![]() ![]() ![]() “Since announcing the acquisition in March 2021, we have been working closely with key stakeholders and National Grid in an effort to facilitate a smooth transition of services and to strengthen our understanding of the needs of customers in these communities,” continued Sorgi. “We are pleased to welcome the Rhode Island Energy team into the PPL family of companies, and we consider it an absolute privilege to serve the energy needs of Rhode Islanders,” said Vincent Sorgi, PPL president and chief executive officer. #National grid ri freeThe Narragansett Electric Company, Rhode Island’s primary electric and gas utility, will be rebranded as “Rhode Island Energy,” reflecting both the company’s "commitment to Rhode Island and its pursuit of a cleaner energy future in line with the state’s renewable energy and net-zero goals." GET THE LATEST BREAKING NEWS HERE - SIGN UP FOR GOLOCAL FREE DAILY EBLAST The total value of the deal is $5.3 billion. PPL Corporation on Wednesday announced it has completed its acquisition of The Narragansett Electric Company from National Grid for approximately $3.8 billion and approximately $1.5 billion in debt. National Grid will be rebranded RI Energy ![]()
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