Another Uttility Merger : LUSENET : TimeBomb 2000 (Y2000) : One Thread

Sunday December 13, 8:17 pm Eastern Time (Note: this article is ``in progress''; there will likely be an update soon.)

National Grid to buy New England for $3.2 bln

BOSTON, Dec. 13 (Reuters) - U.S. utility company New England Electric said British electricity distributor National Grid Group will on Monday announce plans to buy it for $3.2 billion in cash.Under the terms of the deal, National Grid will assume $1.0 billion in New England Electric debt, a company spokeswoman said on Sunday.

(Note: this article is ``in progress''; there will likely be an update soon.)

If all these companies keep merging, how can they expect to be compliant? Or is that the idea. This way they can avoid the problem.

-- Mike Lang (, December 13, 1998


Both the answer to your question and the root cause of the utility mergers is deregulation of the power industry. Great idea if you aren't stealing resources from Y2K work to pull it off.

But of course the US had to come up with some waste of effort to keep up with the EC and the Euro. We couldn't spend our time fixing things while they were wasting theirs. So merge in time to fail it is!

Check six! WW

-- wildweasel (, December 13, 1998.

Alternative energy looks better and better. Daily.


-- Diane J. Squire (, December 13, 1998.

Did you also know that one of the companies who will be purchasing what's left of Westinghouse is British Nuclear Fuel Ltd.?

Lately it seems like a lot of British companies are buying up energy producers here in the U.S.

-- Max Dixon (Ogden, Utah USA) (, December 14, 1998.

Diane: What's the alternative energy that looks better and better? Looks like we have limited choices as it is. What kind of energy are you speaking about?

-- bardou (, December 15, 1998.

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