Sept 30 Britain's energy regulator Ofgem said on
Friday it has granted National Grid consent to transfer its gas
transportation license to its new subsidiary National Grid Gas
Distribution Limited (NGGD), which is set for sale.
National Grid plc (NG) announced last year plans to sell a
majority interest in its gas distribution business, currently
owned by a subsidiary of NG, National Grid Gas plc (NGG).
To complete the transaction, National Grid would transfer
its gas distribution assets and the NGG license to NGGD.
(Reporting by Nerijus Adomaitis in London; Editing by Susan