KeySpan and National Grid tackle the bottom line

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Brooklyn, NY, USA — (METERING.COM) — July 21, 2006 – Natural gas distributor KeySpan Corporation and international energy delivery company National Grid have today outlined a plan to improve customer service by operating more efficiently through a merger combining and expanding their existing operations.

The 10-year proposed plan, outlined before the New York State Public Services Commission, sees a total cost saving of USD$500 million saving in multiple operations for both units’ customers, including a US$131 million savings to Long Island energy gas customers, a US$173 million saving to KeySpan customers in New York, and a US$218 million saving to National Grid customers in upstate New York.

Commenting on the plan, National Grid USA chief executive officer Michael E. Jesanis said: “Our plan will allow us to better meet customers’ needs, operate more efficiently and provide safe and reliable service through investment in energy infrastructure.”