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<div align="center">As filed with the Securities and Exchange Commission on
August 7, 2003<br><br></div>
<div align="right">Registration No. _________<br><br></div>
<div align="center">SECURITIES AND EXCHANGE COMMISSION<br>WASHINGTON, D.C.
20549<br>__________________<br><br>FORM S-8<br>REGISTRATION
STATEMENT<br>UNDER<br>THE SECURITIES ACT OF
1933<br>__________________<br><br><br>NATIONAL GRID TRANSCO PLC<br>(formerly
known as National Grid Group plc)<br><br>(Exact name of registrant as specified
in its charter)<br><br>__________________<br><br></div>
<div align="center" style="position:relative; left: -5"><table >
<tr valign="top">
<td width="326.666585" colspan="1" rowspan="1" valign="top">
<div align="center">England and Wales<br>(Jurisdiction of incorporation or
organization)<br></div>
</td>
<td width="326.666585" colspan="1" rowspan="1" valign="top">
<div align="center">98-0367158<br>(I.R.S. employer identification no.)<br></div>
</td>
</tr>
</table></div>
<div align="center"><br>1-3 Strand, London WC2N 5EH, England<br>(Address of
principal executive offices)<br><br>__________________<br><br><br>National Grid
Transco plc Performance Share Plan <br><br>(Full title of the
plan)<br><br>__________________<br></div>
<div><br></div>
<div align="center" style="position:relative; left: 50"><table >
<tr valign="top">
<td width="278.666597" colspan="1" rowspan="1" valign="top">
<div>Lawrence J. Reilly<br>Senior Vice President and<br>General
Counsel<br>National Grid USA<br>25 Research Drive<br>Westborough, MA
01582<br>(508) 389-2000<br></div>
</td>
<td width="238.666607" colspan="1" rowspan="1" valign="top">
<div>John G. Cochrane<br>Senior Vice President and<br>Chief Financial
Officer<br>National Grid USA<br>25 Research Drive<br>Westborough, MA
01582<br>(508) 389-2000<br></div>
</td>
</tr>
</table></div><br>
<div align="center"> (Names, addresses and telephone numbers of agents for
service)<br></div>
<div align=center><br>         Copies to:<br><br></div>
<div align="center" style="position:relative; left: 50"><table >
<tr valign="top">
<td width="279.999930" colspan="1" rowspan="1" valign="top">
<div>Helen Mahy<br><br>National Grid Transco plc<br>1-3
Strand<br>London WC2N 5EH<br>England<br></div>
</td>
<td width="239.999940" colspan="1" rowspan="1" valign="top">
<div>Kirk L. Ramsauer<br>Deputy General Counsel<br>National Grid USA<br>25
Research Drive<br>Westborough, MA 01582<br></div>
</td>
</tr>
</table></div><hr color=blue>
<div><br><br><br></div>
<div align="center">CALCULATION OF REGISTRATION FEE<br></div>
<div><br></div>
<div style="position:relative; left: -13"><table >
<tr valign="top">
<td width="145.333297" colspan="1" rowspan="1" valign="top">
<div align="center">Title of securities being registered
(1)(2)<br><u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u><br></div>
</td>
<td width="109.333306" colspan="1" rowspan="1" valign="top">
<div align="center">Amount to be
registered<br><u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u><br></div>
</td>
<td width="165.333292" colspan="1" rowspan="1" valign="top">
<div align="center">Proposed maximum offering price per share
(3)<br><u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u><br></div>
</td>
<td width="143.999964" colspan="1" rowspan="1" valign="top">
<div align="center">Proposed maximum aggregate offering
price<br><u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u><br></div>
</td>
<td width="143.999964" colspan="1" rowspan="1" valign="top">
<div align="center">Amount of<br>registration fee
(4)<br><u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u><br></div>
</td>
</tr>
<tr valign="top">
<td width="145.333297" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="109.333306" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="165.333292" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="143.999964" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="143.999964" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="145.333297" colspan="1" rowspan="1" valign="top">
<div align="center">Ordinary shares of<br>10 pence each<br></div>
</td>
<td width="109.333306" colspan="1" rowspan="1" valign="bottom">
<div align="center">13,000,000<br></div>
</td>
<td width="165.333292" colspan="1" rowspan="1" valign="bottom">
<div align="center">$6.079<br></div>
</td>
<td width="143.999964" colspan="1" rowspan="1" valign="bottom">
<div align="center">$79,027,000.00<br></div>
</td>
<td width="143.999964" colspan="1" rowspan="1" valign="bottom">
<div align="center">$6,393.28<br></div>
</td>
</tr>
</table></div>
<div><br></div>
<div style="position:relative; left: -1"><table >
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" valign="top">
<div>(1)<br></div>
</td>
<td width="582.666521" colspan="1" rowspan="1" valign="top">
<div>The 13,000,000 ordinary shares of National Grid Transco plc being
registered hereby will be issuable upon exercise of options granted to employees
of National Grid Transco plc and its subsidiaries in the United States pursuant
to the National Grid Transco plc Performance Share Plan (the
&#8220;Plan&#8221;).  In addition to the 13,000,000 ordinary shares indicated
above, pursuant to Rule 416 under the Securities Act of 1933, as amended (the
&#8220;Securities Act&#8221;), this registration statement also covers an
indeterminate number of ordinary shares which may be issuable pursuant to the
Plan in respect of the shares covered hereby pursuant to the operation of the
anti-dilution and option readjustment provisions of the Plan.<br></div>
</td>
</tr>
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="582.666521" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" valign="top">
<div>(2)<br></div>
</td>
<td width="582.666521" colspan="1" rowspan="1" valign="top">
<div>American Depositary Shares which may be issued with respect to ordinary
shares registered hereunder have been registered under a separate registration
statement on Form F-6 (no. 333-81390).<br></div>
</td>
</tr>
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="582.666521" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" valign="top">
<div>(3)<br></div>
</td>
<td width="582.666521" colspan="1" rowspan="1" valign="top">
<div>The maximum offering price per share used to calculate the registration fee
with respect to the ordinary shares issuable upon the exercise of options that
may be granted in the future under the Plan was estimated pursuant to Rule 457
under the Securities Act using the average of the high and low prices per share
of National Grid Transco plc American Depositary Shares (each of which
represents five ordinary shares) on the New York Stock Exchange on August 5,
2003.<br></div>
</td>
</tr>
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="582.666521" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" valign="top">
<div>(4)<br></div>
</td>
<td width="582.666521" colspan="1" rowspan="1" valign="top">
<div>The registration fee is offset in full by $6,393.28 of the registration fee
related to the registrant&#8217;s registration statement on Form S-8 (no.
