National Grid Gives Up Fight For LNG Terminal

Law360, New York (October 3, 2007, 12:00 AM EDT) -- National Grid PLC has dropped its appeal of a Federal Energy Regulatory Commission decision that blocked its controversial plans to develop a liquefied natural gas terminal in Providence, R.I.

The London company, which acquired KeySpan Corp. for $7.3 billion in August, began moving ahead with KeySpan’s plan to build upon its LNG terminal at Fields Point. The expansion project drew fire from state officials, including Attorney General Patrick Lynch, who contended that building such a terminal in the city was unsafe.

FERC shot down the plan...
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