National Grid PL (NGG)

National Grid plc engages in the transmission and distribution of electricity and gas in the United Kingdom and the United States. The company owns and operates high-voltage electricity transmission system in England and Wales, as well as operates high pressure gas transmission system in Britain and has electricity transmission systems in the northeastern United States. It offers its services to generators, distributors, suppliers, interconnector users, and directly-connected customers in the United Kingdom, as well as to other industrial, commercial, and domestic consumers. The company's gas transmission network comprised approximately 4,300 miles of high pressure transmission pipelines, as well as operated approximately 82,000 miles of distribution pipelines in the United Kingdom. It also operated approximately 71,000 circuit miles of electric distribution lines in New England and New York and approximately 11,800 miles of gas distribution pipelines in New York and Rhode Island. In addition, the company provides infrastructure and related services, which include metering and meter reading services, grain LNG, interconnector services, property holding and management services, engineering consultancy and software solutions, and network mapping services. National Grid plc, formerly known as National Grid Transco plc, was founded in 1990 and is based in London, the United Kingdom.

At the end of August 2007, the company successfully completed the acquisition of KeySpan, a major US utility, focused primarily on gas distribution and electricity transmission and distribution. It owns and operates six regulated utilities that distribute natural gas to approximately 2.6 million customers: approximately 1.7 million in New York City and Long Island and approximately 0.9 million in Massachusetts and New Hampshire. It is the fifth largest gas distribution company in the US and the largest in the Northeastern US. Over 90 per cent of its customer base comprises residential and small commercial customers.

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