National Grid and KeySpan Corp. have filed information in compliance with the Hart-Scott-Rodino (HSR) Antitrust Improvements Act, a requirement of their proposed merger transaction, the companies said on Friday. In addition, National Grid and KeySpan have made voluntary notice to the Committee on Foreign Investment in the United States (CFIUS) that National Grid, a London-headquartered company, is acquiring a U.S. company. In both the HSR and CFIUS filings, the applicable federal authority has 30 days to determine if the filings require further review. On Feb. 27, National Grid and KeySpan announced an agreement for National Grid to acquire KeySpan, which will materially expand the size of National Grid’s US operations and create the third-largest gas delivery utility in the U.S. (see Daily GPI, Feb. 28). In May, National Grid and KeySpan submitted their merger plan to FERC, promising no adverse impacts on the wholesale energy market nor any cross subsidization from regulated to unregulated operations from the $7.3 billion combination (see Daily GPI, May 30).

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