<PAGE>
File No.70-9109
CERTIFICATE OF NOTIFICATION
(Rule 24)
SECURITIES AND EXCHANGE COMMISSION
by
NATIONAL GRID USA
It is hereby certified that the transactions detailed below, which were
covered by the Statement on Form U-l as amended and the Order of the
Securities and Exchange Commission dated December 10, 1997 with respect
thereto, have been carried out in accordance with the terms and conditions of
and for the purposes represented in said Statement and Order of the Commission
as follows:
During the quarter ended March 31, 2000, National Grid USA made new money
borrowings as indicated in Exhibit A-1 hereto. The maximum concurrent amount
of short term borrowings outstanding during the quarter and the amount
outstanding at the end of the quarter is shown in Exhibit A-1.
SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company Act of
l935, the undersigned company has duly caused this certificate of notification
to be signed on its behalf by the undersigned officer thereunto duly
authorized.
National Grid USA
s/John G. Cochrane
By
John G. Cochrane
Vice President and
Treasurer
Date: May 15, 2000
<PAGE>EXHIBIT LOG
Exhibit No. Description Page
- ----------- ----------- ----
A-1 Borrowing Log Filed herewith
<PAGE><TABLE>
<CAPTION>
NEES COMMERCIAL PAPER
Borrowing Number Nominal Effective
Daily Total Maturity Total
Date Type DEALER New/Roll Amount of Days Rate
Rate Proceeds Interest Interest Date Outstanding
<S> <C> <C> <C> <C> <C> <C> <C> <C>
<C> <C> <C> <C>
1-Jan-00 CP MERRILL ROLL 9500000 4 5.5000%
5.5034% 9,494,194.44 $1,451.39 $5,805.56 5-Jan-00
1-Jan-00 CP FIRST BOS ROLL 7,400,000 3 4.5000%
4.5017% 7,397,225.00 $925.00 $2,775.00 4-Jan-00
1-Jan-00 CP FIRST BOS ROLL 5100000 3 5.4000%
5.4024% 5,097,705.00 $765.00 $2,295.00 4-Jan-00
$22,000,000
2-Jan-00
3-Jan-00 CP MERRILL NEW 10,000,000 3 5.7500%
5.7528% 9,995,208.33 $1,597.22 $4,791.67 6-Jan-00
3-Jan-00 CP MERRILL NEW 9,675,000 4 5.7500%
5.7537% 9,668,818.75 $1,545.31 $6,181.25 7-Jan-00
3-Jan-00 CP FIRST BOS NEW 13,600,000 7 5.7500%
5.7564% 13,584,794.44 $2,172.22 $15,205.56 10-Jan-00
$55,275,000
4-Jan-00 CP FIRST BOS ROLL 12,500,000 7 5.5000%
5.5059% 12,486,631.94 $1,909.72 $13,368.06 11-Jan-00
4-Jan-00 CP FIRST BOS NEW 100,000 7 5.5000%
5.5059% 99,893.06 $15.28 $106.94 11-Jan-00 $55,375,000
5-Jan-00 CP MERRILL ROLL 9,500,000 7 5.6200%
5.6261% 9,489,618.61 $1,483.06 $10,381.39 12-Jan-00
$55,375,000
6-Jan-00 CP MERRILL ROLL 7,000,000 7 5.6000%
5.6061% 6,992,377.78 $1,088.89 $7,622.22 13-Jan-00
$52,375,000
7-Jan-00 CP MERRILL ROLL 9,675,000 7 5.6000%