333-103768), which was filed on March 12, 2003.<br></div>
</td>
</tr>
</table></div>
<div><br></div><hr color=blue>
<div align="center">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT<br></div>
<div><br>Item 3.  <u>Incorporation of Documents by Reference</u>.<br><br>&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;       The
following documents and information heretofore filed with the Securities and
Exchange Commission (the Commission) by the registrant are incorporated herein
by reference:<br><br></div>
<div style="position:relative; left: -1"><table >
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" valign="top">
<div>(a)<br></div>
</td>
<td width="570.666524" colspan="1" rowspan="1" valign="top">
<div>The registrant&#8217;s Annual Report on Form 20-F filed on June 11, 2003
(the &#8220;Form 20-F&#8221;), filed pursuant to the Securities Exchange Act of
1934, as amended (the &#8220;Exchange Act&#8221;), which includes audited
financial statements for the fiscal year ended March 31, 2003.<br></div>
</td>
</tr>
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="570.666524" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" valign="top">
<div>(b)<br></div>
</td>
<td width="570.666524" colspan="1" rowspan="1" valign="top">
<div>The description of the registrant&#8217;s ordinary shares as contained in
its registration statement on Form <br>20-F filed on October 4<b>, </b>1999<b>,
</b>including any amendment filed for the purpose of updating such
description.<br></div>
</td>
</tr>
</table></div>
<div><br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;         All reports subsequently filed by the registrant pursuant to Sections
13(a), 13(c), 14, and 15(d) of the Exchange Act, prior to the filing of a
post-effective amendment which indicates that all securities registered herein
have been sold or which deregisters all securities then remaining unsold, shall
be deemed incorporated by reference herein and to be a part hereof from the date
of the filing of such documents.<br><br>Item 4.      <u>Description of
Securities</u>.<br><br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;   Not applicable.<br><br>Item 5.     <u>Interests of Named
Experts and Counsel</u>.<br><br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;    Ms. Smith is employed as General Counsel to the
registrant and holds options to purchase 192,349 ordinary shares of National
Grid Transco plc under the National Grid Executive Share Option Scheme, the
National Grid Executive Share Option Plan 2000 and the National Grid Executive
Share Option Plan 2002. Ms. Smith also holds options over 24,922 shares under
the Performance Share Plan and 5,110 shares under the National Grid Savings
Related Share Option Scheme and The National Grid Group plc 1999 Savings Related
Share Option Scheme. Ms. Smith also holds 32,427 shares beneficially (including
shares acquired under The National Grid Group plc Share Matching Scheme and the
National Grid Group plc Share Matching Plan 2002, which would attract matching
awards totaling 6,810 shares if retained in accordance with the Scheme
Rules).<br><br>Item 6.     <u>Indemnification of Directors and Officers and
Limitation of Liability</u><br><br></div>
<div style="position:relative; left: 48"><table >
<tr valign="top">
<td width="597.333184" colspan="1" rowspan="1" valign="top">
<div>Indemnification of Directors and Officers of National Grid
Transco<br></div>
</td>
</tr>
<tr valign="top">
<td width="597.333184" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="597.333184" colspan="1" rowspan="1" valign="top">
<div>Article 162 of the Articles of Association of National Grid Transco
provides as follows:<br></div>
</td>
</tr>
<tr valign="top">
<td width="597.333184" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="597.333184" colspan="1" rowspan="1" valign="top">
<div>Subject to the Statutes [as defined in National Grid Transco&#8217;s
Articles of Association], the Company may indemnify any Director or other
officer against any liability.  Subject to those provisions, but without
prejudice to any indemnity to which the person concerned may otherwise be
entitled, every Director or other officer of the Company and the Auditors shall
be indemnified out of the assets of the Company against any liability incurred
by him as a Director, other officer of the Company or as Auditor in defending
any proceedings (whether civil or criminal) in which judgment is given in his
favour or he is acquitted or in connection with any application under the
Statutes in which relief is granted to him by the court.<br></div>
</td>
</tr>
</table></div>
<div><br>         Section 310 of the Companies Act 1985 of the United Kingdom (as
amended by Section 137 of the Companies Act 1989 of the United Kingdom) provides
as follows: <br><br></div>
<div style="position:relative; left: 48"><table >
<tr valign="top">
<td width="598.666517" colspan="2" rowspan="1" valign="top">
<div>310.   Provisions exempting officers and auditors from liability<br></div>
</td>
</tr>
<tr valign="top">
<td width="598.666517" colspan="2" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="598.666517" colspan="2" rowspan="1" valign="top">
<div>(1) This section applies to any provision, whether contained in a company's
articles or in any contract with the company or otherwise, for exempting any
officer of the company or any person (whether an officer or not) employed by the
company as auditor from, or indemnifying him against, any liability which by
virtue of any rule of law would otherwise attach to him in respect of any
negligence, default, breach of duty or breach of trust of which he may be guilty
in relation to the company. <br></div>
</td>
</tr>
<tr valign="top">
<td width="47.999988" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="549.333196" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="47.999988" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="549.333196" colspan="1" rowspan="1" valign="top">
