Friday, April 6, 2007

KeySpan, National Grid Merger One Step Closer

National Grid, a British utility, has agreed to give pay raises to its 3,210 unionized employees across upstate New York in return for union support of the company's contested merger with Brooklyn-based KeySpan Corp., reports the AP via Newsday.

As recently as two months ago, union officials had criticized the KeySpan deal in testimony to state regulators, according to this report.

See here for previous posts about the KeySpan/ National Grid merger.

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