| KeySpan Corporation | |
|---|---|
| Slogan | "Climate is everything. "[1] |
| Fate | Purchased by NationalGrid |
| Successor | National Grid USA |
| Founded | 1998 |
| Defunct | 2007 |
| Location | New York City, New York, United States of America |
| Industry | Public (NYSE: KSE) [2] |
| Products | Natural gas utility in Long Island, Brooklyn and Queens Counties; parts of Massachusetts and New Hampshire. The City of New York New York ( is a state in the Mid-Atlantic and Northeastern regions of the United States and is the nation's third most populous The United States of America —commonly referred to as the A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. Natural gas is a Gaseous Fossil fuel consisting primarily of Methane but including significant quantities of Ethane, Propane, Long Island is an island located in southeastern New York, USA, its western shores directly across from Manhattan, from which the island stretches Brooklyn (named after the Dutch town Breukelen) is one of the five boroughs of New York City. |
| Parent | National Grid USA |
KeySpan Corporation was the fifth largest distributor of natural gas in the United States. Natural gas is a Gaseous Fossil fuel consisting primarily of Methane but including significant quantities of Ethane, Propane, The United States of America —commonly referred to as the KeySpan was formed in 1998 as result of the merger of Brooklyn Union Gas Company (founded 1895 by merging several smaller companies) and Long Island Lighting Company (LILCO). The Long Island Lighting Company, or LILCo "lil-co", was an electrical power company and Natural gas utility for the communities of Long Island 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. The Commonwealth of Massachusetts ( is a state located in the New England region of the northeastern United States. New Hampshire ( is a state in the New England region of the northeastern United States of America. [1] KeySpan had its headquarters in Brooklyn, New York, USA and employs 9,700 people. Brooklyn (named after the Dutch town Breukelen) is one of the five boroughs of New York City. [2]
In February of 2006, National Grid USA, a wholly owned subsidy of National Grid plc of the United Kingdom, announced that it had agreed to buy KeySpan for $7. National Grid plc ( is an international London -based utilities company which also operates in other countries principally its wholly owned subsidiary in the United States The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located 3bn (£4. 1bn) in cash, the deal being subject to regulatory approval and endorsement by the shareholders of the two companies. [3] In 2007 the National Grid plc announced the acquisition of KeySpan Corporation. [3]
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.