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National Grid Plc
National Grid plc is a British multinational electricity and gas utility company headquartered in London, England. Its principal activities are in the United Kingdom, where it owns and operates electricity and natural gas transmission networks, and in the Northeastern United States, where as well as operating transmission networks, the company produces and supplies electricity and gas, providing both to customers in New York and Massachusetts. National Grid plc is one of the largest investor-owned utility companies in the world; it has a primary listing on the London Stock Exchange where it is a constituent of the FTSE 100 Index, and a secondary listing in the form of its American depositary receipts on the New York Stock Exchange. History Background (CEGB before 1990) Before 1990, both the generation and transmission activities in England and Wales were under the responsibility of the Central Electricity Generating Board (CEGB). The present electricity market in the Unite ...
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Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called Public company, ''publicly traded companies''. Public limited companies will also have a separate legal identity. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public l ...
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National Power
National power is defined as the sum of all resources available to a nation in the pursuit of national objectives. Assessing the national power of political entities was already a matter of relevance during the classical antiquity, the middle ages and the renaissance and today. Elements of national power National power stems from various ''elements'', also called ''instruments'' or ''attributes''; these may be put into two groups based on their applicability and origin - "natural" and "social". * Natural: ** Geography ** Resources ** Population * Social: **Economic **Political **Military ** Psychological ** Informational Geography Important facets of geography such as location (geography), climate, topography, and size play major roles in the ability of a nation to gain national power. Location has an important bearing on foreign policy of a nation. The relation between foreign policy and geographic location gave rise to the discipline of geopolitics. The presence of a water obsta ...
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KeySpan
KeySpan Corporation was the fifth largest distributor of natural gas in the United States. KeySpan was formed in 1998 as a result of the merger of Brooklyn Union Gas Company (founded 1895 by merging several smaller companies) and Long Island Lighting Company (LILCO), and briefly operated under the name MarketSpan following the merger. On November 8, 2000, KeySpan acquired Eastern Enterprises, Eastern's natural gas distribution subsidiaries including Boston Gas Company, Colonial Gas Company and Essex Gas Company; Eastern's unregulated businesses including ServicEdge Partners, the largest unregulated provider of residential HVAC equipment installation and services in Massachusetts; and EnergyNorth Natural Gas in New Hampshire. It also was the operator of the Long Island Power Authority's electrical grid, which had previously been part of LILCO before LIPA took it over in 1998. KeySpan had its headquarters in Brooklyn, New York, USA and employed 9,700 people. In February 2006, Nation ...
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BBC News
BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broadcast news organisation and generates about 120 hours of radio and television output each day, as well as online news coverage. The service maintains 50 foreign news bureaus with more than 250 correspondents around the world. Deborah Turness has been the CEO of news and current affairs since September 2022. In 2019, it was reported in an Ofcom report that the BBC spent £136m on news during the period April 2018 to March 2019. BBC News' domestic, global and online news divisions are housed within the largest live newsroom in Europe, in Broadcasting House in central London. Parliamentary coverage is produced and broadcast from studios in London. Through BBC English Regions, the BBC also has regional centres across England and national news c ...
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Transco Plc V HM Advocate
The case of Transco Plc v HMA (No. 1) '' 004S.L.T. 41'' was the first ever prosecution for culpable homicide in Scotland with regards to a public limited company.Chalmers, J. (2004) ‘Corporate Culpable Homicide: Transco plc v H M Advocate’, The Edinburgh law review, 8(2) The decision is seen as significant in UK corporate manslaughter law and in particular in Scots law, as there are very few cases which address the criminal liability of corporations under Scots law. In the case, a public gas transporter was charged with breaking the Health and Safety at Work etc. Act 1974 s.3 and s.33(1) in respect to a gas explosion, which resulted in the death of four people on 22 December 1999 in Larkhall Larkhall ( sco, Larkhauch, gd, Taigh na h-Uiseig) is a town in South Lanarkshire, Scotland, around southeast of Glasgow. It is twinned with Seclin in northern France. Larkhall sits on high ground between the River Clyde to the East and the ....Shiels, R. (2004) ‘Common Law Crim ...
