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KeySpan Energy Names Craig G. Matthews President and Chief Operating Officer.

BROOKLYN and HICKSVILLE, N.Y.--(BUSINESS WIRE)--Jan. 28, 1999--Craig G. Matthews has been named president and chief operating officer of KeySpan Energy and its principal subsidiary, Brooklyn Union, effective immediately.

"This promotion allow Mr. Matthews to focus his excellent management skills on achieving growth and operating efficiencies following our recent merger, while continuing to participate in the strategic direction of the new company as a key player in the top management team," said Robert B. Catell, chairman and chief executive officer of KeySpan Energy. "This allows me to concentrate on the implementation of our strategy to become a premier energy company."

Mr. Matthews, age 55, became executive vice president and chief financial officer of KeySpan Energy, a holding company created in 1998, when the parent company of Brooklyn Union combined with the Long Island Lighting Company. He will continue to serve as chief financial officer of KeySpan Energy until a replacement is named.

After joining Brooklyn Union in 1965 as a management trainee, Mr. Matthews held various management positions in the corporate planning, financial, marketing, and engineering areas. In 1991, he was named executive vice president with responsibilities for Brooklyn Union's financial, gas supply, information systems, and strategic planning functions, as well as the company's energy-related investments. In 1996, he was promoted to president and chief operating officer.

Mr. Matthews serves as chairman of the Advisory Board of the Salvation Army for the Greater New York area, president of the Brooklyn Philharmonic, and president of the Gas Lighting Society. He is a member of the boards of the Regional Plan Association, Neighborhood Housing Services, the American Gas Association and other civic and charitable organizations.

Born in Brooklyn and raised in Long Island, Mr. Matthews graduated from Rutgers University in 1965 with a Bachelor's Degree in Civil Engineering, and obtained his MS degree in Industrial Management and Finance from Polytechnic University in 1971. He served two years in Korea with the U.S. Army as a company commander in the Corps of Engineers. Mr. Matthews and his wife, Carol, reside in Chatham, NJ. They have three children.

KeySpan Energy's two principal operating subsidiaries, each doing business under the name Brooklyn Union, distribute natural gas to nearly 1.6 million customers in the New York City boroughs of Staten Island, Brooklyn, and Queens, and the Long Island counties of Nassau and Suffolk. Other KeySpan subsidiaries provide gas-marketing and energy services, including system installation and management, primarily in the greater New York metropolitan area; generate electricity primarily in Nassau and Suffolk Counties at five plants and 42 smaller facilities with an aggregate-rated generating capacity of 3,978 MW; and provide electric transmission-and-distribution operating services and customer-billing services to the Long Island Power Authority for its one-million electric customers. Through investments by subsidiaries, KeySpan also owns 64 percent of the gas-exploration-and-production operations of The Houston Exploration Company (NYSE:THX) as well as interests in domestic and international pipeline operations and international gas-distribution operations. For more information, visit KeySpan Energy's web site at: www.keyspanenergy.com.
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Publication:Business Wire
Geographic Code:1USA
Date:Jan 28, 1999
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