5.6061% 9,664,465.00 $1,505.00 $10,535.00 14-Jan-00
7-Jan-00 CP MERRILL NEW 100,000 7 5.6000%
5.6061% 99,891.11 $15.56 $108.89 14-Jan-00 $52,475,000
8-Jan-00
9-Jan-00
10-Jan-00 CP FIRST BOS ROLL 6,900,000 3 5.6500%
5.6527% 6,896,751.25 $1,082.92 $3,248.75
13-Jan-00
10-Jan-00 CP FIRST BOS ROLL 6,700,000 4 5.6500%
5.6535% 6,695,793.89 $1,051.53 $4,206.11 14-Jan-00
10-Jan-00 CP FIRST BOS NEW 225,000 4 5.6500%
5.6535% 224,858.75 $35.31 $141.25 14-Jan-00 $52,700,000
11-Jan-00 CP FIRST BOS ROLL 12,600,000 7 5.7000%
5.7063% 12,586,035.00 $1,995.00 $13,965.00 18-Jan-00
11-Jan-00 CP FIRST BOS NEW 2,575,000 7 5.7000%
5.7063% 2,572,146.04 $407.71 $2,853.96 18-Jan-00
$55,275,000
12-Jan-00 CP MERRILL ROLL 9,500,000 7 5.6300%
5.6362% 9,489,600.14 $1,485.69 $10,399.86 19-Jan-00
$55,275,000
13-Jan-00 CP MERRILL ROLL 7,000,000 7 5.6000%
5.6061% 6,992,377.78 $1,088.89 $7,622.22 20-Jan-00
13-Jan-00 CP FIRST BOS ROLL 6,900,000 8 5.6000%
5.6070% 6,891,413.33 $1,073.33 $8,586.67 21-Jan-00
13-Jan-00 CP FIRST BOS NEW 250,000 8 5.6000%
5.6070% 249,688.89 $38.89 $311.11 21-Jan-00 $55,525,000
14-Jan-00 CP MERRILL ROLL 9,775,000 7 5.5700%
5.5760% 9,764,413.13 $1,512.41 $10,586.87 21-Jan-00
14-Jan-00 CP FIRST BOS ROLL 4,125,000 5 5.5000%
5.5042% 4,121,848.96 $630.21 $3,151.04 19-Jan-00
$52,725,000
15-Jan-00
16-Jan-00
17-Jan-00
18-Jan-00 CP FIRST BOS ROLL 15,175,000 6 5.7000%
5.7054% 15,160,583.75 $2,402.71 $14,416.25 24-Jan-00
18-Jan-00 CP FIRST BOS NEW 325,000 6 5.7000%
5.7054% 324,691.25 $51.46 $308.75 24-Jan-00
18-Jan-00 CP FIRST BOS NEW 6,525,000 7 5.7000%
5.7063% 6,517,768.13 $1,033.13 $7,231.88 25-Jan-00
$59,575,000
19-Jan-00 CP MERRILL ROLL 9,500,000 7 5.5800%
5.5861% 9,489,692.50 $1,472.50 $10,307.50 26-Jan-00
<PAGE>
19-Jan-00 CP MERRILL NEW 175,000 7 5.5800%
5.5861% 174,810.13 $27.13 $189.88 26-Jan-00
19-Jan-00 CP FIRST BOS ROLL 4,125,000 6 5.5700%
5.5752% 4,121,170.63 $638.23 $3,829.38 25-Jan-00
$59,750,000
20-Jan-00 CP MERRILL ROLL 7,000,000 7 5.5500%
5.5560% 6,992,445.83 $1,079.17 $7,554.17 27-Jan-00
20-Jan-00 CP MERRILL NEW 25,000 7 5.5500%
5.5560% 24,973.02 $3.85 $26.98 27-Jan-00 $59,775,000
21-Jan-00 CP MERRILL ROLL 9,775,000 7 5.5500%
5.5560% 9,764,451.15 $1,506.98 $10,548.85 28-Jan-00
21-Jan-00 CP FIRST BOS ROLL 3,725,000 6 5.5000%
5.5050% 3,721,585.42 $569.10 $3,414.58 27-Jan-00
$56,350,000
22-Jan-00
23-Jan-00
24-Jan-00 CP FIRST BOS ROLL 15,500,000 7 5.5800%
5.5861% 15,483,182.50 $2,402.50 $16,817.50 31-Jan-00
24-Jan-00 CP FIRST BOS NEW 200,000 7 5.5800%
5.5861% 199,783.00 $31.00 $217.00 31-Jan-00 $56,550,000
