Fthr re Niagara Mohawk

National Grid Group PLC
28 November 2001



National Grid and Niagara Mohawk receive approval for New York Rate Settlement


National Grid and Niagara Mohawk today received approval of their 10-year
negotiated rate settlement from the New York Public Service Commission
(NYPSC).

National Grid's acquisition of Niagara Mohawk which is expected to close early
in 2002, also requires approval from the US Securities and Exchange Commission
(SEC).

National Grid and Niagara Mohawk announced on 5 September 2000, the signing of
a $3 billion Merger Agreement under which National Grid will acquire all of
the outstanding shares of Niagara Mohawk.



ENQUIRIES:


National Grid:


Investors

Marcy Reed [phone] [phone](m)

Terry McCormick [phone] [phone](m)


Media

Susan Stevens [phone] [phone](m)

Clive Hawkins [phone] [phone](m)


Citigate Dewe Rogerson: [phone]

Anthony Carlisle [phone](m)