Niagara Mohawk Power Corp., founded in 1902 and based in Syracuse, New York, is a major utility company serving the electricity and natural gas needs of more than 1.5 million customers in Upstate New York. As a subsidiary of National Grid plc, it specializes in the delivery of reliable energy, focused on sustainable practices and innovative solutions for energy efficiency.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Niagara Mohawk has been an active issuer of bonds, with the first significant issuance occurring in the early 1990s to fund infrastructure improvements. Notably, in 2020, the company issued $600 million in green bonds to finance renewable energy projects, showcasing its commitment to sustainability. Current yields on its bonds are competitive within the utility sector, reflecting investor confidence, and the bonds typically feature robust covenants assuring protection for investors, further underpinning the company's financial strength amid industry trends.