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U.K. to Buy National Grid Unit to Create New Energy Authority

  • Government to acquire company’s electricity system operator
  • New authority will be key to emissions cuts, energy security
Wind turbines at the Little Cheyne Court Wind Farm, U.K.
Wind turbines at the Little Cheyne Court Wind Farm, U.K.Photographer: Chris Ratcliffe/Bloomberg
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The U.K. will purchase a key part of National Grid Plc’s business as it creates as a new authority oversee the nation’s energy system.