$NGG

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.

UBS maintains a Sell rating on National Grid plc, based on a weighted average of valuation, EPS revisions, and visibility metrics. The company's share price is up 1.74% today and 5.91% year-to-date. Investors are advised to review the detailed ratings and descriptions.

Barclays analysts highlight European utilities as a buying opportunity ahead of earnings, citing stronger power prices and rising demand. The Stoxx Europe 600 Utilities index has underperformed the broader market by about 3% since June. Barclays prefers National Grid, SSE, RWE, and Enel, citing catalysts like infrastructure expansion, political clarity, and earnings upgrades. Risks include bond yields, politics, and commodity volatility.

Massachusetts Governor Maura Healey urged National Grid, Eversource, and Unitil to issue early refunds to customers for excessive transmission rates. The refunds, legally due in late spring, were demanded in a letter sent to the utility companies.

National Grid forecasts a 3-5% increase in electric bills for upstate NY customers this winter, adding $22-$39, while typical gas customers may pay $9 less. Factors include weather, energy use, and supply prices. The company offers assistance programs and energy-saving tips.

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 submitted plans to Swansea Council to bury a section of overhead electricity line on the Gower peninsula, aiming to remove pylons from a protected coastal landscape. The project involves trenching and duct installation, with key challenges including working in sensitive coastal ground conditions and minimizing environmental impact. National Grid has experience in similar projects, such as the Grain to Tilbury cable tunnel under the Thames.

NextEra Energy and National Grid will suspend operations at two Long Island battery storage facilities by October 9, removing Novec 1230 fire suppression agent. This follows a 2023 fire that contaminated drinking water with PFPrA. Suffolk County supports litigation against NextEra.

National Grid is preparing to support Micron's semiconductor plant in Clay, N.Y., by expanding a nearby substation and building transmission lines and a gas pipeline. The power company calls Micron's project a significant opportunity for the region. Micron began construction in January, with the first two fabs expected to be operational soon. The remaining two fabs will start construction in 2028.

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.