# 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.

- Type: Acquisition
- Announced: 2021-03-18
- Where: Rhode Island, United States
- Value: $3.80B
- Status: announced
- Products: electricity transmission and distribution, natural gas distribution
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [National Grid](https://endata.com/companies/389.md) (target)
- [PPL Corporation](https://endata.com/companies/53897.md) (acquirer)
- [The Narragansett Electric Company](https://endata.com/companies/53898.md) (target)

## Sources

- [nasdaq.com](https://www.nasdaq.com/press-release/the-narragansett-electric-company-to-join-ppl-corporation-2021-03-18), 2021-03-18: "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)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.