25-Jan-00 CP FIRST BOS ROLL 10,650,000 7 5.5500%
5.5560% 10,638,506.88 $1,641.88 $11,493.13 1-Feb-00
$56,550,000
26-Jan-00 CP MERRILL ROLL 9,675,000 7 5.6000%
5.6061% 9,664,465.00 $1,505.00 $10,535.00 2-Feb-00
26-Jan-00 CP MERRILL NEW 625,000 7 5.6000%
5.6061% 624,319.44 $97.22 $680.56 2-Feb-00 $57,175,000
27-Jan-00 CP FIRST BOS ROLL 3,725,000 7 5.6000%
5.6061% 3,720,943.89 $579.44 $4,056.11 3-Feb-00
27-Jan-00 CP MERRILL ROLL 7,025,000 7 5.6500%
5.6562% 7,017,282.26 $1,102.53 $7,717.74 3-Feb-00
$57,175,000
28-Jan-00 CP MERRILL ROLL 9,775,000 7 5.6200%
5.6261% 9,764,318.10 $1,525.99 $10,681.90 4-Feb-00
28-Jan-00 CP MERRILL NEW 825,000 7 5.6200%
5.6261% 824,098.46 $128.79 $901.54 4-Feb-00 $58,000,000
29-Jan-00
30-Jan-00
31-Jan-00 CP FIRST BOS ROLL 15,700,000 7 5.8500%
5.8567% 15,682,141.25 $2,551.25 $17,858.75 7-Feb-00
31-Jan-00 CP FIRST BOS NEW 7,475,000 8 5.8500%
5.8576% 7,465,282.50 $1,214.69 $9,717.50 8-Feb-00
$65,475,000
1-Feb-00 CP FIRST BOS ROLL 10,650,000 8 5.8500%
5.8576% 10,636,155.00 $1,730.63 $13,845.00 9-Feb-00
1-Feb-00 CP FIRST BOS NEW 550,000 8 5.8500%
5.8576% 549,285.00 $89.38 $715.00 9-Feb-00 $66,025,000
2-Feb-00 CP MERRILL ROLL 10,300,000 8 5.8500%
5.8576% 10,286,610.00 $1,673.75 $13,390.00 10-Feb-00
$66,025,000
3-Feb-00 CP MERRILL ROLL 4,525,000 8 5.8000%
5.8075% 4,519,167.78 $729.03 $5,832.22 11-Feb-00
3-Feb-00 CP FIRST BOS ROLL 3,725,000 5 5.7300%
5.7346% 3,722,035.52 $592.90 $2,964.48 8-Feb-00
$63,525,000
4-Feb-00 CP MERRILL ROLL 10,600,000 7 5.7800%
5.7865% 10,588,086.78 $1,701.89 $11,913.22 11-Feb-00
4-Feb-00 CP MERRILL NEW 350,000 7 5.7800%
5.7865% 349,606.64 $56.19 $393.36 11-Feb-00 $63,875,000
5-Feb-00
6-Feb-00
7-Feb-00 CP FIRST BOS ROLL 15,000,000 7 5.7700%
5.7765% 14,983,170.83 $2,404.17 $16,829.17 14-Feb-00
$63,175,000
8-Feb-00 CP FIRST BOS ROLL 11,200,000 7 5.7500%
5.7564% 11,187,477.78 $1,788.89 $12,522.22 15-Feb-00
8-Feb-00 CP FIRST BOS NEW 100,000 7 5.7500%
5.7564% 99,888.19 $15.97 $111.81 15-Feb-00 $63,275,000
9-Feb-00 CP FIRST BOS ROLL 11,100,000 7 5.7800%
5.7865% 11,087,524.83 $1,782.17 $12,475.17 16-Feb-00
$63,175,000
10-Feb-00 CP MERRILL ROLL 10,300,000 7 5.7800%
5.7865% 10,288,423.94 $1,653.72 $11,576.06 17-Feb-00
10-Feb-00 CP MERRILL NEW 100,000 7 5.7800%
5.7865% 99,887.61 $16.06 $112.39 17-Feb-00 $63,275,000
11-Feb-00 CP MERRILL ROLL 12,475,000 7 5.7500%
5.7564% 12,461,052.26 $1,992.53 $13,947.74 18-Feb-00
$60,275,000
12-Feb-00
13-Feb-00
14-Feb-00 CP FIRST BOS ROLL 14,925,000 8 5.8000%
5.8075% 14,905,763.33 $2,404.58 $19,236.67 22-Feb-00
$60,200,000
15-Feb-00 CP FIRST BOS ROLL 11,300,000 8 5.8300%
