SYRACUSE, N.Y., Dec. 6, 2022
/PRNewswire/ -- Niagara Mohawk Power Corp. (the "Company"), an
indirect subsidiary of National Grid USA ("National Grid"), announced that its
Board of Directors has issued a revised declaration of preferred
dividends for the period Oct. 1, 2022
through Dec. 31, 2022 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 Dec. 30, 2022, to holders of record on
Dec. 19, 2022. The previously
reported issuance of preferred dividends voted upon at the
Nov. 17, 2022 meeting has been
rescinded and replaced in its entirety with vote reported
today.
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 New York and New England. It is the
largest distributor of natural gas in the northeastern U.S.,
serving approximately 3.4 million customers in New York and New England.
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SOURCE National Grid