<div>(2) Except as provided by the following subsection, any such provision is
void.<br></div>
</td>
</tr>
<tr valign="top">
<td width="47.999988" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="549.333196" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="47.999988" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="549.333196" colspan="1" rowspan="1" valign="top">
<div>(3) This section does not prevent a company<br></div>
</td>
</tr>
<tr valign="top">
<td width="47.999988" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="549.333196" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="47.999988" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="549.333196" colspan="1" rowspan="1" valign="top">
<div>&#160;&#160;&#160;&#160;&#160;(a) from purchasing and maintaining for any
such officer or auditor insurance against any such liability; or<br></div>
</td>
</tr>
<tr valign="top">
<td width="47.999988" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="549.333196" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="47.999988" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="549.333196" colspan="1" rowspan="1" valign="top">
<div>&#160;&#160;&#160;&#160;&#160;(b) from indemnifying any such officer or
auditor against any liability incurred by him<br></div>
</td>
</tr>
<tr valign="top">
<td width="47.999988" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="549.333196" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="47.999988" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="549.333196" colspan="1" rowspan="1" valign="top">
<div>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(i) in
defending any proceedings (whether civil or criminal) in which judgment is given
in his favour or he is acquitted, or<br></div>
</td>
</tr>
<tr valign="top">
<td width="47.999988" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="549.333196" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="47.999988" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="549.333196" colspan="1" rowspan="1" valign="top">
<div>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(ii) in
connection with any application under Section 144(3) or (4) (acquisition of
shares by innocent nominee) or Section 727 (general power to grant relief in
case of honest and reasonable conduct) in which relief is granted to him by the
court<br></div>
</td>
</tr>
<tr valign="top">
<td width="47.999988" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="549.333196" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="598.666517" colspan="2" rowspan="1" valign="top">
<div>Section 727 of the Companies Act 1985 of the United Kingdom provides as
follows:<br></div>
</td>
</tr>
<tr valign="top">
<td width="47.999988" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="549.333196" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="598.666517" colspan="2" rowspan="1" valign="top">
<div>727. Power of court to grant relief in certain cases<br></div>
</td>
</tr>
<tr valign="top">
<td width="47.999988" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="549.333196" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="598.666517" colspan="2" rowspan="1" valign="top">
<div>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(1) If in any proceedings
for negligence, default, breach of duty or breach of trust against an officer of
a company or a person employed by a company as auditor (whether he is or is not
an officer of the company) it appears to the court hearing the case that that
officer or person is or may be liable in respect of the negligence, default,
breach of duty or breach of trust, but that he has acted honestly and
reasonably, and that having regard to all the circumstances of the case
(including those connected with his appointment) he ought fairly to be excused
for the negligence, default, breach of duty or breach of trust, that court may
relieve him, either wholly or partly, from his liability on such terms as it
thinks fit.<br></div>
</td>
</tr>
<tr valign="top">
<td width="47.999988" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="549.333196" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="598.666517" colspan="2" rowspan="1" valign="top">
<div>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(2) If any such officer or
person as above-mentioned has reason to apprehend that any claim will or might
be made against him in respect of any negligence, default, breach of duty or
breach of trust, he may apply to the court for relief; and the court on the
application has the same power to relieve him as under this section it would
have had if it had been a court before which proceedings against that person for
negligence, default, breach of duty or breach of trust had been
brought.<br></div>
</td>
</tr>
<tr valign="top">
<td width="47.999988" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="549.333196" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="598.666517" colspan="2" rowspan="1" valign="top">
<div>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(3) Where a case to which
subsection (1) applies is being tried by a judge with a jury, the judge, after
hearing the evidence, may, if he is satisfied that the defendant or defender
ought in pursuance of that subsection to be relieved either in whole or in part
from the liability sought to be enforced against him, withdraw the case in whole
or in part from the jury and forthwith direct judgment to be entered for the
defendant or defender on such terms as to costs or otherwise as the judge may
think proper.<br></div>
</td>
</tr>
</table></div>
<div><br></div>
<div>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Insurance and
Agreements</u><br><br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;The registrant has not entered into
indemnity agreements with its directors and officers.<br><br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Grid
