National grid to acquire Niagara Mohawk in $3.0 billion transaction

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.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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