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What is 'Pawn Your Diamond'?
'Pawn Your Diamond' offers the community information
about the Fortune 500 companies.
Why the name?
The aim behind our name is to give young
entrepreneurs the incentive to start from scratch with
the hope that this small money they got from pawning a
diamond they had aside, grows and flourishes into a
multi billion dollar corporation.
Too dreamy?
Simply NOT. Such famous corporations did not exist
forever. Each and every foundation did start somewhere
and usually had one or a few founding members. So grab
the general concept and work hard!
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Fortune 500 - Spot Number 302
Company Information
Name: KeySpan Corporation
Industry: Natural Gas Utilities
Description: A member of the S & P 500, KeySpan is the largest distributor of natural gas in the Northeast, with 2.5 million gas customers and more than 12,000 employees. KeySpan is also the largest investor-owned electric generator in New York State and operates Long Island's electric system serving 1.1 million customers. With headquarters in Brooklyn, Boston and Long Island, KeySpan also manages a dynamic portfolio of service companies. They include: KeySpan Energy Delivery, the group of regulated natural gas utilities; KeySpan Home Energy Services, an energy product, repair and service company for residential and small commercial customers; and KeySpan Business Solutions, a full-service energy product, repair and services company for business customers. KeySpan also has strategic investments in natural-gas exploration, production, pipeline transportation, distribution and storage, Canadian gas-processing and fiber-optic cable
Financial Summary: KSE distributes natural gas, owns investments in gas exploration & production operations, provides gas marketing and energy services, generates electricity, and provides distribution services. For the 6 months ended 6/30/05, revenues rose 1% to $3.82B. Net income applic. to Common from cont. ops. fell 33% to $252.4M. Results reflect higher electric services revenues, offset by a $20.9M debt redemption charge.
Business Summary: KeySpan Corporation (KeySpan) operates in the gas distribution, electric services, energy services and energy investments segments. The Company conducts substantially all of its operations through subsidiaries. The Gas Distribution segment consists of six regulated gas distribution subsidiaries, which operate in New York, Massachusetts and New Hampshire and serve approximately 2.6 million customers. The Electric Services segment consists of subsidiaries that manage the electric transmission and distribution (T&D) system owned by the Long Island Power Authority (LIPA). The Energy Services segment provides energy-related and fiber optic services to customers. The Energy Investments segment includes gas exploration and production activities, domestic pipelines and gas storage facilities, natural gas pipeline activities in the United Kingdom.
Misc Details
Symbol: KSE
City: Brooklyn
State: NY
ZIP Code: 11801
Address: 175 East Old Country Road
Phone: 718-403-1000
Fax: 718-545-2293
Website: http://www.keyspanenergy.com
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