$40 million lawsuits filed over service from New England Clean Energy Connect corridor

National Grid faces allegations of overcharging £2 billion for the Sea Link project, with documents showing a discrepancy between claimed and requested costs. Ofgem Chair Mark McAllister accused the company of 'gaming the system.' The National Audit Office warned of £1.9 billion in consumer costs. National Grid defended the figures, citing different cost bases. The book 'OVERCHARGED' highlights the imbalance with small-scale energy funding.

UNITIL CORP (UTL) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Item 1.01 Entry into a Material Definitive Agreement. On October 21, 2026, Maine Natural Gas Corporation (“Maine Natural”), a natural gas distribution utility subsidiary of Unitil Corporation (the “Company” or the “Registrant”), entered into a Note Purchase Agreement with Lincoln

FERC ordered New England electric utilities to refund $1.5B for excess profits from 2015-2024, with $150M allocated to New Hampshire. Utilities delayed refunds, now due by May 20, 2027. Governors urged swift action, and Massachusetts' governor requested refund details by Oct. 27. The dispute centers on regulated returns for transmission line investments.

Eversource filed a lawsuit challenging a decision by Connecticut regulators to cut $500M from its storm cost reimbursement, including $400M in interest. The company claims regulators ignored state law and precedent, while officials argue Eversource delayed the process. PURA approved 90% of Eversource's $1B request but denied interest payments. The case impacts future storm cost recovery and customer bills.

Guinness Global Real Assets Fund reported a 0.8% return in July, underperforming the MSCI World Core Infrastructure Index. The fund highlighted National Grid (NGG) in its Q3 2026 investor letter, noting a $1.75 billion investment in Joulent LLC to support U.S. data center power demand. NGG's stock traded between $73.37 and $94.64 over the past year, closing at $78.23 on October 13, 2026, with a market cap of $78.30 billion.

National Grid raised its fiscal 2027 EPS growth outlook to slightly above 13-15%, citing stronger performance in National Grid Ventures & Other. The division is expected to contribute £130M more due to one-off gains and interconnector operations. Underlying EPS for the year ended March 31 was 78.0 pence, up 6-8%. The company plans £13B in capital investment for 2026/27 and £70B through 2030/31. It also invested £1.3B in Joulent for a 35% stake.