"Davis Polk Advises on $350 Million Senior Notes Offering for New England Power Company"

"Davis Polk advised joint book-running managers on a $350 million offering of 5.848% senior notes due 2055 for New England Power Company, a subsidiary of National Grid USA. The Davis Polk team included experts in corporate, tax, and environmental law, with members based in London and New York."

Davis Polk & Wardwell LLP advised the joint book-running managers in connection with a Rule 144A / Regulation S offering of $350 million aggregate principal amount of 5.848% senior notes due 2055 by New England Power Company. The transaction involved the issuance of senior notes by New England Power Company, which operates electric transmission facilities in Massachusetts, New Hampshire, and Vermont. New England Power Company is an indirect wholly owned subsidiary of National Grid USA, which is itself an indirect wholly owned subsidiary of National Grid plc, a UK-based international electricity and natural gas energy delivery company. The Davis Polk corporate team included partner Reuven B. Young, counsel Christopher Diel, and associate Mary Valtas. Counsel Alon Gurfinkel and associate Ya Sheng Lin provided tax advice, while counsel Michael Comstock and associate Timothy J. Sullivan offered environmental advice. Members of the Davis Polk team are based in the London and New York offices.

"Davis Polk Advises on $350 Million Senior Notes Offering for New England Power Company"

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