Proposed acquisition of Western Power Distribution and strategic portfolio repositioning
18 March 2021
National Grid plc today announces that it has agreed to acquire PPL WPD Investments Limited (together with its subsidiary undertakings), the holding company of Western Power Distribution, the UK's largest electricity distribution business, from PPL WPD Limited, a subsidiary of PPL Corporation for an equity value of £7.8 billion and National Grid has agreed to sell The Narragansett Electric Company to PPL Energy Holdings, LLC, also a subsidiary of PPL, for an equity value of US$3.8 billion (£2.7 billion).