California will buy transmission assets of power company

Article Abstract:

San Diego Gas and Electric Co. will sell its transmission operations to the state of California. The assets will be sold to the state for approximately $1 billion (1.16 billion euros).

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National Grid agrees to acquire KeySpan in a $7.3 billion deal

Article Abstract:

National Grid Group PLC of the United Kingdom is to acquire KeySpan Corp. of the United States for $7.3 billion or $42 per share. The electricity utility created would be the third largest energy company in the United States. National Grid Group PLC will assume the United States companies' $4.2 billion in debt.

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$100 billion power deal moves closer in Europe

Article Abstract:

French utility Electricite de France S.A. and Spanish construction company Actividades de Construccion y Servicios S.A. hold negotiations to present simultaneous bids on Spanish utilities Iberdrola S.A. and Union Fenosa with a combined approximate value of $134 billion. Article discusses possible shareholder and government opposition to the mergers, and the future of the European utilities market if negotiations are successful.

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