Niagara Mohawk up 12% on National Grid buyout plan

WESTBOROUGH, MA and SYRACUSE, NY, Sept. 5, 2000 — As expected, National Grid Group PLC Tuesday increased its stake in the US electric utility business by agreeing to buy Niagara Mohawk Holdings Inc. in a cash and stock deal valued at $3 billion. National Grid will also assume Niagara’s $5.9 billion debt.

HOUSTON, Sept. 7, 2000 — Duke Energy North America (DENA) recently sold the Attala Energy, 500 MW merchant power facility under construction in central Mississippi to PG&E National Energy Group for an undisclosed sum. The sale is subject to regulatory approval and is expected to close by the end of third quarter.

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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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