Transco provides officers' and directors' insurance to its officers and
directors.<br><br>Item 7.  <u>Exemption from Registration
Claimed</u>.<br><br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;      Not applicable.<br><br>Item
8.       <u>Exhibits</u>.<br><br></div>
<div style="position:relative; left: -1"><table >
<tr valign="top">
<td width="97.333309" colspan="1" rowspan="1" valign="top">
<div>Exhibit 4A<br></div>
</td>
<td width="557.333194" colspan="1" rowspan="1" valign="top">
<div>Memorandum and Articles of Association of National Grid Transco plc,
incorporated by reference to Exhibit 1 of the registrant&#8217;s 2003 Form 20-F,
filed on June 11, 2003, File No.1-14598<br></div>
</td>
</tr>
<tr valign="top">
<td width="97.333309" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="557.333194" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="97.333309" colspan="1" rowspan="1" valign="top">
<div>Exhibit 4B<br></div>
</td>
<td width="557.333194" colspan="1" rowspan="1" valign="top">
<div>National Grid Transco plc Performance Share Plan, incorporated by reference
to Exhibit 4(c)(iii) of the registrant&#8217;s 2003 Form 20-F filed on June 11,
2003, File No. 1-14598<br></div>
</td>
</tr>
<tr valign="top">
<td width="97.333309" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="557.333194" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="97.333309" colspan="1" rowspan="1" valign="top">
<div>Exhibit 5<br></div>
</td>
<td width="557.333194" colspan="1" rowspan="1" valign="top">
<div>Opinion and Consent of Fiona B. Smith, General Counsel of the
registrant<br></div>
</td>
</tr>
<tr valign="top">
<td width="97.333309" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="557.333194" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="97.333309" colspan="1" rowspan="1" valign="top">
<div>Exhibit 23<br></div>
</td>
<td width="557.333194" colspan="1" rowspan="1" valign="top">
<div>Consent of PricewaterhouseCoopers LLP re Form 20-F financial
statements<br></div>
</td>
</tr>
<tr valign="top">
<td width="97.333309" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="557.333194" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="97.333309" colspan="1" rowspan="1" valign="top">
<div>Exhibit 24<br></div>
</td>
<td width="557.333194" colspan="1" rowspan="1" valign="top">
<div>Powers of Attorney of the Directors<br></div>
</td>
</tr>
</table></div>
<div><br><br>Item 9.       <u>Undertakings</u>.<br><br> &nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;      The undersigned registrant
and, where applicable, the Plan, hereby undertake:<br><br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
   (1) To file, during
any period in which offers or sales are being made, a post-effective amendment
to this registration statement:<br><br></div>
<div style="position:relative; left: 63"><table >
<tr valign="top">
<td width="35.999991" colspan="1" rowspan="1" valign="top">
<div>(i)<br></div>
</td>
<td width="525.333202" colspan="1" rowspan="1" valign="top">
<div>To include any prospectus required by Section 10(a)(3) of the Securities
Act;<br></div>
</td>
</tr>
<tr valign="top">
<td width="35.999991" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="525.333202" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="35.999991" colspan="1" rowspan="1" valign="top">
<div>(ii)<br></div>
</td>
<td width="525.333202" colspan="1" rowspan="1" valign="top">
<div>To reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent post-effective
amendment thereof) which individually or in the aggregate, represent a
fundamental change in the information set forth in the registration statement.
Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of prospectus
filed with the Commission pursuant to Rule 424(b) (&#167;230.424(b) of this
chapter) if, in the aggregate, the changes in volume and price represent no more
than a 20% change in the maximum aggregate offering price set forth in the
&#8220;Calculation of Registration Fee&#8221; table in the effective
registration statement;<br></div>
</td>
</tr>
<tr valign="top">
<td width="35.999991" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="525.333202" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="35.999991" colspan="1" rowspan="1" valign="top">
<div>(iii)<br></div>
</td>
<td width="525.333202" colspan="1" rowspan="1" valign="top">
<div>To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or any
material change to such information in the registration statement;<br></div>
</td>
</tr>
</table></div>
<div><br>provided, however, that paragraphs (i) and (ii) above do not apply if
the information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Commission by the registrant pursuant to Section 13 or Section 15(d) of the
Exchange Act that are incorporated by reference in the registration
statement.<br><br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;         (2) That, for the purpose of determining any liability under
the Securities Act, each such post-effective amendment shall be deemed to be a
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.<br><br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;     (3) To remove from registration by means of a
post-effective amendment any of the securities being registered which remain
unsold at the termination of the offering.<br><br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  The undersigned registrant
hereby undertakes that, for purposes of determining any liability under the
Securities Act, each filing of the registrant&#8217;s annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each
filing of an employee benefit plan's annual report pursuant to Section 15(d) of
the Exchange Act) that is incorporated by reference in the registration
statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.<br><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  Insofar as
indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers, and controlling persons of the registrant
