August 8, 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
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KeySpan Corporation
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(Name of Registrant as Specified in Its Charter)
(N/A)
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Attached is a copy of a press release issued by KeySpan Corporation.
KEYSPAN
NEWS
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KeySpan Corporation For Immediate Release
Contact:
Media Relations
516-545-5052
(516) 824-1241 (beeper)
KEYSPAN GETS THE GREEN LIGHT FROM INSTITUTIONAL
SHAREHOLDER SERVICES (ISS)
FIRM RECOMMENDS A VOTE FOR KEYSPAN'S MERGER
AGREEMENT WITH NATIONAL GRID
Brooklyn, NY (August 8, 2006) - KeySpan Corporation (NYSE: KSE) today announced
Institutional Shareholder Services (ISS), the influential proxy advisory firm
that advises institutional investors in proxy voting matters, has recommended a
vote FOR KeySpan's merger agreement with National Grid. Management requests that
all shareholders act promptly to cast their votes in advance of this important
meeting.
On February 27, 2006, National Grid and KeySpan announced an agreement for
National Grid to acquire KeySpan, which would create the third-largest gas
delivery utility in the United States.
The merger, which recently received Hart-Scott Rodino and Exon-Florio approvals,
will be presented for shareholder approval at KeySpan's Annual Shareholder's
Meeting on August 17.
About KeySpan:
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A member of the Standard & Poor's 500 Index, KeySpan Corporation (NYSE:KSE) is
the fifth largest distributor of natural gas in the United States and the
largest in the Northeast, operating regulated gas utilities in New York,
Massachusetts, and New Hampshire that serve 2.6 million customers. These
customer-focused businesses are complemented by a portfolio of service companies
that offer energy-related products, services, and solutions to homes and
businesses. KeySpan is also the largest electric generator in New York State,
with approximately 6,650 megawatts of generating capacity that provides power to
1.1 million customers of the Long Island Power Authority (LIPA) on Long Island
and supplies approximately 25 percent of New York City's capacity needs. KeySpan
also operates LIPA's transmission and distribution system under contract to
LIPA. In addition to these assets, KeySpan has strategic investments in pipeline
transportation, distribution, storage, and production. KeySpan has headquarters
in Brooklyn, New England, and Long Island. For more information, visit KeySpan's
web site at www.keyspanenergy.com.
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Additional Information and Where to Find It
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In connection with the proposed merger, the Company has filed a definitive proxy
statement with the Securities and Exchange Commission. BEFORE MAKING ANY VOTING
OR INVESTMENT DECISION, THE COMPANY STOCKHOLDERS ARE URGED TO READ THE
DEFINITIVE PROXY STATEMENT BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT THE
PROPOSED MERGER. The definitive proxy statement is also available free of charge
at the Securities and Exchange Commission's website, www.sec.gov, and
stockholders of the Company are also able to obtain additional copies of the
definitive proxy statement free of charge by directing their requests to KeySpan
Corporation One MetroTech Center, Brooklyn, New York 1120-3850.
The Company and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from its stockholders in connection
with the proposed merger. Information concerning the interests of the Company's
participants in the solicitation is set forth in the Company's proxy statements
and Annual Reports on Form 10-K, previously filed with the Securities and
Exchange Commission, and in the definitive proxy statement relating to the
merger.
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