Search results
Mar 18, 2021 · The proportion of the Group's assets in electricity will increase from c.60% to c.70%. strengthen National Grid's long-term growth outlook by ensuring a significant scale position in electricity distribution through the acquisition of WPD, the UK's largest electricity distribution business.
Britain’s largest electricity distribution network has been put up for sale by its American owner before a regulatory settlement that is expected to cut its returns. Western Power Distribution operates networks that supply almost eight million customers in the Midlands, south Wales and the southwest.
Jun 15, 2021 · EVs Finance Nuclear. Sale of WPD to National Grid for £7.8bn finalised. PPL Corporation, which owned the business, aims to turn its focus on the US energy market. Dimitris Mavrokefalidis. 06/15...
Mar 22, 2021 · National Grid plc today announces that it has agreed to acquire PPL WPD Investments Limited, the holding company of Western Power Distribution (WPD), the UK’s largest electricity distribution business, from PPL WPD Limited, a subsidiary of PPL Corporation for an equity value of £7.8 billion and National Grid has agreed to sell The ...
We've announced three significant and connected transactions; the proposed acquisition of Western Power Distribution, or WPD, here in the UK, the sale of our Rhode Island business in the US, and the intention to initiate a sale of a majority stake in our UK Gas Transmission business later this year. .
Sep 1, 2021 · The Competition and Market Authority (CMA) has approved National Grid’s £7.8bn deal to buy the UK’s largest electricity distribution business, Bristol-based Western Power Distribution (WPD). The CMA said it had decided not to refer the group’s acquisition of WPD from US energy giant PPL Corporation, announced in March, for an in-depth ...
People also ask
What's happening with Western power distribution?
Will National Grid buy Western power distribution?
Why did National Grid buy WPD?
Will WPD be able to enter electricity distribution at scale?
Mar 18, 2021 · National Grid has sharpened its focus on electricity by buying the UK’s biggest local electricity network company, Western Power Distribution, for an enterprise value of £14.2bn and putting a...
