RNS Number:4247M
National Grid USA
23 January 2008

                                National Grid USA



                        EURO MEDIUM TERM NOTE PROGRAMME


National Grid USA announces that it has today issued JPY 4,500,000,000 Floating
Rate Instruments due 23 January 2009 Series No 2, as part of the National Grid
USA Euro 4,000,000,000 Euro Medium Term Note Programme.



23 January 2008


Contact

Media
Clive Hawkins            020 7004 3147

Investors
Andrew Kluth             020 7004 3365






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