PPL corporation requests approval to acquire Narragansett Electric Company

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PPL Corporation and National Grid USA have filed a petition seeking approval from the Rhode Island Division of Public Utilities and Carriers for PPL to acquire The Narragansett Electric Company from National Grid USA. The request follows  PPL’s announcement in March 2021 that it had entered into a definitive agreement to sell its U.K. utility business to National Grid for GBP 7.8 billion (US$ 10.84 billion) and, in a separate transaction, acquire Narragansett Electric from National Grid USA for US$ 3.8 billion.

PPL has already established a Rhode Island transition team and is coordinating closely with National Grid on transition planning.

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