Niagara Mohawk is National Grid’s third U.S. acquisition, after New England Electric System (NEES) and Eastern Utilities Associates (EUA), which were both acquired earlier this year.
Azurix Corp., Houston, reported Rebecca P. Mark resigned as chairman and CEO to pursue other opportunities as a private investor in the water resources business. John L. Garrison, Azurix president and chief operating officer, was elected CEO and president. He has served as president since March. Herbert S. Winokur Jr., chairman and CEO of Capricorn Holdings Inc., was elected interim board chairman.