National Grid - 2002 News Releases
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2002 News Releases

12/6/2002 Nantucket, MA – Nantucket Electric Requests Rate Changes for First of the Year
Nantucket Electric Company filed proposals with the Department of Telecommunications and Energy (DTE) to change its rates effective January 1, 2003.     Full Text

11/27/2002 Northborough, MA – Massachusetts Electric Requests Rate Changes For First Of The Year
Massachusetts Electric Company today filed a proposal with the Department of Telecommunications and Energy (DTE) to change its rates effective January 1, 2003.     Full Text

11/27/2002 Salem, NH – Granite State Electric Files Request For Rate Reduction
Granite State Electric Company today filed a request with the New Hampshire Public Utilities Commission to decrease its rates effective January 1, 2003.     Full Text

10/8/2002 Northborough, MA – Regulators Approve Massachusetts Electric's Request for Reduction in Default Service Rates Effective November 1
Massachusetts Electric Company has received approval from the Department of Telecommunications and Energy (DTE) for a reduction in Default Service rates.     Full Text

9/24/2002 Northborough, MA – Massachusetts Electric Company Requests Reduction in Default Service Rates
Massachusetts Electric Company today filed a request with the Department of Telecommunications and Energy (DTE) to reflect the current lower cost of power it purchases on behalf of its 328,000 customers on Default Service.     Full Text

9/04/2002 Syracuse, NY – Niagara Mohawk Kicks Off Renewable Energy Choice
Niagara Mohawk customers can now choose to have their electricity produced by less-polluting, renewable sources—wind, biomass and hydropower.     Full Text

8/6/2002 Amsterdam, NY – Schenectady Symphony Orchestra to Perform Free Pops Concert at Amsterdam's Riverlink Park
Fireworks, free ice cream and the rousing music of the Schenectady Symphony Orchestra are the highlights of an evening of free outdoor entertainment at Amsterdam's Riverlink Park Aug. 13.     Full Text

7/30/2002 Syracuse, NY – Warm Weather Prompts Call for Reduced Electricity Use
Acting on a request by the operator of New York's statewide transmission system, Niagara Mohawk is asking customers to reduce all unnecessary electricity usage today from 1 p.m. to 6 p.m.     Full Text

7/25/2002 Syracuse, NY – Niagara Mohawk Declares Preferred Stock Dividends
Niagara Mohawk, a National Grid company (NYSE: NGG), announced that the Board of Directors of Niagara Mohawk Power Corp. has declared dividends at prescribed rates for all series of its preferred stock.     Full Text

7/18/2002 Medford, MA – Massachusetts Electric Energizes New Supply Line in Medford
Massachusetts Electric Company today announced that there is now a new supply line serving the portion of Medford that had been on a back-up electric system since July 10, 2002.     Full Text

7/17/2002 Syracuse, NY – Niagara Mohawk Solicits Applications for Second Annual Community Renaissance Awards
Niagara Mohawk, a National Grid Company, is soliciting applications for its innovative awards program aimed at rewarding upstate New York municipalities, not-for-profit agencies and private developers for their exemplary community development projects.     Full Text

7/15/2002 Syracuse, NY – Niagara Mohawk Reminds Customers: Call Before You Dig
As outdoor work continues this summer, Niagara Mohawk offers an important safety message to customers undertaking excavation projects: Call before you dig!     Full Text

7/12/2002 Medford, MA – Massachusetts Electric Outlines Actions for Medford
Massachusetts Electric Company today announced that it is taking a number of steps to address customers' concerns and assure reliable electric service to the approximately 7,000 customers in the City of Medford who were affected by the recent power outages in that area.     Full Text

6/21/2002 – [The following news release was jointly issued by National Grid and three other parties.]
Ameren, FirstEnergy, Northern Indiana Public Service Sign Letter of Intent for Membership in the Midwest ISO, Propose Formation of GridAmerica - An Independent Transmission Company; Name National Grid As Managing Member

Ameren Corporation (NYSE: AEE), FirstEnergy Corp. (NYSE: FE)-on behalf of its American Transmission Systems Incorporated subsidiary, Northern Indiana Public Service Co., a subsidiary of NiSource Inc. (NYSE: NI), and National Grid (LSE: and NYSE: NGG) on June 20 established terms for joining the Midwest Independent Transmission System Operator, Inc. (MISO) through the companies' participation in an independent transmission company (ITC).     Full Text

