70-9849 Amended Rule 24
File No. 70-9849
AMENDMENT TO CERTIFICATE OF NOTIFICATION
(RULE 24)
SECURITIES AND EXCHANGE COMMISSION
BY
NATIONAL GRID GROUP PLC
On June 28, 2002, in accordance with the order of the Securities and Exchange Commission dated January 16, 2002, Holding Company Act Release No.
27490 (the "Order"), National Grid Group plc ("National Grid") submitted its report for the period October 1, 2001 to March 31, 2002 (the "June 2002
Report"). National Grid is filing this amendment to correct certain items contained in the June 2002 Report as discussed below.
Common stockholders' funds for National Grid (US) Investments were overstated by $35.9M in the National Grid Group Capitalization Table (Exhibit A-3
to the June 2002 Report). The corrected amount is $97.5M with total capitalization and the percentage split between Common stockholder's funds and
short-term debt for National Grid (US) Investments revised accordingly. National Grid hereby amends the June 2002 Report as follows:.
Exhibit A-3 of the June 2002 Report is hereby deleted and is replaced in its entirety by Exhibit A attached hereto.
In this amendment a conversion ratio of 1 GBP to 1.42 US Dollars has been used. The exchange rate conversion is provided solely for convenience and
should not be taken to mean that the pound sterling amounts have been, could have been, or could be converted to US Dollars at the rates indicated or at any
other rates.
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SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the undersigned company has duly caused this amendment to
certificate of notification (Commission's File No. 70-9849) to be signed on its behalf by the undersigned thereunto duly authorized.
NATIONAL GRID GROUP PLC
s:/ John G. Cochrane
John G. Cochrane
Authorized Representative
Date: July 29, 2002
EXHIBIT INDEX
Exhibit Description Page
Exhibit A Amended Exhibit A-3 National Grid Group Capitalization Table At Filed herewith
March 31, 2002
Exhibit A
AMENDED EXHIBIT A-3
NATIONAL GRID GROUP
CAPITALIZATION TABLE
AT MARCH 31, 2002
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National Grid
National Grid Group National Grid Holdings Limited National Grid (US) National Grid (US) National Grid US
plc (consolidated) Holdings One plc (consolidated) Holdings Limited Investments 4 (Partner) 1 Limited
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$MM % $MM % $MM % $MM % $MM % $MM %
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Common stockholders' funds 5,337.8 31.6 2,455.8 44.6 2,728.3 40.3 1,598.7 21.8 3,011.0 35.9 4,550.0 100.0
-
Preferred stockholders' funds - - - - - - - - - - -
Short - term debt 1,720.0 10.2 3,044.5 55.4 1,176.6 17.4 5,722.7 78.2 5,376.3 64.1 - -
-
Long - term debt 9,707.0 57.3 - - 2,867.0 42.3 - - - - -
-
Equity minority interests 27.1 0.2 - - (1.0) (0.0) - - - - -
-
Preference stock issued by subsidiaries 111.8 0.7 - - - - - - - - -
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Total capitalization 16,903.7 100.0 5,500.3 100.0 6,770.9 100.0 7,321.4 100.0 8,387.3 100.0 4,550.0 100.0
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National Grid US National Grid General National Grid National Grid (US) National Grid National Grid
(Partner) 2 Limited Partnership Holdings Inc. Investments (Ireland) 1 Limited (Ireland) 2 Limited
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$MM % $MM % $MM % $MM % $MM % $MM %
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Common stockholders' funds 46.0 100.0 3,812.7 100.0 4,595.9 54.6 97.5 82.1 926.3 21.5 3,185.5 99.8
Preferred stockholders' funds - - - - - - - - 3,388.0 78.5 - -
-
Short - term debt - - - - 3,816.2 45.4 21.3 17.9 - 7.1 0.2
-
Long - term debt - - - - - - - - - - -
-
Equity minority interests - - - - - - - - - - -
-
Preference stock issued by subsidiaries - - - - - - - - - - -
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Total capitalization 46.0 100.0 3,812.7 100.0 8,412.1 100.0 118.8 100.0 4,314.3 100.0 3,192.6 100.0
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Table excludes all current accounts (both payables and receivables) relating to trading, interest, and dividends.
Numbers are presented on the basis of equity accounting for investments held in subsidiary undertakings.