Stock Symbol: KSE
175 East Old Country Road
KeySpan Corporation Industry:
Natural Gas Utilities
KeySpan Corporation Description:
A member of the S & P 500, KeySpan is the largest distributor of natural gas in the Northeast, with 2.5 million gas customers and more than 12,000 employees. KeySpan is also the largest investor-owned electric generator in New York State and operates Long Island's electric system serving 1.1 million customers. With headquarters in Brooklyn, Boston and Long Island, KeySpan also manages a dynamic portfolio of service companies. They include: KeySpan Energy Delivery, the group of regulated natural gas utilities; KeySpan Home Energy Services, an energy product, repair and service company for residential and small commercial customers; and KeySpan Business Solutions, a full-service energy product, repair and services company for business customers. KeySpan also has strategic investments in natural-gas exploration, production, pipeline transportation, distribution and storage, Canadian gas-processing and fiber-optic cable
KeySpan Corporation Financial Summary:
KSE distributes natural gas, owns investments in gas exploration & production operations, provides gas marketing and energy services, generates electricity, and provides distribution services. For the 6 months ended 6/30/05, revenues rose 1% to $3.82B. Net income applic. to Common from cont. ops. fell 33% to $252.4M. Results reflect higher electric services revenues, offset by a $20.9M debt redemption charge.
KeySpan Corporation Business Summary:
KeySpan Corporation (KeySpan) operates in the gas distribution, electric services, energy services and energy investments segments. The Company conducts substantially all of its operations through subsidiaries. The Gas Distribution segment consists of six regulated gas distribution subsidiaries, which operate in New York, Massachusetts and New Hampshire and serve approximately 2.6 million customers. The Electric Services segment consists of subsidiaries that manage the electric transmission and distribution (T&D) system owned by the Long Island Power Authority (LIPA). The Energy Services segment provides energy-related and fiber optic services to customers. The Energy Investments segment includes gas exploration and production activities, domestic pipelines and gas storage facilities, natural gas pipeline activities in the United Kingdom.