Keyspan analysis :: essays research papers

About Keyspan Keyspan, a member of the Standard & Poor’s 500 Index, is the largest distributor of natural gas in the Northeast. In New York State, Keyspan is also the largest investor-owned electric generator. Keyspan has select investments along the gas supply chain as well as a dynamic portfolio of energy service companies. Keyspan’s acquisitions of Eastern Enterprises and EnergyNorth made them the largest gas Distribution Company in the northeast. They have 2.5 million gas customers, including customers in the lucrative New England market.   Ã‚  Ã‚  Ã‚  Ã‚  Keyspan has a solid gas distribution, with 1.7 million customers in New York City and Long Island. They have an additional 800,000 customers in Massachusetts and New Hampshire. Keyspan’s gas utilities are the core drivers of the company and they intend to capitalize on the tremendous growth potential. Keyspan also provides electric service to 1.1 million Long Island Port Authority customers. Keyspan owns and operates over 6,200 megawatts of generating capacity. They plan to add 250 megawatts of electrical generation to New York City by 2003, as well as another 250 to 300 megawatts to Long Island by 2004.   Ã‚  Ã‚  Ã‚  Ã‚  Keyspan’s Energy Services business provides a full array of energy products to the immense Northeast market. Its energy investments sector includes a solid exploration and production business, as well as other investments that utilize their gas and electric core competencies.   Ã‚  Ã‚  Ã‚  Ã‚  Keyspan is making investments in new technologies that will benefit its relationship with its customers. Their new technological device is the use of its E-Commerce investment in MyHomeKey.com. This is an Internet portal, which helps customers manage their energy needs. The current mission of Keyspan is to become the premier energy and Services Company in the Northeastern United States, providing a full range of products and services. Its priorities are to grow the core regulated business, to build the energy service business, as well as continuing to grow organically.   Ã‚  Ã‚  Ã‚  Ã‚  The goal of Keyspan is to grow its customer base. They would like to be able to sell new products and services, extend their management over a large base, and provide an economy needed for technology investments. Financial Position   Ã‚  Ã‚  Ã‚  Ã‚  Keyspan is financially solid with a +4 billion ‘market cap’, a healthy dividend, yields of 5-6%, and a strong balance sheet. Keyspans 52 week high was 43.63, while its low was 29.10. Its EBIT (Earnings Before Income Taxes) for the year 2000 is 720 million. For 1999 the EBIT was 529 million.