SYRACUSE, N.Y., July 23, 2020 /PRNewswire/ -- 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, 2020 to
September 30, 2020 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, 2020, to holders of record on
September 16, 2020.
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.
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SOURCE National Grid