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Last Updated: Thursday, October 1, 2026 at 05:24 PM
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KeySpan up for sale, offers top $6.5 billion

Natural gas supplier KeySpan Corp.  is up for sale and attracting offers of more than $6.5 billion, the New York Times reported on Friday, citing people involved in the process.

Natural gas supplier KeySpan Corp. is up for sale and attracting offers of more than $6.5 billion, the New York Times reported on Friday, citing people involved in the process.

Two large utilities, Consolidated Edison Inc. and National Grid, are in the lead for a potential purchase of KeySpan, and their rivalry may spark a bidding war, the Times reported.

KeySpan is the largest natural gas distributor in the U.S. Northeast and fifth-largest countrywide. The company supplies about one quarter of New York City's capacity needs.

A KeySpan spokeswoman was not immediately available for comment.