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2002
- 2002: Niagara Mohawk Holdings Inc. is acquired; National Grid Group plc merges with Lattice Group plc to form National Grid Transco plc.
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May 23, 2002 · Lattice and National Grid to merge. The UK power grid company National Grid Group and the gas transmission company Lattice are merging to create National Grid Transco, to be owned 57.3 per cent by National Grid shareholders and 42.7 per cent by Lattice shareholders. The £14.8 billion deal will create the UK’s largest energy utility.
During 2002, its parent merged with Lattice Group plc to form National Grid Transco plc. As a subsidiary of what was now the largest energy utility in the United Kingdom, National Grid USA stood well positioned for future growth.
Apr 22, 2002 · National Grid Transco will start life with a market value of £14.8 billion, cash flow of £3.5 billion and debts of £14 billion. It will aim to get a single A credit rating. Sir John Parker, chairman of Lattice will become chairman of the new group. Steve Lucas, Lattice’s finance director will become group finance director.
Apr 23, 2002 · Lattice Group was spun off from BG Group, formerly British Gas, in 2000. National Grid was jointly owned by regional power companies on privatisation in 1990 and later spun off as a...
- The Herald Staff
In October 2002 NGC’s then ultimate parent, National Grid Group plc, merged with Lattice Group plc to form National Grid Transco plc (‘the merger’). Immediately following the merger, the Group combined the management of NGC’s UK electricity and Transco’s gas transmission operations. 2003/04 has seen the continuation of the process integration.
Apr 23, 2002 · So eyebrows rose when the company confirmed today that it had agreed to acquire the Lattice Group, a former unit of British Gas that owns pipelines that crisscross Britain, for about $9 billion...
Sep 20, 2002 · Publication date. 20 September 2002. In April 2002, National Grid Group plc and Lattice Group plc (Lattice) announced their intention to merge to create National Grid Transco plc (NGT).