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Hutchison Whampoa
Hutchison Whampoa Limited (HWL) was an investment holding company based in Hong Kong. It was a Fortune Global 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. HWL was an international corporation with a diverse array of holdings which included the world's biggest port, and telecommunication operations in 14 countries that were run under the 3 brand. Its businesses also included retail, property development and infrastructure. It was 49.97% owned by the Cheung Kong Group until 3 June 2015, when the company merged with the Cheung Kong Group as part of a major reorganisation of the group's businesses. The combined business was renamed CK Hutchison Holdings Limited. History Hutchison Whampoa originated as two separate companies, both founded in the 19th century. and ''Hutchison International'' was formed in 1877. In the 1960s, Hutchison International – under Colonel Sir Douglas Clague (1917–1981) – gained a controlling interest of Hon ...
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BG Group
BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom. On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory and shareholder agreement. The sale was completed on 15 February 2016. Prior to the takeover, BG Group was listed on the London Stock ExchangeBG.L and was a constituent of the FTSE 100 Index. In the 2015 Forbes Global 2000, BG Group was ranked as the 583rd largest public company in the world. Prior to its acquisition by Shell, BG Group had operations in 25 countries across six continents and produced around 680,000 barrels of oil equivalent per day. It had a major liquefied natural gas (LNG) business and was the largest supplier of LNG to the United States. As at 31 December 2009, it had total proven commercial reserves of of oil equivalent. History Origins The company was created in 1997 when British Gas plc divested Centrica and became B ...
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Lattice Group
Lattice Group plc was a leading British gas transmission business. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index. History The Company was established in 2000 when BG Group demerged its UK gas transmission business, formerly known as ''Transco'', and named it ''Lattice Group''.Grid and Lattice form utility supergroup
The Telegraph, 22 April 2002
In October 2002 Lattice Group merged with to form ''National Grid Transco''. In July 2005 National Grid Transco was renamed National Grid plc to provide 'a unifying identity across its operations'. ...
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Niagara Mohawk Power Corporation
Niagara Mohawk Power Corporation was a New York State utility company, which was acquired in 2000 by National Grid plc. The Niagara Mohawk Power Corporation designation was retired, using variations of NationalGridUS (such as National Grid Buffalo), though its official designation on annual reports is still Niagara Mohawk Power Corporation. In 1929, 59 former companies were incorporated into the Niagara Hudson Power Corporation. In 1932 an Art Deco-style headquarters building was constructed in Syracuse. It was the main electric and natural gas provider for a large swath of northeastern, central and western New York, including the Capital District, Syracuse, Buffalo and Niagara Falls. The statue on the front of the building is named “Spirit of Light” and was nicknamed “Iron Mike.” The company adopted the name Niagara Mohawk Power Corporation in 1950 after antitrust action required Niagara Hudson to forfeit some of their territory in the eastern part of the state. From ...
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National Grid Group
National Grid plc is a British multinational electricity and gas utility company headquartered in London, England. Its principal activities are in the United Kingdom, where it owns and operates electricity and natural gas transmission networks, and in the Northeastern United States, where as well as operating transmission networks, the company produces and supplies electricity and gas, providing both to customers in New York and Massachusetts. National Grid plc is one of the largest investor-owned utility companies in the world; it has a primary listing on the London Stock Exchange where it is a constituent of the FTSE 100 Index, and a secondary listing in the form of its American depositary receipts on the New York Stock Exchange. History Background (CEGB before 1990) Before 1990, both the generation and transmission activities in England and Wales were under the responsibility of the Central Electricity Generating Board (CEGB). The present electricity market in the United ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ...
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Public Electricity Supplier
Public electricity suppliers (PES) were the fourteen electricity companies created in Great Britain when the electricity market in the United Kingdom was privatised following the Electricity Act 1989. The Utilities Act 2000 subsequently split these companies between distribution network operators and separate supply companies. In England and Wales the Central Electricity Generating Board had been responsible for the generation and transmission of electricity, with the twelve area electricity boards (AEBs) formed under the Electricity Act 1947 responsible for the distribution and supply of electricity to consumers. In Scotland the structure was different, with all aspects of generation, transmission, distribution and supply being carried out by two vertically integrated companies. History England and Wales On 31 March 1990 the AEBs were changed into independent regional electricity companies (RECs) and the CEGB was split into four, three generation companies and the National G ...
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