pursuant to the provisions discussed in item 6 hereof, or otherwise, the
registrant has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act and
is, therefore, unenforceable.  In the event that a claim for indemnification
against such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer, or controlling person of the registrant
in the successful defense of any action, suit, or proceeding) is asserted by
such director, officer, or controlling person in connection with the securities
being registered, the registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Securities Act and will be governed by
the final adjudication of such issue.<br><br></div> <hr color=blue>
<br>
<div align=center>SIGNATURES</div><br><br><div>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the
requirements of the Securities Act of 1933, the registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing
on Form S-8 and has duly caused this registration statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of London,
England, as of the 7th day of August, 2003.<br><br></div>
<div style="position:relative; left: 31"><table >
<tr valign="top">
<td width="305.333257" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="299.999925" colspan="1" rowspan="1" valign="top">
<div>NATIONAL GRID TRANSCO PLC<br><br></div>
</td>
</tr>
<tr valign="top">
<td width="305.333257" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="299.999925" colspan="1" rowspan="1" valign="top">
<div>By: <u>/s/ Roger
Urwin&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u><br></div>
</td>
</tr>
<tr valign="top">
<td width="305.333257" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="299.999925" colspan="1" rowspan="1" valign="top">
<div>Roger Urwin, Group Chief Executive<br></div>
</td>
</tr>
</table></div>
<div><br>Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by or on behalf of the following persons
in the capacities and on the dates indicated.<br><br></div>
<div style="position:relative; left: -5"><table >
<tr valign="top">
<td width="299.999925" colspan="1" rowspan="1" valign="top">
<div>Principal Executive Officer:<br><br><br><u>/s/ Roger
Urwin&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u><br>Roger
Urwin<br>Group Chief Executive<br>Date:  August 7, 2003<br><br><br>Principal
Financial Officer and<br>Principal Accounting Officer:<br><br><br><u>/s/ Stephen
Lucas&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u><br><font
face="Hewitt_CLogo">Stephen
Lucas</font><br><font face="Hewitt_CLogo">Group Finance Director</font><br>Date:
August 7, 2003<br><br>Authorized U.S. Representative <br>of the
registrant:<br><br><br><u>/s/ Lawrence J.
Reilly&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u><br>Lawrence
J. Reilly<br>General Counsel, National Grid USA<br>Date:  August 7,
2003<br></div>
</td>
<td width="351.999912" colspan="1" rowspan="1" valign="top">
<div>Directors (a majority):<br><br>Edward Astle*<br>Group Director,
Telecommunications<br><br>John Grant*<br>Non-executive Director<br><br>Kenneth
Harvey*<br>Non-executive Director<br><br>Steven Holliday*<br>Group Director, UK
and Europe<br><br>Paul Joskow*<br>Non-executive Director<br><br>Stephen
Lucas*<br>Group Finance Director<br><br>Sir John Parker*<br>Non-executive
Director<br>and Chairman <br><br><font face="Hewitt_CLogo">Stephen
Pettit*</font><br>Non-executive Director<br></div>
</td>
</tr>
<tr valign="top">
<td width="299.999925" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="351.999912" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="299.999925" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="351.999912" colspan="1" rowspan="1" valign="top">
<div>George Rose*<br>Non-executive Director<br></div>
</td>
</tr>
<tr valign="top">
<td width="299.999925" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="351.999912" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="299.999925" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="351.999912" colspan="1" rowspan="1" valign="top">
<div>Richard Sergel*<br>Group Director, North America<br></div>
</td>
</tr>
<tr valign="top">
<td width="299.999925" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="351.999912" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="299.999925" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="351.999912" colspan="1" rowspan="1" valign="top">
<div>Roger Urwin*<br>Director and Group Chief Executive<br></div>
</td>
</tr>
<tr valign="top">
<td width="299.999925" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="351.999912" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="299.999925" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="351.999912" colspan="1" rowspan="1" valign="top">
<div>Nicholas Winser*<br>Director<br></div>
</td>
</tr>
<tr valign="top">
<td width="299.999925" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="351.999912" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="299.999925" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="351.999912" colspan="1" rowspan="1" valign="top">
<div>John Wybrew*<br>Group Corporate Affairs Director<br></div>
</td>
</tr>
<tr valign="top">
<td width="299.999925" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="351.999912" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="299.999925" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="351.999912" colspan="1" rowspan="1" valign="top">
<div>* Helen Mahy, Group Company Secretary and the undersigned attorney-in-fact,
by signing her name hereto, does execute this registration statement on behalf
of the above-named Directors as of the 7th day of August, 2003, pursuant to
powers of attorney filed with the Securities and Exchange Commission as Exhibit
24 to this registration statement.<br><br><br><u>/s/ Helen
Mahy&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u><br>Attorney-in-Fact<br></div>
</td>
</tr>
</table></div>
<div><br></div><hr color=blue>
<div><br></div>
