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National Grid in Schoharie works to embody a number of different values when it conducts its business. As an international player in the energy industry, it has the responsibility and power to make a difference. This company offers gas and electricity services in some areas of the state, but just gas service in other areas. See what services it offers in your location.
In Great Britain in 1990, the Central Electricity Generating Board’s duties were transferred to The National Grid Company, which was owned by 12 different regional electricity companies. In 1995, it was listed on the London Stock Exchange. In 2000, the company stretched its reach to America and acquired New England Electric System and Eastern Utilities Associates.
It moved on to New York in January 2002 and acquired Niagara Mohawk Holdings Inc. In October of that same year, the company merged with Lattice Group plc, the owner of gas distributer Transco. The name was changed to National Grid Transco and downsizing followed, with the selling of four of its regional gas distribution networks in 2004. NGT kept its other four networks, which were practically half of England’s gas distribution networks. In 2005, the company changed its name to National Grid Electricity Transmission plc.
Other acquisitions followed; in 2007, it bought KeySpan, an American electricity producer and gas distributor, for $7.3 billion. Also that year, the acquisition of the Southern Union Company subsidiary, New England Gas Company in Rhode Island, took place. These two events doubled the size of the company’s American subsidiary, making it the second largest utility in the United States with more than 8 million customers, according to the company's website.
Today, the company is an international, London-based gas and electricity utility. It serves primarily the United Kingdom and the Northeastern United States, and is one of the largest investor-own utility companies in the word. It’s listed on the London Stock Exchange and is a member of the FTSE 100 Index, a share index of the 100 most highly capitalized United Kingdom companies listed on the LSE.
The company has a secondary listing on the New York Stock Exchange. The American utility transmits electricity over 9,000 miles and serves more than 3.3 million customers with electricity and 3.4 million customers with natural gas. These consumers are located in deregulated area of Massachusetts, New Hampshire, Rhode Island, Vermont and NY. Its green headquarters is located in a 300,000 square foot facility in Waltham, MA.
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