Narragansett Electric now ‘Rhode Island Energy’ with $3.8B sale finalized

Updated at 3:38 p.m.

NATIONAL GRID on Wednesday announced the sale of Narragansett Electric Co. to PPL Rhode Island Holdings LLC, a subsidiary of the Pennsylvania-based PPL Corp. The closing of the $3.8 billion deal also comes with a name change for the longtime Rhode Island power business, which will now be known as Rhode Island Energy. / COURTESY PPL CORP.
PROVIDENCE – Rhode Island’s primary utility business is now under new ownership. National Grid on Wednesday announced the sale of Narragansett Electric Co. to PPL Rhode Island Holdings LLC, a subsidiary of the PPL Corp. The closing of the $3.8 billion deal also comes with a name change for the longtime Rhode Island power business,…

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