Davis Polk advised the joint book-running managers in connection with a Rule 144A/Regulation S offering of $600 million aggregate principal amount of 3.395% senior notes due 2030 by The Narragansett Electric Company.

Based in Providence, Rhode Island, The Narragansett Electric Company provides electric service to approximately 506,000 electric customers and gas service to approximately 273,000 natural gas customers in Rhode Island. The Narragansett Electric Company is a direct wholly owned subsidiary of National Grid USA, which in turn is an indirect wholly owned subsidiary of National Grid plc, an international electricity and natural gas energy delivery company based in the United Kingdom.

The Davis Polk corporate team included partner Reuven B. Young and associate Alexander W. Simmonds. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Counsel Loyti Cheng and associate Michael Comstock provided environmental advice. Members of the Davis Polk team are based in the London and New York offices.

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