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KeySpan Corp not Keystone Cops

24 February 2006

While Europe s biggest utilities seem hellbent on a valuedestroying bun fight, National Grid is steadily going about its work in the US. Its mooted $11bn offer for KeySpan makes strategic sense and could create value too. Not all utility firms are mad Empire builders. But the UK group isn’t making a continental landgrab. It’s mooted $11bn bid for KeySpan would build on what it already has in the US. The deal would make strategic sense and could create value too. But the UK group isn’t making a Continental landgrab. It’s mooted $11bn bid for KeySpan would build on what it already has in the US.

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