Sale of nuclear assets

National Grid Transco PLC
04 November 2002

For immediate release     4 November 2002


                               National Grid Transco

                   Exit from operational nuclear assets complete

National Grid Transco plc notes Friday's announcement from FPL Group Inc that it
has completed the acquisition of a controlling interest in the Seabrook Nuclear
Generating Station in New Hampshire from a consortium of owners including New
England Power, a subsidiary of National Grid USA.

As a result of this, and other previous transactions, National Grid Transco no
longer owns any interest in operational nuclear generating plants.

These transactions contribute to National Grid Transco's strategy to focus its
core skills in the management of large and complex energy delivery networks.


Contacts:

Investor Relations

Marcy Reed                               + 44 (0) 20 7004 3170
Terry McCormick                          + 44 (0) 20 7004 3171
Louise Clamp                             + 44 (0) 20 7004 3172
Bob Seega (US)                           + 1 508 389 2598

Media Relations
Clive Hawkins                            + 44 (0) 20 7004 3147

Gillian Home                             + 44 (0) 20 7004 3150
Jim Willison                             + 44 (0) 20 7004 3149


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