|
|
Article: Agreement for Sale of Nine Mile Nuclear Assets Important Milestone in Niagara Mohawk Merger with National Grid.
- Article from:
- PR Newswire
- Article date:
- December 12, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SYRACUSE, N.Y., Dec. 12 /PRNewswire/ --
The agreement to sell Niagara Mohawk Power Corp.'s nuclear assets is an important milestone in the planned merger with National Grid Group plc (NYSE: NGG) (LSE: NGG), Niagara Mohawk Holdings Corp. (NYSE: NMK) chairman and chief executive William E. Davis said today.
"The sale of Niagara Mohawk's nuclear plants will satisfy a condition of our agreement with National Grid," Davis said. "Niagara Mohawk and National Grid continue to make progress on planning the integration of the two companies and look forward to gaining the regulatory approvals that will permit the merger's completion in late 2001. Today's ...