Niagara Mohawk Power Corporation PFD 3.40%
NMPWP
Other OTC56.00
USD
- -
- -
CIK
0001004315
ISIN
US6535222011
CUSIP
653522201
Return %
Stock
S&P500
1Y
1.82
19.01
3Y
-15.09
65.48
5Y
-36.90
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Sally Librera
- Sector
- Utilities
- Industry
- Regulated Electric
- Address
- 300 Erie Boulevard West Syracuse NY United States of America 13202
- IPO Date
- Jan 31, 2012
- CIK
- 0001004315
- Website
- nimo.com
- Similar Companies
- Business
- Niagara Mohawk Power Corporation is a regulated energy delivery company principally engaged in the transmission, distribution, and sale of electricity and natural gas in New York State. The company provides electric service to approximately 1.7 million customers in eastern, central, northern, and western New York, and delivers natural gas to nearly 0.6 million customers in central, northern, and eastern New York. Its core products and services include electricity generation through various means, electric and natural gas distribution, transmission services, and compliance with renewable energy standards via Renewable Energy Credits (RECs) and Zero-Emissions Credits (ZECs). The company operates within regulated utility segments under New York State jurisdiction. Founded in 1950 and headquartered in New York, Niagara Mohawk Power Corporation is a wholly owned subsidiary of Niagara Mohawk Holdings, Inc., which itself is a wholly owned subsidiary of National Grid USA, part of the UK-based National Grid plc. The company’s operations reflect a full utility value chain from power generation, transmission, and distribution to retail energy delivery. Major recent corporate developments include continuous investments in infrastructure to support New York's renewable energy goals, ongoing participation in New York Independent System Operator (NYISO) auctions for transmission congestion contracts, and strategic alignment under National Grid USA’s umbrella to enhance operational efficiency and regulatory compliance. In the last 1–2 years, Niagara Mohawk Power Corporation has focused on expanding its renewable energy compliance capabilities through state-mandated REC and ZEC programs, supporting new renewable generation and nuclear power plants. The company has maintained stable operating revenues exceeding $4.6 billion as of fiscal 2025, with significant capital contributions reflecting investment in property, plant, and equipment to sustain and grow grid service reliability and capacity. Financially, it completed a notable $1.25 billion senior notes offering in mid-2025 to strengthen its capital structure and support ongoing utility operations and infrastructure modernization. Niagara Mohawk Power Corporation’s integrated utility services cover electricity and gas supply, distribution, renewable energy credit trading, and energy storage facilitation to meet regulated market requirements and serve residential, commercial, and industrial customers across its New York service territories. The company maintains compliance with evolving regulatory requirements while enhancing grid reliability and sustainability measures to support New York State’s energy transition objectives. Its historical roots in hydroelectricity and diverse energy resource generation continue to influence its operational focus within the energy delivery sector. This comprehensive operational profile positions Niagara Mohawk Power Corporation as a principal regulated utility serving significant portions of New York State, combining legacy energy infrastructure with modern renewable obligations and investment under a global energy holding structure. This ensures it remains a pivotal player in the regional energy market with a robust product and service portfolio aligned with regulatory, environmental, and customer demand trends.