Falls Power Company" sold power to the International Railway Company (w.streetcars in Buffalo & Niagara Falls city) which obtained the right to install its rotary converters in the Niagara Power Company's generating station, but paid nothing additional (i.e. rent) for the installation. Consolidation In 1918, the "Cliff Electrical Distributing Company," the "Hydraulic Power Company of Niagara Falls," and the "Niagara Falls Power Company" merged due to government pressure for more efficient use of the Niagara River's water provided by the Boundary Waters Treaty of 1910. The consolidated company retained the name "Niagara Falls Power Company" and issued $26,000,000 () capital stock, common and preferred. The $26 million in capital stock was consisted of $11,515,400 – 7% cumulative preferred capital stock $14,484,600 – common capital stock The $11,515,400 in preferred stock was distributed to the shareholders of "Niagara Falls Power Company." Of the $14,484,600 in common capital stock: $540,000.00 – distributed to the shareholders of "Cliff Electrical Distributing Company" $984,566.70 – distributed to the shareholders of "Niagara Falls Power Company" $12,960,000 – distributed to the shareholders of "Hydraulic Power Company of Niagara Falls" On March 2, 1921, the combined "Niagara Falls Power Company," secured a federal license from the Federal Power Commission, issued under the Federal Water Power Act of 1920 for a term of 50 years, that authorized the diversion of water for power purposes from the Niagara River, above Niagara Falls, and the return of it below the Falls, all in New York. The "Niagara Falls Power Company" later became "Niagara Mohawk Power Corp." which was acquired by National Grid plc in 2002 for $3 billion (). See also List of New York companies Peter Porter Jacob F. Schoellkopf Schoellkopf Power Station List of Niagara Falls hydroelectric generating plants References 1853 establishments in New York (state) Companies established in 1853 Companies based in New York (state) Hydroelectric power companies of the United States Niagara Falls Niagara Falls, New York