UK’s National Grid moving away from gas to concentrate on electricity
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Combustion Industry News Editor
A ‘flurry’ of deals will see the UK’s National Grid take a significant step towards exiting the gas business, according to a report in the Evening Standard. It is to sell its power operation in the US state of Rhode Island to US utility PPL, while buying from it the UK’s largest electricity distributor, Western Power Distribution, in doing so shifting the portion of its assets from 60% to 70% electricity based. CEO John Pettigrew told reporters that the transactions “enhance our role in the progress towards net zero underpinning our core ambition which is to enable the energy transition for all.” The move comes after a 2017 sale by National Grid of its gas distribution business; remaining UK gas assets will be put up for sale later this year.