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Article: Niagara Mohawk-National Grid Merger Joint Proposal Expected To Drop Residential Electricity Bills 5 Percent.
- Article from:
- PR Newswire
- Article date:
- October 12, 2001
CopyrightCOPYRIGHT 2001 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)
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New York State Department of Public Service Staff, IBEW Local 97,
Business, Consumer, and Environmental Groups Support Agreement
SYRACUSE and WESTBOROUGH, N.Y., Oct. 12 /PRNewswire/ --
Niagara Mohawk Power Corp.'s residential customers are expected to see a 5 percent electricity bill decrease under a proposed merger and rate plan settlement agreement announced by Niagara Mohawk Holdings Inc. (NYSE: NMK) and National Grid Group plc (NYSE: NGG). The agreement, reached with the New York State Department of Public Service staff and other parties, was filed late Thursday with the New York State Public Service Commission for approval. If the merger ...