![]() Bishop: The Sour Taste of National Grid Derangement Syndrome.National Grid Adds Crews in Preparation for Winter Storm.House Minority Leader Filippi Criticizes National Grid Over Lack of Preparedness.Raimondo Nominates Former National Grid Attorney Olton to Chair Public Utilities Commission.McKee Announces $7.9 Million Settlement With National Grid for Rate Relief.Settlement Reached on National Grid Sale to PPL UPDATED.UPDATED: $5.3 Billion National Grid Sale to PPL Delayed - Judge Stern Sides With Neronha.State Regulators Approve Sale of National Grid to PPL - Deal Valued at $5.3 Billion.VIDEO: PPL Announces Bonenberger to Serve as President of Narragansett Electric.National Grid RI Sold to PPL in $5.3 Billion Deal That Includes $1.5B in Debt.Focusing on Localized Approach: PPL CEO Sorgi on Acquiring National Grid’s RI Utility Business.Rhode Island customers are encouraged to learn more by visiting /hi. We look forward to delivering for Rhode Island customers as well.” “We’re committed to delivering safe, reliable and affordable energy while advancing a cleaner energy future in all of the communities we serve. “The PPL name may be new here in Rhode Island, but our companies have been providing essential energy services to customers in Pennsylvania and Kentucky for over 100 years,” continued Bonenberger. Bonenberger will appear Wednesday at 12:30 PM on GoLocal LIVE. “No job we do will be more important than delivering for our Rhode Island customers, and we’re pleased to have an experienced team comprised of PPL and former National Grid employees that is committed to providing exceptional service,” said Dave Bonenberger, president of Rhode Island Energy. PPL will be establishing a control center in Rhode Island for the state’s electric and gas operations, as well as a new customer call center. The company will be led by a Rhode Island-based president and a strong local leadership team, with more than 1,100 Rhode Island employees. ![]() Rhode Island Energy says it will "continue to deliver the safe and reliable service that customers expect," and the acquisition includes a two-year transition services agreement with National Grid to provide continuity of operations as Rhode Island Energy transitions to PPL systems and processes. “We are excited to bring to Rhode Island our proven operating model, which emphasizes innovation, customer service and reliability.” “Since announcing the acquisition in March 2021, we have been working closely with key stakeholders and National Grid in an effort to facilitate a smooth transition of services and to strengthen our understanding of the needs of customers in these communities,” continued Sorgi. “We are pleased to welcome the Rhode Island Energy team into the PPL family of companies, and we consider it an absolute privilege to serve the energy needs of Rhode Islanders,” said Vincent Sorgi, PPL president and chief executive officer. The Narragansett Electric Company, Rhode Island’s primary electric and gas utility, will be rebranded as “Rhode Island Energy,” reflecting both the company’s "commitment to Rhode Island and its pursuit of a cleaner energy future in line with the state’s renewable energy and net-zero goals." GET THE LATEST BREAKING NEWS HERE - SIGN UP FOR GOLOCAL FREE DAILY EBLAST The total value of the deal is $5.3 billion. PPL Corporation on Wednesday announced it has completed its acquisition of The Narragansett Electric Company from National Grid for approximately $3.8 billion and approximately $1.5 billion in debt. National Grid will be rebranded RI Energy
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