<div align=center><br>      EXHIBIT INDEX<br><br></div>
<div style="position:relative; left: -1"><table >
<tr valign="top">
<td width="143.999964" colspan="1" rowspan="1" valign="top">
<div>Exhibit 4A<br></div>
</td>
<td width="510.666539" colspan="1" rowspan="1" valign="top">
<div>Memorandum and Articles of Association of National Grid Transco plc,
incorporated by reference to Exhibit 1 of the registrant&#8217;s 2003 Form 20-F,
filed on June 11, 2003, File No.<br>1-14598<br></div>
</td>
</tr>
<tr valign="top">
<td width="143.999964" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="510.666539" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="143.999964" colspan="1" rowspan="1" valign="top">
<div>Exhibit 4B<br></div>
</td>
<td width="510.666539" colspan="1" rowspan="1" valign="top">
<div>National Grid Transco plc Performance Share Plan, incorporated by reference
to Exhibit 4(c)(iii) of the registrant&#8217;s 2003 Form 20-F filed on June 11,
2003, File No. 1-14598<br></div>
</td>
</tr>
<tr valign="top">
<td width="143.999964" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="510.666539" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="143.999964" colspan="1" rowspan="1" valign="top">
<div>Exhibit 5<br></div>
</td>
<td width="510.666539" colspan="1" rowspan="1" valign="top">
<div>Opinion and Consent of Fiona B. Smith, General Counsel of the
registrant<br></div>
</td>
</tr>
<tr valign="top">
<td width="143.999964" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="510.666539" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="143.999964" colspan="1" rowspan="1" valign="top">
<div>Exhibit 23<br></div>
</td>
<td width="510.666539" colspan="1" rowspan="1" valign="top">
<div>Consent of PricewaterhouseCoopers LLP re 20-F financial
statements<br></div>
</td>
</tr>
<tr valign="top">
<td width="143.999964" colspan="1" rowspan="1" valign="top">
<br></td>
<td width="510.666539" colspan="1" rowspan="1" valign="top">
<br></td>
</tr>
<tr valign="top">
<td width="143.999964" colspan="1" rowspan="1" valign="top">
<div>Exhibit 24<br></div>
</td>
<td width="510.666539" colspan="1" rowspan="1" valign="top">
<div>Powers of Attorney of the Directors<br></div>
</td>
</tr>
</table></div>
<br><br>



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{"company-data": {"conformed-name": "NATIONAL GRID TRANSCO PLC", "cik": "0001004315", "assigned-sic": "4922", "irs-number": "980367158", "state-of-incorporation": "X0", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-107727", "film-number": "03828231"}, "business-address": {"street1": "1-3 STRAND", "city": "LONDON WC2N 5EH", "state": "X0"}, "former-company": [{"former-conformed-name": "NATIONAL GRID GROUP PLC", "date-changed": "19991007"}, {"former-conformed-name": "NATIONAL GRID HOLDING PLC", "date-changed": "19991007"}]}
As filed with the Securities and Exchange Commission on
August 7, 2003
Registration No. _________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
20549
__________________
FORM S-8
REGISTRATION
STATEMENT
UNDER
THE SECURITIES ACT OF
1933
__________________
NATIONAL GRID TRANSCO PLC
(formerly
known as National Grid Group plc)
(Exact name of registrant as specified
in its charter)
__________________
England and Wales
(Jurisdiction of incorporation or
organization)
98-0367158
(I.R.S. employer identification no.)
1-3 Strand, London WC2N 5EH, England
(Address of
principal executive offices)
__________________
National Grid
Transco plc Performance Share Plan
(Full title of the
plan)
__________________
Lawrence J. Reilly
Senior Vice President and
General
Counsel
National Grid USA
25 Research Drive
Westborough, MA
01582
(508) 389-2000
John G. Cochrane
Senior Vice President and
Chief Financial
Officer
National Grid USA
25 Research Drive
Westborough, MA
01582
(508) 389-2000
(Names, addresses and telephone numbers of agents for
service)
Copies to:
Helen Mahy
National Grid Transco plc
1-3
Strand
London WC2N 5EH
England
Kirk L. Ramsauer
Deputy General Counsel
National Grid USA
25
Research Drive
Westborough, MA 01582
CALCULATION OF REGISTRATION FEE
Title of securities being registered
(1)(2)
Amount to be
registered
Proposed maximum offering price per share
(3)
Proposed maximum aggregate offering
price
Amount of
registration fee
(4)
Ordinary shares of
10 pence each
13,000,000
$6.079
$79,027,000.00
$6,393.28
(1)
The 13,000,000 ordinary shares of National Grid Transco plc being
registered hereby will be issuable upon exercise of options granted to employees
of National Grid Transco plc and its subsidiaries in the United States pursuant
to the National Grid Transco plc Performance Share Plan (the
"Plan").  In addition to the 13,000,000 ordinary shares indicated
above, pursuant to Rule 416 under the Securities Act of 1933, as amended (the
"Securities Act"), this registration statement also covers an
indeterminate number of ordinary shares which may be issuable pursuant to the
Plan in respect of the shares covered hereby pursuant to the operation of the
anti-dilution and option readjustment provisions of the Plan.
(2)
American Depositary Shares which may be issued with respect to ordinary
shares registered hereunder have been registered under a separate registration
statement on Form F-6 (no. 333-81390).
(3)
The maximum offering price per share used to calculate the registration fee
with respect to the ordinary shares issuable upon the exercise of options that
may be granted in the future under the Plan was estimated pursuant to Rule 457
under the Securities Act using the average of the high and low prices per share
of National Grid Transco plc American Depositary Shares (each of which
represents five ordinary shares) on the New York Stock Exchange on August 5,
2003.
(4)
The registration fee is offset in full by $6,393.28 of the registration fee
related to the registrant's registration statement on Form S-8 (no.
333-103768), which was filed on March 12, 2003.
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference
.