6/13/2002 Syracuse, NY – Paper Industry Expert is BizBOOM's Featured Executive for June
F. Eugene Rood, president and general manager of Brownville Specialty Paper Products Inc., will be the featured executive for June on BizBOOM.com, Niagara Mohawk's website for small businesses.     Full Text

6/11/2002 Providence, RI – Narragansett Electric Company Unveils Newly-Energized Substation in Providence
Narragansett Electric Company officials were joined today by business and community leaders to officially unveil a recently expanded $7.5-million substation at Point Street in Providence.     Full Text

5/31/2002 Northborough, MA – Massachusetts Electric Requests Rate Reduction
Massachusetts Electric Company today filed a proposal with the Department of Telecommunications and Energy to reduce its rates for customers taking Standard Offer service.     Full Text

5/31/2002 Syracuse, NY – Niagara Mohawk Offers Tips on Weathering Summer Storm Emergencies
With the summer thunderstorm season already here, Niagara Mohawk, a National Grid Company, offers the following tips to minimize inconvenience and ensure safety if power is interrupted as a result of a storm.     Full Text

5/23/2002 Syracuse, NY – Niagara Mohawk Offers Springtime Tips to Keep You Cooler This Summer
As summer weather approaches, everyone will be looking for ways to keep cool. Niagara Mohawk says it is possible to keep cool without turning up the heat on your energy budget.     Full Text

5/23/2002 Syracuse, NY – Niagara Mohawk Program to Offer Customers Access to Renewable Energy
Niagara Mohawk customers soon will be able to purchase all or part of their electricity from renewable energy sources, a benefit made available as part of the merger of Niagara Mohawk and National Grid Group plc.     Full Text

5/15/2002 Syracuse, NY – Nationally Recognized Management Consultant is BizBOOM's Featured Executive for May
Ann C. Michel, president, chief executive officer and founding principal of Knowledge Systems & Research, will be May's featured executive on BizBOOM.com, Niagara Mohawk's web site for small businesses.     Full Text

5/14/2002 Syracuse, NY – Niagara Mohawk to Conduct Distributed Generation Program
At the direction of the Public Service Commission to New York electric distribution utilities, Niagara Mohawk, a National Grid Company, will conduct a pilot program from 2002 through 2004 to assess the viability of distributed generation on a targeted basis.     Full Text

5/10/2002 Salem, NH – Regulators Approve Transition Service Extension for 39,000 Granite State Electric Customers
Granite State Electric Company announced today that the New Hampshire Public Utilities Commission (PUC) has approved a settlement that calls for an extension of the company’s Transition Service for nearly four years and allows Baltimore-based Constellation Power Source Inc. to serve as the wholesale power supplier for the utility’s 39,000 Transition Service customers and for all new Granite State Electric customers beginning July 1, 2002.     Full Text

4/26/2002 Syracuse, NY – Niagara Mohawk Declares Preferred Stock Dividends
Niagara Mohawk, a National Grid Company (NYSE: NGG), announced that the Board of Directors of Niagara Mohawk Power Corp. has declared dividends at prescribed rates for all series of its preferred stock.     Full Text

4/25/2002 Syracuse, NY – Niagara Mohawk and The New York State Nursery/Landscape Association Offer Tree-Planting Tips
Niagara Mohawk and the New York State Nursery/Landscape Association Inc. offer the following tips to planting trees that will not interfere with utility services.     Full Text

4/24/2002 Brockton, MA – Massachusetts Electric Company Unveils New Substation in Hanover
Officials with Massachusetts Electric Company and its parent company, National Grid, today officially unveiled a new state-of-the-art substation at 19 Phillips Lane in Hanover, Mass. that will improve the area's existing electricity distribution system and position the region for continued growth.     Full Text

4/15/2002 Syracuse, NY – SBA's New York Small Business Person of the Year is BizBoom's Featured Executive for April
Carol L. Constantino, president of The Noteworthy Co., will be April's featured executive on BizBOOM.com, Niagara Mohawk's web site for small businesses.     Full Text

4/11/2002 Syracuse, NY – Niagara Mohawk Reminds Customers to Work, Play Safely Outdoors This Spring
Niagara Mohawk reminds its customers to work and play safely when around electricity outside.     Full Text

3/28/2002 Syracuse, NY – Niagara Mohawk Announces Expiration of Preferred Stock Tender Offer
Niagara Mohawk, a National Grid company (LSE: and NYSE: NGG), announced today that its offers to purchase all of the outstanding shares of seven series of its cumulative preferred stock had expired at 5:00 p.m., EST, on Wednesday, March 27, 2002.     Full Text

