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Previous: NATIONAL GRID GROUP PLC, U-1, EX-99.2, 2001-01-12 |
Next: NATIONAL GRID GROUP PLC, U-1, EX-99.4, 2001-01-12 |
Exhibit A-3
PROPOSED POSITION (2)
|--------------------|
| |<----- external $3.9bn
| The National | liability
| Grid Group plc |
| |
| |
|--------------------|
|
_________________|____________
| |
| |
|--------------------| |--------------------|
| National Grid | | National Grid |
| Holdings Ltd | | (US) Holdings Ltd |
|--------------------| |--------------------|
| |
| |<-------------- preference shares
| |
|--------------------| |--------------------|
| NatGrid Finance |<-------| National Grid |
| Holdings Ltd |------->| (US) Investments |
|--------------------| ^ |--------------------|
| |
currency swap |
|
|--------------------|
| National Grid |
| (Ireland) 1 Ltd |
| ($ shares) |
|--------------------|
|
|
|------------------------|
| |
| |------------------|
| | National Grid |
| | (Ireland) 2 Ltd |
| |------------------|
| |
| |
|------------------------|
|
|
|--------------------|
| National Grid |
| General Partnership|
|--------------------|
|
|
|
|--------------------|
| National Grid |
| USA |
|--------------------|
|
|