Keyspan Corp

KeySpan Corporation was formed in May 1998 as a result of the merger of KeySpan Energy Corporation, the parent company of Brooklyn Union Gas, and certain businesses of the Long Island Lighting Company. On November 8, 2000, KeySpan acquired Eastern Enterprises, a Massachusetts business trust, and the parent of several gas utilities operating in Massachusetts and New Hampshire.

Keyspan Corp is a publicly traded company having a good stock performance result. Keyspan Corp is a fortune 500 stock listed company trading under KSE.

KeySpan provides a broad variety of energy-related services in several states in the Northeast. Services and offers can vary by state. KeySpan provides a broad range of engineering and design, energy-related, and telecommunications services for large-scale applications, as well as heating and air conditioning system services for local businesses.

A member of the Standard & Poor's 500 Index, KeySpan Corporation is the largest distributor of natural gas in the Northeast with 2.6 million customers and more than 13,000 employees. KeySpan is also the largest investor owned electric generator in New YorkState.

With headquarters in Brooklyn, Boston and Long Island, KeySpan also manages a dynamic portfolio of service companies and strategic investments in natural gas exploration, production, distribution, pipeline transportation, storage and Canadian gas processing. KeySpan pays an annual dividend of 1.82 dollars per share.

KeySpan has a solid Gas Distribution business, with approximately 2.6 million gas customers in New York City, Long Island and New England. Their gas utilities are the income drivers of the company and they intend to capitalize on the tremendous growth potential of these markets.

KeySpan provides Electric Service to 1.1 million Long Island Power Authority customers. They own and operate approximately 6,650 Megawatts of generating capacity which serve the capacity tight New York City and Long Island markets. KeySpan's new 250 MW plant at Ravenswood went into commercial operation during the second quarter of 2004.

Their Energy Investments sector includes investments in natural gas pipelines, storage and LNG. These investments utilize their gas and electric core competencies. They also have minority investments in exploration and production as well as gas processing operations. They are financially solid with a plus 6 billion dollars market cap.

KeySpan is comprised of regulated natural gas and electric utilities and unregulated subsidiary companies. KeySpan supports engineers, architects, construction managers, energy services companies, developers, and gas marketers/suppliers with useful information or programs designed to meet up their business needs.