5.8376% 11,285,360.22 $1,829.97 $14,639.78 23-Feb-00
15-Feb-00 CP FIRST BOS NEW 3,250,000 8 5.8300%
5.8376% 3,245,789.44 $526.32 $4,210.56 23-Feb-00
$63,450,000
16-Feb-00 CP FIRST BOS ROLL 11,100,000 8 5.7700%
5.7774% 11,085,767.33 $1,779.08 $14,232.67 24-Feb-00
16-Feb-00 CP FIRST BOS NEW 475,000 8 5.7700%
5.7774% 474,390.94 $76.13 $609.06 24-Feb-00 $63,925,000
<PAGE>
17-Feb-00 CP MERRILL ROLL 10,400,000 8 5.7800%
5.7874% 10,386,641.78 $1,669.78 $13,358.22 25-Feb-00
$63,925,000
18-Feb-00 CP MERRILL ROLL 12,475,000 10 5.7500%
5.7592% 12,455,074.65 $1,992.53 $19,925.35 28-Feb-00
18-Feb-00 CP MERRILL NEW 5,050,000 7 5.7500%
5.7564% 5,044,353.82 $806.60 $5,646.18 25-Feb-00
$68,975,000
19-Feb-00
20-Feb-00
21-Feb-00 $0.00 $0.00
21-Feb-00 $68,975,000
22-Feb-00 CP FIRST BOS ROLL 14,925,000 7 5.8200%
5.8266% 14,908,109.88 $2,412.88 $16,890.13 29-Feb-00
22-Feb-00 CP FIRST BOS NEW 150,000 7 5.8200%
5.8266% 149,830.25 $24.25 $169.75 29-Feb-00 $69,125,000
23-Feb-00 CP FIRST BOS ROLL 14,550,000 7 5.8000%
5.8065% 14,533,590.83 $2,344.17 $16,409.17 1-Mar-00
23-Feb-00 CP FIRST BOS NEW 200,000 7 5.8000%
5.8065% 199,774.44 $32.22 $225.56 1-Mar-00 $69,325,000
24-Feb-00 CP FIRST BOS ROLL 11,575,000 7 5.8000%
5.8065% 11,561,945.97 $1,864.86 $13,054.03 2-Mar-00
24-Feb-00 CP FIRST BOS NEW 75,000 7 5.8000%
5.8065% 74,915.42 $12.08 $84.58 2-Mar-00 $69,400,000
25-Feb-00 CP MERRILL ROLL 15,400,000 7 5.8000%
5.8065% 15,382,632.22 $2,481.11 $17,367.78 3-Mar-00
$69,350,000
26-Feb-00
27-Feb-00
28-Feb-00 CP MERRILL ROLL 12,475,000 7 5.8500%
5.8567% 12,460,809.69 $2,027.19 $14,190.31 6-Mar-00
28-Feb-00 CP MERRILL NEW 275,000 7 5.8500%
5.8567% 274,687.19 $44.69 $312.81 6-Mar-00 $69,625,000
29-Feb-00 CP FIRST BOS ROLL 15,075,000 7 5.8500%
5.8567% 15,057,852.19 $2,449.69 $17,147.81 7-Mar-00
29-Feb-00 CP FIRST BOS NEW 5,000,000 7 5.8500%
5.8567% 4,994,312.50 $812.50 $5,687.50 7-Mar-00
$74,625,000
1-Mar-00 CP FIRST BOS ROLL 14,750,000 7 5.8200%
5.8266% 14,733,307.92 $2,384.58 $16,692.08 8-Mar-00
$74,625,000
2-Mar-00 CP FIRST BOS ROLL 11,650,000 7 5.8200%
5.8266% 11,636,816.08 $1,883.42 $13,183.92 9-Mar-00
$74,625,000
3-Mar-00 CP MERRILL ROLL 15,400,000 7 5.8000%
5.8065% 15,382,632.22 $2,481.11 $17,367.78 10-Mar-00
3-Mar-00 CP MERRILL NEW 100,000 7 5.8000%
5.8065% 99,887.22 $16.11 $112.78 10-Mar-00 $74,725,000
4-Mar-00
5-Mar-00
6-Mar-00 CP MERRILL ROLL 12,750,000 7 5.8200%
5.8266% 12,735,571.25 $2,061.25 $14,428.75 13-Mar-00
6-Mar-00 CP MERRILL NEW 275,000 7 5.8200%
5.8266% 274,688.79 $44.46 $311.21 13-Mar-00 $75,000,000
7-Mar-00 CP FIRST BOS ROLL 20,075,000 7 5.7800%
