National Grid, UK-based transmission operator, has agreed to acquire Western Power Distribution’s holding company PPL WPD Investments from PPL WPD, for an equity value of $10.8bn (£7.8bn). National Grid announced recently. (Photo quoted from National Grid’s official website)

At the same time, National Grid will sell Narragansett Electric Company (NECO) to US-based PPL for an equity value of $3.8bn (£2.7bn). NECO is based in Rhode Island, US.

(IRuniverse)