Niagara Mohawk Power’s new holding company structure, which isexpected to receive regulatory approval in the first quarter of1999, will be called Niagara Mohawk Holdings Inc. William E. Davis,currently Niagara Mohawk Power chairman and CEO, will becomechairman and CEO of Niagara Mohawk Holdings. Niagara MohawkHoldings will succeed Niagara Mohawk Power as the sole entity inwhich common stock is held.
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FERC OKs Merger of Kentucky Utilities
Kentucky’s two largest electric utilities – Louisville Gas andElectric (LG&E) and Kentucky Utilities (KU) – won final FERCapproval for their merger Wednesday, paving the way for itscompletion sometime in the second quarter, the utilities said.
March 26, 1998
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