SOURCE: National Grid

National Grid

September 07, 2016 15:25 ET

Niagara Mohawk Power Corporation Declares Preferred Stock Dividends

SYRACUSE, NY--(Marketwired - September 07, 2016) - Niagara Mohawk Power Corp. (the "Company"), an indirect subsidiary of National Grid USA ("National Grid"), announced that its Board of Directors has declared dividends for the period July 1, 2016 to September 30, 2016 at the following rates for all outstanding series of its preferred stock:

.85% on the $100 par value, 3.40% Series;

.90% on the $100 par value, 3.60% Series;

.975% on the $100 par value, 3.90% Series.

The preferred stock dividends are payable on September 30, 2016, to holders of record on September 16, 2016.

The Company, doing business as National Grid, provides electricity service to approximately 1.6 million customers and natural gas service to approximately 565,000 customers in upstate New York. The Company is based in Syracuse, N.Y.

National Grid is an indirect subsidiary of National Grid plc (LSE: NG) (NYSE: NGG). National Grid delivers electricity to approximately 3.3 million customers in Massachusetts, New York, and Rhode Island. It is the largest distributor of natural gas in the northeastern U.S., serving approximately 3.4 million customers in Massachusetts, New York, and Rhode Island.

About National Grid

National Grid (LSE: NG) (NYSE: NGG) is an electricity and natural gas delivery company that connects nearly 7 million customers to vital energy sources through its networks in New York, Massachusetts and Rhode Island. It is the largest distributor of natural gas in the Northeast. National Grid also operates the systems that deliver gas and electricity across Great Britain. Through its U.S. Connect21 strategy, National Grid is transforming its electricity and natural gas networks to support the 21st century digital economy with smarter, cleaner, and more resilient energy solutions. Connect21 is vital to our communities' long-term economic and environmental health and aligns with regulatory initiatives in New York (REV: Reforming the Energy Vision) and Massachusetts (Grid Modernization).For more information please visit our website: www.nationalgridus.com, or our Connecting website. You can also follow us on Twitter, watch us on You Tube, Like us on Facebook and find our photos on Instagram.

Contact Information

  • CONTACT:
    Virginia Limmiatis
    (315) 452-7708