Niagara Mohawk Power Corporation Declares Preferred Stock Dividends

  Niagara Mohawk Power Corporation Declares Preferred Stock Dividends

Business Wire

SYRACUSE, N.Y. -- May 22, 2014

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 April 1, 2014 to June 30, 2014 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 June 30, 2014, to holders of
record on June 17, 2014.

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 isthe largest
distributor of natural gas in the northeastern U.S., serving approximately 3.4
million customers in Massachusetts, New York, and Rhode Island.

Contact:

Media Contact:
Niagara Mohawk Power Corporation
Virginia Limmiatis, 315-452-7708
 
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