The
following documents and information heretofore filed with the Securities and
Exchange Commission (the Commission) by the registrant are incorporated herein
by reference:
(a)
The registrant's Annual Report on Form 20-F filed on June 11, 2003
(the "Form 20-F"), filed pursuant to the Securities Exchange Act of
1934, as amended (the "Exchange Act"), which includes audited
financial statements for the fiscal year ended March 31, 2003.
(b)
The description of the registrant's ordinary shares as contained in
its registration statement on Form
20-F filed on October 4
,
1999
,
including any amendment filed for the purpose of updating such
description.
All reports subsequently filed by the registrant pursuant to Sections
13(a), 13(c), 14, and 15(d) of the Exchange Act, prior to the filing of a
post-effective amendment which indicates that all securities registered herein
have been sold or which deregisters all securities then remaining unsold, shall
be deemed incorporated by reference herein and to be a part hereof from the date
of the filing of such documents.
Item 4.
Description of
Securities
.
Not applicable.
Item 5.
Interests of Named
Experts and Counsel
.
Ms. Smith is employed as General Counsel to the
registrant and holds options to purchase 192,349 ordinary shares of National
Grid Transco plc under the National Grid Executive Share Option Scheme, the
National Grid Executive Share Option Plan 2000 and the National Grid Executive
Share Option Plan 2002. Ms. Smith also holds options over 24,922 shares under
the Performance Share Plan and 5,110 shares under the National Grid Savings
Related Share Option Scheme and The National Grid Group plc 1999 Savings Related
Share Option Scheme. Ms. Smith also holds 32,427 shares beneficially (including
shares acquired under The National Grid Group plc Share Matching Scheme and the
National Grid Group plc Share Matching Plan 2002, which would attract matching
awards totaling 6,810 shares if retained in accordance with the Scheme
Rules).
Item 6.
Indemnification of Directors and Officers and
Limitation of Liability
Indemnification of Directors and Officers of National Grid
Transco
Article 162 of the Articles of Association of National Grid Transco
provides as follows:
Subject to the Statutes [as defined in National Grid Transco's
Articles of Association], the Company may indemnify any Director or other
officer against any liability.  Subject to those provisions, but without
prejudice to any indemnity to which the person concerned may otherwise be
entitled, every Director or other officer of the Company and the Auditors shall
be indemnified out of the assets of the Company against any liability incurred
by him as a Director, other officer of the Company or as Auditor in defending
any proceedings (whether civil or criminal) in which judgment is given in his
favour or he is acquitted or in connection with any application under the
Statutes in which relief is granted to him by the court.
Section 310 of the Companies Act 1985 of the United Kingdom (as
amended by Section 137 of the Companies Act 1989 of the United Kingdom) provides
as follows:
310.   Provisions exempting officers and auditors from liability
(1) This section applies to any provision, whether contained in a company's
articles or in any contract with the company or otherwise, for exempting any
officer of the company or any person (whether an officer or not) employed by the
company as auditor from, or indemnifying him against, any liability which by
virtue of any rule of law would otherwise attach to him in respect of any
negligence, default, breach of duty or breach of trust of which he may be guilty
in relation to the company.
(2) Except as provided by the following subsection, any such provision is
void.
(3) This section does not prevent a company
(a) from purchasing and maintaining for any
such officer or auditor insurance against any such liability; or
(b) from indemnifying any such officer or
auditor against any liability incurred by him
(i) in
defending any proceedings (whether civil or criminal) in which judgment is given
in his favour or he is acquitted, or
(ii) in
connection with any application under Section 144(3) or (4) (acquisition of
shares by innocent nominee) or Section 727 (general power to grant relief in
case of honest and reasonable conduct) in which relief is granted to him by the
court
Section 727 of the Companies Act 1985 of the United Kingdom provides as
follows:
727. Power of court to grant relief in certain cases
(1) If in any proceedings
for negligence, default, breach of duty or breach of trust against an officer of
a company or a person employed by a company as auditor (whether he is or is not
an officer of the company) it appears to the court hearing the case that that
officer or person is or may be liable in respect of the negligence, default,
breach of duty or breach of trust, but that he has acted honestly and
reasonably, and that having regard to all the circumstances of the case
(including those connected with his appointment) he ought fairly to be excused
for the negligence, default, breach of duty or breach of trust, that court may
relieve him, either wholly or partly, from his liability on such terms as it
thinks fit.
(2) If any such officer or
person as above-mentioned has reason to apprehend that any claim will or might
be made against him in respect of any negligence, default, breach of duty or
breach of trust, he may apply to the court for relief; and the court on the
application has the same power to relieve him as under this section it would
have had if it had been a court before which proceedings against that person for
negligence, default, breach of duty or breach of trust had been
brought.
(3) Where a case to which
subsection (1) applies is being tried by a judge with a jury, the judge, after
hearing the evidence, may, if he is satisfied that the defendant or defender
ought in pursuance of that subsection to be relieved either in whole or in part
from the liability sought to be enforced against him, withdraw the case in whole
or in part from the jury and forthwith direct judgment to be entered for the
defendant or defender on such terms as to costs or otherwise as the judge may
think proper.
Insurance and
Agreements
The registrant has not entered into
indemnity agreements with its directors and officers.
National Grid
Transco provides officers' and directors' insurance to its officers and
directors.
Item 7.
