Deals

National Grid Makes $11 Billion Deal in Move to Green Future

Operator to acquire Western Power Distribution from PPL
PPL focusing on U.S. operations, picks up Narragansett Power

Uskmouth Power Station Re-opening Ceremony And Interview With Power Plant Chief Executive Officer James Busche — Photographer: Chris Ratcliffe/Bloomberg

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By Rachel Morison and Will Wade

March 18, 2021 at 7:15 AM UTC

Updated on

March 18, 2021 at 2:50 PM UTC

This article is for subscribers only.

National Grid Plc agreed to buy PPL Corp.’s U.K. electricity distribution business for 7.8 billion pounds ($10.9 billion), a move that will transform the company as it prepares for a low-carbon future.

The biggest U.K. utilities transaction in a decade highlights how crucial grids have become as nations figure out how to navigate the shift to electricity from fossil fuels.