National Grid to sell Narragansett Electric to PPL for $3.8B

National Grid plc agreed to sell The Narragansett Electric Company to PPL Corporation for an equity value of US$3.8 billion, as part of a transaction where National Grid also acquires Western Power Distribution from PPL.

“National Grid has agreed to PPL acquiring The Narragansett Electric Company, National Grid’s electric and gas business serving customers in Rhode Island, for an equity value of US$3.8 billion (£2.7 billion).”nasdaq.com

• 1 source
• nasdaq.comThe Narragansett Electric Company to join PPL Corporation | NasdaqMar 18, 2021

Summarized from public sources; check the original articles before acting on it.