National Grid Sues Power Cable Cos. For £188M Over Cartel

Law360, London (May 23, 2019, 7:09 PM BST) -- National Grid, Britain’s largest transmitter of electricity and gas, has added a further £40 million ($50.7 million) to losses it is claiming from a group of European power cable companies that were part of a cartel that rigged the market for over a decade.

National Grid claims it has lost £188.3 million ($238 million) after allegedly being overcharged by companies that ran a global cartel in the high-voltage power cable industry. (AP) In an amended claim filed Monday at the High Court in London, National Grid Electricity Transmission PLC claimed it had suffered £188.3 million in losses by allegedly being overcharged...

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