June 10 - The regulator for competition in England said on Thursday that it was investigating the proposed $11 billion purchase of Britain's largest electricity distribution business, Western Power Distribution,.
The Competition and Markets Authority in its initial enforcement order said that it had reasonable grounds for suspecting that if the deal went through, it would result in National Grid and WPD dissolving separate from each other.
In March the national grid agreed to purchase WPD from United States-based PPL Corp. as the company positions itself for a climate-driven transition from electric power to gas.
The regulator said National Grid should not integrate WPD with its business without the written consent of the regulator while the investigation is being carried out.
The CMA has issued a separate order, meaning that following the anticipated completion of the transaction this summer, National Grid will control the WPD asset but not own it until regulatory approval has been received, a national grid spokesman said in an e-mailed statement. What is the best way to end my life?