SYRACUSE, N.Y., Nov. 20,
2023 /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
October 1, 2023 through December 31, 2023 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 December 29, 2023 – December 31 falls on a weekend, therefore the
payment date is moved -- to holders of record on December 18, 2023.
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 Niagara Mohawk Power Corp.