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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 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. In February 2006, National Grid announced that it had agreed to buy KeySpan Corporation, a gas distributor and electricity producer in the United States, for $7.3bn (£4.1bn) in cash.
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, [2] and since August 2007 it has been owned and operated by National Grid USA .
Description. E. F. Barrett is the second largest power generation facility on Long Island by nameplate capacity behind Northport Power Station, and the third in net energy generated in 2020, behind Northport and Caithness Long Island Energy Center. [1] It is operated by National Grid USA, [2] [3] [4] and the electricity generated at the plant ...
KeySpan merged with National Grid USA in 2007, and National Grid began operating the electric infrastructure portion of LIPA business until 2013. Since January 1, 2014, LIPA has contracted with New Jersey-based Public Service Enterprise Group to operate LIPA's electric infrastructure on LIPA's behalf for a period of 12 years. [2]
In 2004, KeySpan constructed a new unit, Ravenswood 40, using combined cycle technology with generating capacity of 250 megawatts. National Grid plc acquired KeySpan in 2007 [4] but due to its involvement in electrical transmission the New York Public Service Commission required National Grid to sell Ravenswood to ensure competition in the market.
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