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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-9C-3
QUARTERLY REPORT PURSUANT TO RULE 58
FOR THE QUARTER ENDED
March 31, 2000
NATIONAL GRID USA
25 Research Drive, Westborough, MA 01582
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NATIONAL GRID USA
For The Quarter Ended March 31, 2000
ITEM 1 - ORGANIZATION CHART
Percentage
Energy or State of voting
Name of Reporting Gas-Related Date of of Securities
Company Company Organization Organization
Held Nature of Business
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<S> <C> <C> <C> <C> <C>
N/A (1)
(1) National Grid USA changed its fiscal year from a calendar year, ending
December 31, to a fiscal year, ending March 31. National Grid USA made this
change in order to align its fiscal year with that of its parent company, The
National Grid Group plc. National Grid USA's first full fiscal year began on
April 1, 2000, and will end on March 31, 2001. National Grid USA has prepared
this report for the three month transitional period ended March 31, 2000.
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NATIONAL GRID USA
For The Quarter Ended March 31, 2000
Item 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS
Type of Principal Issue Cost Person to
Collateral Consideration
Security Amount of or of Whom Security Given
with Received for
Company Issuing Security Issued Security* Renewal
Capital Was Issued Security Each Security*
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------- -------------- ----------- -------------
<S> <C> <C> <C> <C> <C> <C> <C>
N/A
<FN>
*Expressed in millions, rounded to hundred thousands of dollars
</FN>
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NATIONAL GRID USA
For The Quarter Ended March 31, 2000 (cont'd.)
Item 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS
(expressed in millions, rounded to hundred thousands of dollars)
Company Company Amount of
Contributing Receiving Capital
Capital Capital Contribution
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<S> <C> <C> <C>
NEES Energy, Inc. AllEnergy Marketing Company, L.L.C. $8.5
National Grid USA Wayfinder Group, Inc. $0.2
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NATIONAL GRID USA
For The Quarter Ended March 31, 2000
Item 3 - ASSOCIATE TRANSACTIONS (expressed in millions, rounded to hundred
thousands of dollars)
Part I - Transactions performed by reporting companies on behalf of associate
companies
Direct
Indirect Total
Reporting Company Associate Company Types of
Services Costs Costs Cost of Amount
Rendering Services Receiving Services Rendered
Charged Charged Capital Billed
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----------------- ------- ------- ------- ------
<S> <C> <C>
<C> <C> <C> <C>
N/A
Part II - Transactions performed by associate companies on behalf of reporting
companies
Direct
Indirect Total
Associate Company Reporting Company Types of
Services Costs Costs Cost of Amount
Rendering Services Receiving Services Rendered
Charged Charged Capital Billed
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Massachusetts Electric Granite State Energy, Miscellaneous
(5) (1) (1)
Company Inc.
Massachusetts Electric Wayfinder Group, Inc. Miscellaneous
(5) (1) (1) (1)
Company
New England Power Co. Wayfinder Group, Inc. Miscellaneous
(2) (1) (1)
Granite State Electric Co. Wayfinder Group, Inc.
Miscellaneous (1) (1)
The Narragansett
Electric Co. Wayfinder Group, Inc. Miscellaneous (3)
(1) (1) (1)
National Grid USA Wayfinder Group, Inc. Miscellaneous
(6) $0.5 (1) (1) $0.6
Service Co., Inc. Information
Services
(1) (1) (1) (1)
Corp. Acctg.
(1) (1) (1) (1)
National Grid USA New England Energy, Inc. Miscellaneous
(2) (1) (1) (1) (1)
Service Co., Inc.
National Grid USA Granite State Energy, Miscellaneous (3)
(1) (1)
Service Co., Inc. Inc.
National Grid USA AllEnergy Marketing Human
Resources $0.2 $0.2
Service Co., Inc. Company, L.L.C. Corp.
Acctg. (1) (1) (1) (1)
Miscellaneous (4)
(1) (1) (1) (1)
<FN>
(1) Amounts are below $100,000
(2) Represents 3 types of services totaling less than $100,000 in
aggregate.
(3) Represents 2 types of services totaling less than $100,000 in
aggregate.
(4) Represents 7 types of services totaling less than $100,000 in
aggregate.
(5) Represents 4 types of services totaling less than $100,000 in
aggregate.
(6) Represents 8 types of services totaling less than $100,000 in
aggregate.
(7)The customer service portion of the service agreement between Granite State
Energy, Inc. and National Grid USA
Service Company, Inc. has been assigned to Massachusetts Electric
Company, in accordance with its terms.
</FN>
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NATIONAL GRID USA
At March 31, 2000
ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT
(expressed in millions, rounded to hundred thousands of
dollars)
<S> <C>
<C>
Investment in energy-related companies:
Total consolidated capitalization as of
March 31, 2000 $5,154.8 (1) line 1
Total capitalization multiplied by 15 percent 773.2 line 2
(line 1 multiplied by 0.15)
Greater of $50 million or line 2 773.2 line 3
Total current aggregate investment:
(categorized by major line of energy-
related business)
Power marketing and other $ 227.8
Energy software 2.2
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Total current aggregate investment $230.0 line 4
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Difference between the greater of $50 million
or 15 percent of capitalization and the total
aggregate investment of the registered holding
company system
(line 3 less line 4) $543.2 line 5
<FN>
(1)Consolidated capitalization includes total common equity, cumulative
preferred stock, long-term debt (including long-term debt due within
one year), and short-term debt.
</FN>
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NATIONAL GRID USA
For The Quarter Ended March 31, 2000
ITEM 5 - OTHER INVESTMENTS
Reason for
Major Line Other Other Difference
or Energy-Related Investment in Investment in Other
Business Last U-9C-3 Report in U-9C-3 Report Investment
----------------- ------------------ ---------------- ----------
Power Marketing $21.9 $0 Investments
and Other made prior to
the effective
date of Rule 58
<PAGE>NATIONAL GRID USA
For The Quarter Ended March 31, 2000
ITEM 6 - FINANCIAL STATEMENTS AND EXHIBITS
(A)Exhibits
1Certificate stating that a copy of the report for the previous quarter
has been filed with interested state commissions.
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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 report to be signed on its
behalf by the undersigned officer thereunto duly authorized.
NATIONAL GRID USA
s/ John G. Cochrane
_______________________________
John G. Cochrane, Treasurer
Date: June 20, 2000
