# KeySpan

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{{Infobox company
| name = KeySpan Corporation
| logo = Keyspan.png
| type = [Public](/source/Public_company)
| traded_as = {{NYSE was|KSE}}
| fate = Purchased by NationalGrid
| successor = [National Grid USA](/source/National_Grid_plc)
| founded ={{start date and years ago|1998}}
| location = One [MetroTech Center](/source/MetroTech_Center), [Brooklyn](/source/Brooklyn), [New York](/source/New_York_(state)), [United States of America](/source/United_States)
| industry = 
| key_people = 
| products = [Natural gas](/source/Natural_gas) utility on [Long Island](/source/Long_Island) and in [Brooklyn](/source/Kings_County%2C_New_York) and [Queens](/source/Queens_County%2C_New_York) Counties; parts of Massachusetts and New Hampshire.
| defunct = 2007
| parent = [National Grid USA](/source/National_Grid_plc)
}}
thumb|Brooklyn headquarters
'''KeySpan Corporation''' was the fifth largest distributor of [natural gas](/source/natural_gas) in the [United States](/source/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](/source/Long_Island_Lighting_Company) (LILCO), and briefly operated under the name MarketSpan following the merger.<ref>{{Cite web| title = IT'S UNION FOR LILCO UTILITIES' POWER TIE ON| work = NY Daily News| date = 30 December 1996| accessdate = 2015-05-17| url = http://www.nydailynews.com/archives/news/union-lilco-utilities-power-tie-article-1.733614}}</ref> 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](/source/Massachusetts); and EnergyNorth Natural Gas in [New Hampshire](/source/New_Hampshire).<ref>{{Cite web |url=http://www.energysolutionscenter.org/about/mem_keyspan.asp |title=Energy Solutions Center<!-- Bot generated title --> |access-date=2008-03-27 |archive-url=https://web.archive.org/web/20080516190954/http://www.energysolutionscenter.org/about/mem_keyspan.asp |archive-date=2008-05-16 |url-status=dead }}</ref><ref>{{Cite news| issn = 0099-9660| last = Journal| first = Allanna Sullivan Staff Reporter of The Wall Street| title = KeySpan Signs a Pact to Acquire Eastern Enterprises for $1.7 Billion| work = Wall Street Journal| accessdate = 2015-05-17| date = 1999-11-05| url = https://www.wsj.com/articles/SB941734317670106579}}</ref> It also was the operator of the [Long Island Power Authority](/source/Long_Island_Power_Authority)'s electrical grid, which had previously been part of LILCO before LIPA took it over in 1998. KeySpan had its headquarters in [Brooklyn](/source/Brooklyn), New York, USA and employed 9,700 people.<ref>
{{cite book
  | last =
  | first =
  | authorlink =
  | title = Standard and Poor's 500 Guide
  | publisher = The McGraw-Hill Companies, Inc.
  | date = 2007
  | location =
  | pages = 
  | url =https://archive.org/details/standardpoors50000stan_1
  | url-access =registration
  | doi =
  | isbn = 978-0-07-147906-6 }}</ref>

In February 2006, [National Grid USA](/source/National_Grid_USA), a wholly owned subsidiary of [National Grid plc](/source/National_Grid_plc) of the [United Kingdom](/source/United_Kingdom), announced that it had agreed to buy KeySpan for $7.3 billion (£4.1 billion) in cash, the deal being subject to regulatory approval and endorsement by the shareholders of the two companies.<ref>[https://news.bbc.co.uk/2/hi/business/4754350.stm BBC] National Grid buys US gas company</ref> In 2007 National Grid plc announced the completion of the acquisition.<ref>[http://www.nationalgridus.com/aboutus/a3-1_news2.asp?document=1771 National Grid - Keyspan Merger Provides New Savings And Expanded Resources To New Hampshire Customers]</ref>

KeySpan received a 100% rating on the '''Corporate Equality Index''' released by the [Human Rights Campaign](/source/Human_Rights_Campaign) starting in 2004, the third year of the report.

==Brooklyn Union Gas==
The '''Brooklyn Union Gas Company''' was originally established in 1825 as the ''Brooklyn Gas Light Company'', changing its name after a series of mergers in 1895.<ref name=Hist.18/> Rapid growth in the early 1900s prompted the company to establish a [new headquarters](/source/Brooklyn_Union_Gas_Company_Headquarters) at 180 Remsen Street. Noted Brooklyn architect [Frank Freeman](/source/Frank_Freeman_(architect)) was commissioned to design the new headquarters, which was built in 1914.  In 1962, a new 13-story headquarters was built at 195 Montague Street. The headquarters was relocated to One MetroTech Center circa 1990. 
[[File:Brooklyn Union Gas Company Headquarters entrance.jpg|thumb|right|220px|The entrance to the [Brooklyn Union Gas Company Headquarters](/source/Brooklyn_Union_Gas_Company_Headquarters) building in 2013<ref>{{cite web |author=Linda Collins |date=February 2, 2009 |title=Former Brooklyn Union Gas Bldg. Considered for Landmarking |url=http://www.brooklyneagle.com/categories/category.php?category_id=5&id=26593 |website=BrooklynDailyEagle.com}}</ref>]]

At some point it had 3,651 Employees and nearly $1 billion in sales.<ref name=Hist.18>{{cite web
|quote='''Employees:''' 3,651; '''Sales:''' $990 million; '''Company History:''' Brooklyn Union Gas supplies natural gas to the New York City boroughs of Brooklyn and Staten Island and to a portion of the borough of Queens |title=Brooklyn Union Gas
|url=http://www.company-histories.com/BROOKLYN-UNION-GAS-Company-History.html}}</ref>

==See also==
*[KeySpan Park](/source/KeySpan_Park)

==References==
{{Reflist}}

== External links ==
* [https://web.archive.org/web/20130524160216/http://www2.nationalgridus.com/corpinfo/index_all.jsp KeySpan Changes Name to National Grid]
* [https://archive.today/20130128154603/http://www.metrowestdailynews.com/archive/x1376441802 National Grid completes $7.3 billion merger with KeySpan]

{{Long Island power}}

Category:Energy infrastructure on Long Island, New York
Category:Energy in New England
Category:Companies established in 1998
Category:Companies based in New York City
Category:Electric power companies of the United States
Category:Natural gas companies of the United States
Category:Companies formerly listed on the New York Stock Exchange
Category:2007 mergers and acquisitions

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Adapted from the Wikipedia article [KeySpan](https://en.wikipedia.org/wiki/KeySpan) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/KeySpan?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.