution of atmospheric gases, including oxygen, nitrogen, argon, rare gases, and process gases, including carbon dioxide, helium, hydrogen, ammonia, electronic gases, specialty gases, and acetylene.
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 was the power utility for Long Island from 1911 until 1998.
Long Island Power Authority is a municipal subdivision of the State of New York that owns the electric transmission and electric distribution system serving all of Long Island and a portion of New York City known as the Rockaways. LIPA was originally created under the Long Island Power Act of 1985 to acquire the Long Island Lighting Company (LILCO)'s electric and natural gas infrastructure after the cancellation of the Shoreham Nuclear Power Plant. LIPA acquired LILCO's transmission system in May 1998, while the remainder of LILCO's natural gas-related infrastructure merged with Brooklyn Union Gas to form KeySpan Energy.
Manufacturers Hanover Corporation was the bank holding company formed as parent of Manufacturers Hanover Trust Company, a large New York bank formed by a merger in 1961. After 1969, Manufacturers Hanover Trust became a subsidiary of Manufacturers Hanover Corporation. Charles J. Stewart was the company's first president and chairman.
National Grid plc is a British multinational electricity and gas utility company headquartered in London, England. Its principal activities are in the United Kingdom, where it owns and operates electricity and natural gas transmission networks, and in the Northeastern United States, where as well as operating transmission networks, the company produces and supplies electricity and gas, providing both to customers in New York and Massachusetts.
Ameren Corporation is an American power company created December 31, 1997, by the merger of St. Louis, Missouri's Union Electric Company and the neighboring Central Illinois Public Service Company of Springfield, Illinois. It is now a holding company for several power companies and energy companies. The company is based in St. Louis, serving 2.4 million electric, and 900,000 natural gas customers across 64,000 square miles in central and eastern Missouri and the southern four-fifths of Illinois by area.
Enterprise plc was a support services company originally based in Farington in Lancashire, England. Its core markets were local authorities and utility sectors. It has recently been integrated into Ferrovial's UK company, Amey plc.
Praxair, Inc. was an American worldwide industrial gases company. Founded in 1907, Praxair was the largest industrial gases company in North and South America, and the third-largest worldwide by revenue. In 2018 it merged with Linde AG to form Linde plc. The Praxair name was discontinued on September 1, 2020 in the US.
Eastern Electricity plc was an electricity supply and distribution utility serving Eastern England, including East Anglia and part of Greater London. It was renamed Eastern Group under which name it was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Hanson plc in 1995, before being purchased by Texas Utilities in 1998.
The Northport Power Station, known as “The Stacks” by locals, the largest power generation facility on Long Island. It is a natural gas and conventional oil electric power generating station located on the North Shore of Long Island in Fort Salonga, New York. The facility was built by the Long Island Lighting Company (LILCO) in stages between 1967 and 1977, and since August 2007 it has been owned and operated by National Grid USA. The plant's electric output is distributed by Long Island Power Authority (LIPA).
Ravenswood Generating Station is a 2,480 megawatt power plant in Long Island City in Queens, New York City, New York. It is owned and operated by LS Power/Helix Energy Solutions Group. The plant is fueled primarily by fuel oil and natural gas which heats the boilers.
Niagara Mohawk Power Corporation was a New York State utility company, which was acquired in 2000 by National Grid plc. The Niagara Mohawk Power Corporation designation was retired, using variations of NationalGridUS, though its official designation on annual reports is still Niagara Mohawk Power Corporation.
Glenwood Generating Station is a power station in Glenwood Landing, New York owned by National Grid USA. It is mainly known for being the former site of an architecturally significant 1920s brick power station. That building and an adjacent 1950s station were demolished over the course of 2013 to 2015, due to their obsolescence as well as the excessive cost of safely retaining the building given its poor condition. Four smaller gas turbine peaking generators remain in operation, as does the Y-50 Cable connection across Long Island Sound.
The E. F. Barrett Power Station is a power plant in Nassau County, New York, United States. The main plant is in Barnum Island, with outlying facilities in neighboring Island Park and Oceanside. It is operated by National Grid USA.
Port Jefferson Power Station is a fossil-burning power plant in Port Jefferson, New York on Long Island. It is operated by National Grid USA. Its four main steam turbine units were constructed between 1948 and 1960 by the Long Island Lighting Company (LILCO), with the older two decommissioned in 1994.
Employees: 3,651; Sales: $990 million; Company History: Brooklyn Union Gas supplies natural gas to the New York City boroughs of Brooklyn and Staten Island and to a portion of the borough of Queens