3/27/2002 Northborough, MA – Massachusetts Electric Company Requests Reduction in Default Service Rates for First of May
Massachusetts Electric Company has filed a request with the Department of Telecommunications and Energy (DTE) to reflect the current lower cost of power it purchases on behalf of its 318,000 customers on Default Service.     Full Text

3/22/2002 Syracuse, NY – Niagara Mohawk Announces Revised Preferred Stock Tender Offer Filing
Niagara Mohawk, a National Grid company (LSE: and NYSE: NGG), announced today that it had amended its tender offer filing for the outstanding shares of seven series of preferred stock to include National Grid Group plc, its parent company, as a joint filing person and co-bidder.     Full Text

3/20/2002 Westborough, MA – National Grid to Divest Its Interest in Canadian Niagara Power Ltd.
National Grid USA today announced that it has agreed to sell its 50% ownership interest in Canadian Niagara Power Company, Limited (CNP Limited) to Fortis Inc., for $49 million (Canadian), including $35 million cash and $14 million of assumed debt.     Full Text

2/27/2002 Syracuse, NY – Niagara Mohawk Announces Tender Offer for Seven Series of Preferred Stock
Niagara Mohawk, a National Grid company (LSE: and NYSE: NGG), today commenced cash tender offers for any and all of the outstanding shares of the following series of its cumulative preferred stock at the purchase prices indicated below.     Full Text

2/19/2002 Northborough, MA – Mass. Electric and Associated Industries of Massachusetts Co-Sponsor Innovative Seminar on Power Supplier Selection
Massachusetts Electric Company and the Associated Industries of Massachusetts (AIM) are co-sponsoring an innovative educational seminar on power supplier selection in an effort to help businesses and municipalities learn more about the competitive electricity market and how they can make cost-effective power supply decisions.     Full Text

2/5/2002 Syracuse, NY – Niagara Mohawk Announces Redemption of Six Series of Preferred Stock
Niagara Mohawk, a National Grid Company (NYSE: NGG), has announced that it will redeem all remaining outstanding shares of the following series of its preferred stock.     Full Text

1/31/2002 Syracuse, NY – Niagara Mohawk Customers to See Average 8% Delivery Price Cut with Close of National Grid Merger
Niagara Mohawk's residential customers will see an average 8 percent delivery price reduction as a result of today's completed merger between National Grid Group plc (LSE, NYSE:NGG) and Niagara Mohawk Holdings Inc.     Full Text

1/29/2002 Westborough, MA and Syracuse, NY – National Grid Announces Final Election Results and Allocation of Consideration
On January 17, 2002 National Grid Group plc ("National Grid”) announced that, in accordance with the Merger Agreement governing the terms of the acquisition of Niagara Mohawk Holdings, Inc. ("Niagara Mohawk"), Niagara Mohawk shareholders will receive consideration of $18.89 for each share of Niagara Mohawk common stock held, which they could elect to receive in the form of $18.89 cash per share, 0.5863 National Grid American Depositary Shares ("ADSs") per share or a combination of both.     Full Text

1/28/2002 Northborough, MA – Massachusetts Electric Applauds Legislature's Intent to Support and Pass Energy Efficiency Bill
At a press conference held today by House Speaker Thomas Finneran, Massachusetts Electric Company and two of its customers released the following statement in support of House bill 4006, authored by Representative John Binienda, Worcester, chairman of the House Energy Committee, which would extend funding for the Commonwealth’s energy efficiency programs.     Full Text

1/28/2002 Westborough, MA and Syracuse, NY – National Grid Announces Preliminary Merger Election Results
The Election Deadline for the merger between National Grid Group plc (LSE:NGG and NYSE:NGG) and Niagara Mohawk Holdings, Inc. (NYSE:NMK) expired at 5:00 p.m. EST on Thursday, January 24, 2002.     Full Text

1/16/2002 Westborough, MA and Syracuse, NY – [The following news release was jointly issued by National Grid and Niagara Mohawk]
SEC Approves National Grid-Niagara Mohawk Merger

The U.S. Securities and Exchange Commission (SEC) today approved the merger between National Grid Group plc (LSE:NGG and NYSE:NGG) and Niagara Mohawk Holdings Inc. (NYSE:NMK).     Full Text