Niagara Mohawk Utility
Prior to 1929 there were 59 separate power companies serving Northern New York; each company provided power to its local area. In 1929, all 59 companies joined to together to form Niagara Hudson Power Corp. Following internal reorganization in 1950, it became Niagara Mohawk Power Co. In March of 1999, it reorganized again, forming the holding company Niagara Mohawk Holdings, Inc. with Niagara Mohawk Power as a subsidiary. The reorganization was undertaken to separate utility and non-utility operations. In 1999, Niagara Mohawk Power sold its Huntley and Dunkirk coal stations to NRG. Niagara Mohawk was purchased by National Grid in 2002, a British multinational electricity and gas utility company. National Grid is dedicated to being the world's premier network utility, primarily focused on delivering energy safely, reliably and efficiently. They own the high-voltage electricity transmission system in England and Wales and operate the system across Great Britain.They also own and operate the high pressure gas transmission system in Britain.In addition, we have electricity transmission systems in the northeastern US. They distribute electricity in the northeastern US to approximately 3.3 million customers and gas in upstate New York to around 565,000 customers.
On March 13th of 2013, National Grid sold all of its American operations to The Blackstone Group, an American private equity company based in New York City, New York.