SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
___________
ANNUAL REPORT
Pursuant to Section 15(d) of the
Securities Exchange Act of 1934
For Fiscal Year Ended December 31, 2000
__________
National Grid USA Companies' Incentive Thrift Plan I
25 Research Drive
Westborough, MA 01582
National Grid USA
25 Research Drive
Westborough, MA 01582
Financial Statements:
* Financial Statements of National Grid USA Companies' Incentive Thrift
Plan I
Exhibits:
Consent of PricewaterhouseCoopers LLP
*Filed Under Cover of Form SE
SIGNATURE
---------
The Benefits Committee (Plan Administrator for the National Grid USA
Companies' Incentive Thrift Plan I) has duly caused this annual report to be
signed by the undersigned thereunto duly authorized.
Benefits Committee
s/John G. Cochrane
By
John G. Cochrane, Chairman
Date: June 27, 2001
EXHIBIT INDEX
Exhibit Description Page
- ------- ----------- ----
Financial Statements Filed under cover
of Form SE
Consent of Independent Certified Filed herewith
Public Accountants
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in the
Registration Statement on Form S-8 (File No. 33-33094) of the
National Grid USA Companies' Incentive Thrift Plan I of our
report dated June 25, 2001 relating to the financial statements
of the National Grid USA Companies' Incentive Thrift Plan I,
which appears in this Form 11-K.
s/PricewaterhouseCoopers LLP
Boston, Massachusetts
June 25, 2001