Exemption from Registration
Claimed
.
Not applicable.
Item
8.
Exhibits
.
Exhibit 4A
Memorandum and Articles of Association of National Grid Transco plc,
incorporated by reference to Exhibit 1 of the registrant's 2003 Form 20-F,
filed on June 11, 2003, File No.1-14598
Exhibit 4B
National Grid Transco plc Performance Share Plan, incorporated by reference
to Exhibit 4(c)(iii) of the registrant's 2003 Form 20-F filed on June 11,
2003, File No. 1-14598
Exhibit 5
Opinion and Consent of Fiona B. Smith, General Counsel of the
registrant
Exhibit 23
Consent of PricewaterhouseCoopers LLP re Form 20-F financial
statements
Exhibit 24
Powers of Attorney of the Directors
Item 9.
Undertakings
.
The undersigned registrant
and, where applicable, the Plan, hereby undertake:
(1) To file, during
any period in which offers or sales are being made, a post-effective amendment
to this registration statement:
(i)
To include any prospectus required by Section 10(a)(3) of the Securities
Act;
(ii)
To reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent post-effective
amendment thereof) which individually or in the aggregate, represent a
fundamental change in the information set forth in the registration statement.
Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of prospectus
filed with the Commission pursuant to Rule 424(b) (§230.424(b) of this
chapter) if, in the aggregate, the changes in volume and price represent no more
than a 20% change in the maximum aggregate offering price set forth in the
"Calculation of Registration Fee" table in the effective
registration statement;
(iii)
To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or any
material change to such information in the registration statement;
provided, however, that paragraphs (i) and (ii) above do not apply if
the information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Commission by the registrant pursuant to Section 13 or Section 15(d) of the
Exchange Act that are incorporated by reference in the registration
statement.
(2) That, for the purpose of determining any liability under
the Securities Act, each such post-effective amendment shall be deemed to be a
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(3) To remove from registration by means of a
post-effective amendment any of the securities being registered which remain
unsold at the termination of the offering.
The undersigned registrant
hereby undertakes that, for purposes of determining any liability under the
Securities Act, each filing of the registrant's annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each
filing of an employee benefit plan's annual report pursuant to Section 15(d) of
the Exchange Act) that is incorporated by reference in the registration
statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
Insofar as
indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers, and controlling persons of the registrant
pursuant to the provisions discussed in item 6 hereof, or otherwise, the
registrant has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act and
is, therefore, unenforceable.  In the event that a claim for indemnification
against such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer, or controlling person of the registrant
in the successful defense of any action, suit, or proceeding) is asserted by
such director, officer, or controlling person in connection with the securities
being registered, the registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Securities Act and will be governed by
the final adjudication of such issue.
SIGNATURES
Pursuant to the
requirements of the Securities Act of 1933, the registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing
on Form S-8 and has duly caused this registration statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of London,
England, as of the 7th day of August, 2003.
NATIONAL GRID TRANSCO PLC
By:
/s/ Roger
Urwin
Roger Urwin, Group Chief Executive
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by or on behalf of the following persons
in the capacities and on the dates indicated.
Principal Executive Officer:
/s/ Roger
Urwin
Roger
Urwin
Group Chief Executive
Date:  August 7, 2003
Principal
Financial Officer and
Principal Accounting Officer:
/s/ Stephen
Lucas
Stephen
Lucas
Group Finance Director
Date:
August 7, 2003
Authorized U.S. Representative
of the
registrant:
/s/ Lawrence J.
Reilly
Lawrence
J. Reilly
General Counsel, National Grid USA
Date:  August 7,
2003
Directors (a majority):
Edward Astle*
Group Director,
Telecommunications
John Grant*
Non-executive Director
Kenneth
Harvey*
Non-executive Director
Steven Holliday*
Group Director, UK
and Europe
Paul Joskow*
Non-executive Director
Stephen
Lucas*
Group Finance Director
Sir John Parker*
Non-executive
Director
and Chairman
Stephen
Pettit*
Non-executive Director
George Rose*
Non-executive Director
Richard Sergel*
Group Director, North America
Roger Urwin*
Director and Group Chief Executive
Nicholas Winser*
Director
John Wybrew*
Group Corporate Affairs Director
* Helen Mahy, Group Company Secretary and the undersigned attorney-in-fact,
by signing her name hereto, does execute this registration statement on behalf
of the above-named Directors as of the 7th day of August, 2003, pursuant to
powers of attorney filed with the Securities and Exchange Commission as Exhibit
24 to this registration statement.
/s/ Helen
Mahy
Attorney-in-Fact
EXHIBIT INDEX
Exhibit 4A
Memorandum and Articles of Association of National Grid Transco plc,
incorporated by reference to Exhibit 1 of the registrant's 2003 Form 20-F,
filed on June 11, 2003, File No.
1-14598
Exhibit 4B
National Grid Transco plc Performance Share Plan, incorporated by reference
to Exhibit 4(c)(iii) of the registrant's 2003 Form 20-F filed on June 11,
2003, File No. 1-14598
Exhibit 5
Opinion and Consent of Fiona B. Smith, General Counsel of the
registrant
Exhibit 23
Consent of PricewaterhouseCoopers LLP re 20-F financial
statements
Exhibit 24
Powers of Attorney of the Directors