New company takes over Lincolnshire gas network after £13 billion deal

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The gas distribution company which maintains the Lincolnshire gas pipe network has been relaunched as new independent company Cadent after a £13 billion deal.

Formerly known as National Grid Gas Distribution, the news comes after National Grid Plc sold off its majority stake in the company, which runs networks in Lincolnshire, East Midlands and South Yorkshire.

The newly named company is an independently-run business owned by a consortium of investors.

Cadent has some 2,000 staff and contractors in the East Midlands and South Yorkshire, delivering gas to four million homes and businesses in the region.

The company also has around 60 staff based in Lincoln, serving the city and the south Lincolnshire area.

The company also has depots and offices across the region, including sites in Grimsby, Scunthorpe, Sheffield, Nottingham, Leicester, Northampton, Kettering, Chesterfield and Burton-upon-Trent.

Chris Rison, Head of Operations for Cadent’s network in the East of England and South Yorkshire said: “Our day to day role remains the same, along with the National Gas Emergency Service and our helpline numbers.

“We’ll keep on innovatively operating and maintaining our network, transporting gas safely and protecting people in an emergency.

“However, over the next 12 months, people will notice the branding on our vehicles and uniforms will start to change.”

Cadent chief executive Chris Train OBE added: “As Britain’s largest gas network we look forward to a strong future ahead, supported by our various partners.”