National Grid Company Description
Gridlock is a good thing for National Grid (formerly National Grid Transco). Accountable to the government, it is the sole owner and operator of the electricity transmission system in England and Wales. It transmits electricity through about 4,500 miles of overhead and underground lines to distribution utilities serving more than 52 million people. National Grid also operates the UK natural gas transmission and distribution system (serving more than 11 million homes and businesses) through its National Grid Gas subsidiary and has international electric and gas utility operations, primarily through National Grid USA. National Grid acquired US-based gas distributor KeySpan for more than $7 billion in 2007.
View the Comprehensive Company Description for National Grid
The Company Description provides a historical perspective of National Grid's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of National Grid's evolution in the marketplace.