5.7865% 20,052,437.93 $3,223.15 $22,562.07 14-Mar-00
7-Mar-00 CP FIRST BOS NEW 125,000 7 5.7800%
5.7865% 124,859.51 $20.07 $140.49 14-Mar-00 $75,125,000
8-Mar-00 CP FIRST BOS ROLL 14,450,000 7 5.7800%
5.7865% 14,433,759.81 $2,320.03 $16,240.19 15-Mar-00
$74,825,000
9-Mar-00 CP MERRILL ROLL 9,200,000 4 5.7800%
5.7837% 9,194,091.56 $1,477.11 $5,908.44 13-Mar-00
$72,375,000
10-Mar-00 CP MERRILL ROLL 15,500,000 3 5.7500%
5.7528% 15,492,572.92 $2,475.69 $7,427.08 13-Mar-00
10-Mar-00 CP MERRILL NEW 75,000 3 5.7500%
5.7528% 74,964.06 $11.98 $35.94 13-Mar-00 $72,450,000
11-Mar-00
12-Mar-00
13-Mar-00 CP MERRILL ROLL 28,600,000 1 5.8500%
5.8510% 28,595,352.50 $4,647.50 $4,647.50 14-Mar-00
13-Mar-00 CP MERRILL NEW 650,000 1 5.8500%
5.8510% 649,894.38 $105.63 $105.63 14-Mar-00
13-Mar-00 CP FIRST BOS ROLL 9,200,000 1 5.8400%
5.8409% 9,198,507.56 $1,492.44 $1,492.44 14-Mar-00
$73,100,000
14-Mar-00 CP MERRILL ROLL 29,250,000 1 5.8500%
5.8510% 29,245,246.88 $4,753.13 $4,753.13 15-Mar-00
14-Mar-00 CP FIRST BOS ROLL 29,400,000 1 5.8400%
5.8409% 29,395,230.67 $4,769.33 $4,769.33 15-Mar-00
$73,100,000
15-Mar-00 CP MERRILL ROLL 29,250,000 1 6.0000%
6.0010% 29,245,125.00 $4,875.00 $4,875.00 16-Mar-00
15-Mar-00 CP MERRILL NEW 2,975,000 1 6.0000%
6.0010% 2,974,504.17 $495.83 $495.83 16-Mar-00
15-Mar-00 CP FIRST BOS ROLL 43,850,000 1 5.9500%
5.9510% 43,842,752.57 $7,247.43 $7,247.43 16-Mar-00
$76,075,000
16-Mar-00 CP MERRILL ROLL 32,225,000 1 5.8000%
5.8009% 32,219,808.19 $5,191.81 $5,191.81 17-Mar-00
<PAGE>
16-Mar-00 CP MERRILL NEW 525,000 1 5.8000%
5.8009% 524,915.42 $84.58 $84.58 17-Mar-00
16-Mar-00 CP FIRST BOS ROLL 43,850,000 1 5.7800%
5.7809% 43,842,959.64 $7,040.36 $7,040.36 17-Mar-00
$76,600,000
17-Mar-00 CP MERRILL ROLL 29,750,000 3 5.8000%
5.8028% 29,735,620.83 $4,793.06 $14,379.17 20-Mar-00
17-Mar-00 CP FIRST BOS ROLL 43,850,000 3 5.7500%
5.7528% 43,828,988.54 $7,003.82 $21,011.46 20-Mar-00
$73,600,000
18-Mar-00
19-Mar-00
20-Mar-00 CP FIRST BOS ROLL 43,850,000 2 5.9300%
5.9320% 43,835,553.86 $7,223.07 $14,446.14 22-Mar-00
20-Mar-00 CP MERRILL ROLL 29,750,000 1 5.9200%
5.9210% 29,745,107.78 $4,892.22 $4,892.22 21-Mar-00
20-Mar-00 CP MERRILL NEW 300,000 1 5.9200%
5.9210% 299,950.67 $49.33 $49.33 21-Mar-00 $73,900,000
21-Mar-00 CP MERRILL ROLL 24,050,000 1 5.9300%
5.9310% 24,046,038.43 $3,961.57 $3,961.57 22-Mar-00
$67,900,000
22-Mar-00
22-Mar-00
23-Mar-00
23-Mar-00
24-Mar-00
24-Mar-00
25-Mar-00
26-Mar-00
27-Mar-00
27-Mar-00
28-Mar-00
28-Mar-00
29-Mar-00
29-Mar-00
30-Mar-00
30-Mar-00
31-Mar-00
31-Mar-00
</TABLE>
