April 5, 2006
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A INFORMATION
(Rule 14a-101)
Proxy Statement Pursuant to Section 14(a) of
the Securities and Exchange Act of 1934 (Amendment No. )
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Rule 14a-6(e)(2))
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[X] Soliciting Material Pursuant to Section 240.14a-12
KeySpan Corporation
-------------------
(Name of Registrant as Specified in Its Charter)
(N/A)
-----
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The following communication is being distributed to all National Grid and
KeySpan employees through internal email system and will be posted on National
Grid and KeySpan websites:
Integration update National Grid KeySpan
Volume I Issue III April 2006
April 5, 2006
National Grid - KeySpan Integration Team Announced
The following is a message from Kwong Nuey and John Caroselli, National Grid -
KeySpan Integration leads:
We are pleased to announce the functional integration team leads who will
spearhead our efforts going forward. They are:
Functional Team National Grid KeySpan
--------------- ------------- -------
o Human Resources Bill Dowd Bill Bollbach
o Gas Operations Jim Howe Bill Akley
o Generation & Energy Supply Lee Klosowski Rich Rapp
o Shared Services Mike Kyle Coleen Ceriello
o Electric T&D Operations Clem Nadeau TBD(1)
o Customer Service & Marketing Tony Pini Rick Murphy
o Finance & Accounting Marcy Reed Mike Taunton
o Corporate Services John Sherman Mike Walker
o Information Technology TBD(2) Frank LaRocca
In addition to the outstanding team identified above, Colin Owyang from National
Grid and Tom Dargan from KeySpan will join the team to assist in the management
and coordination of integration-related project planning, strategy, content
integration, logistics and information management; also Amy Atwood from National
Grid and Mary Cardillo from KeySpan will join the team to champion our
communications efforts.
The integration teams will formally begin the process later this month. Their
first task will be to map the current "as is" environments for both companies.
This "level setting" will establish the baseline for integration in the tasks to
follow. In addition to leading the charge for the integration of their
respective functional areas, the functional team leads will also act as
designated points of contact for all integration-related activities between
National Grid and KeySpan personnel. In that regard, should you have a need to
engage your counterparts please contact the functional leader for your area.
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We know you will join us in offering the entire team your support and wishing
them every success as we begin the journey to combine these two great companies.
If you have any questions, please feel free to contact either of us directly
(see below); through the Integration Hotlines at 1-800-523-1044 (National Grid)
or 1-888-698-4397 (KeySpan); or via e-mail at IntegrationQuestions@us.ngrid.com
or IntegrationQuestions@keyspanenergy.com.
Thank you,
/s/Kwong Nuey /s/John Caroselli
Kwong Nuey John Caroselli
National Grid Integration Lead KeySpan Integration Lead
kwong.nuey@us.ngrid.com jcaroselli@keyspanenergy.com
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1. The KeySpan Electric T&D Operations lead will be appointed next week.
2. As Kathy Lane, the newly announced National Grid group CIO, will not be
starting in the US until April 10th, we have deferred the IT appointment
until April 14th.
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Additional Information and Where to Find It
-------------------------------------------
KeySpan intends to file with the Securities and Exchange Commission (the "SEC")
a proxy statement and other relevant documents in connection with the proposed
acquisition of KeySpan by National Grid. Investors and security holders of
KeySpan are advised to read the proxy statement and other relevant documents
when they become available, as they will contain important information about the
transaction. Investors and security holders may obtain a free copy of the proxy
statement and other documents filed by KeySpan with the SEC, when they become
available, at the SEC's web site at http:/www.sec.gov.
KeySpan and its directors, executive officers and other members of its
management and employees may be deemed to be participants in the solicitation of
proxies from its security holders in connection with the proposed acquisition.
Information concerning the interests of KeySpan's participants in the
solicitation is set forth in KeySpan's most recent proxy statement and Annual
Report on Form 10-K (filed with the SEC on March 30, 2005 and February 28, 2006,
respectively) and will be set forth in the proxy statement relating to the
acquisition when it becomes available.
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