PPL corporation requests approval to acquire Narragansett Electric Company
PPL Corporation and National Grid USA have filed a petition seeking approval from the Rhode Island Division of Public Utilities and Carriers for PPL to acquire The Narragansett Electric Company from National Grid USA. The request follows PPL’s announcement in March 2021 that it had entered into a definitive agreement to sell its U.K. utility business to National Grid for GBP 7.8 billion (US$ 10.84 billion) and, in a separate transaction, acquire Narragansett Electric from National Grid USA for US$ 3.8 billion.
PPL has already established a Rhode Island transition team and is coordinating closely with National Grid on transition planning.
Country updates
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May 10, 2021
Construction starts for USD90 million Platform 3750 project
The Cornerstone Group has started the construction works for the project Platform 3750 in Coconut Grove, Miami. The project includes a multi-purpose complex, consisting of 191 housing units, from whic...
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May 10, 2021
Clackamas County receives approval for courthouse PPP project
Policy Session the Board of County Commissioners (BCC) has approved the use of a Public-Private Partnership (P3) approach for the development of the Courthouse Replacement PPP project in Oregon city....
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May 07, 2021
RFI launched for fiber-optic PPP project in Colorado
The city of Centennial has issued a request for information (RFI) to invite for-profits, nonprofits, and other organizations interested in forming partnerships on the city’s fiber-optic initiati...
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May 05, 2021
Texas seeks advisors for Austin's project Connect
Capital Metropolitan Transportation Authority of Austin, Texas is seeking multiple advisors to provide services for its megaplan Project Connect. The plan entails the development of a new ra...
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May 04, 2021
Hawaii passes bill to shift control of Aloha Stadium
Hawaii lawmakers have passed a bill that gives the Stadium Authority the right to hold title to a site of 90 acres surrounding the stadium and lead development on those lands in the coming years....
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