Business
Rewiring Britain for an Era of Clean Energy
In a career spanning more than 30 years, John Pettigrew has seen big changes in the electricity industry. He started out in 1991, working to introduce natural gas-fired power plants to the grid, gradually replacing polluting coal plants. .
Now, once again, he is managing a tectonic shift to an electrified economy that runs on renewable energy like wind and solar power. But these sources of power generation are far trickier to manage than their coal and gas predecessors.
“Effectively, what we’re doing is reconfiguring the whole network,” said Mr. Pettigrew, chief executive of National Grid, which owns and operates the high-voltage electricity grid in England and Wales.
Mr. Pettigrew was emerging from a tunnel nearly 20 miles long that National Grid has bored deep underground at a cost of about 1 billion pounds (about $1.3 billion). The shaft, which workers ride through on bicycles, will carry new cables to feed the power-hungry offices and residential communities of London.
Mr. Pettigrew and his company are in the spotlight these days. The Labour Party government of Prime Minister Keir Starmer, which came to power in July, is taking a close interest in the electric power system, which it sees as a primary vehicle for delivering political and economic goals.
A more robust, versatile grid will be crucial not only for tackling climate change but for securing Britain’s place on the cutting edge of artificial intelligence, which requires vast amounts of power to run data centers.
The government aims for 95 percent of Britain’s electricity to come from what it calls “clean” sources like wind and nuclear by the end of the decade, up from about 60 percent in 2023. At the same time, demand for electric power is expected to surge.
“We haven’t started to think about how seriously we need to invest in our core infrastructures for the resilience of our economy in a digital world,” Dieter Helm, a professor of economic policy at the University of Oxford, said in a recent podcast.
The price tag for an electricity system that can handle such changes is around £40 billion a year from 2025 to 2030, according to the government. National Grid alone has filed documents with regulators to spend as much as £35 billion over five years.
National Grid was founded in 1990 when the Central Electricity Generating Board, which managed the power network in England and Wales, was broken up in an era of privatization. (The company, which is listed in London, also has a large business managing power networks in the United States.) Mr. Pettigrew has run National Grid for nearly a decade, but he may be facing his greatest challenge, industry experts say.
“I think there’s a big question about how can they build rapidly enough all this new infrastructure at the same time as maintaining the same standards,” said Edgar Goddard, a former National Grid executive and now a director of EPNC Energy, a consulting firm.
An electrified economy will require a highly reliable grid for a host of reasons, including national security, analysts say. At the same time, critics of renewable energy say that relying on sources of power like wind and solar, which are by their nature variable, creates new challenges for the system.
On April 2, a parliamentary hearing on the Heathrow outage became a venue for executives from the airport and power companies politely dodging blame. Electricity executives said that there was sufficient power available. Alice Delahunty, National Grid’s president for transmission and a key aide to Mr. Pettigrew, conceded that the fast-changing demands being made of the power system called for a careful rethinking about it’s resilience.
Britain’s high-voltage network, like those of other countries, used to be relatively simple, bringing electricity from large generating plants — often near where the coal burned in them was mined — to London and other cities.
Now Mr. Pettigrew is extending National Grid’s tentacles toward the coasts, sometimes through scenic areas, to capture new sources of electricity like the giant offshore wind farms now being built in the North Sea.
He also must make sure the system can carry a lot more power.
Demand for electricity, which has been sluggish in recent years, is expected to double in the coming decades as more drivers take the wheel of electric vehicles and data centers spring up to handle everything from financial services to artificial intelligence.
There is already a long line of wind farms, battery storage facilities and data centers waiting to hook up to the grid — sometimes with increasing frustration. “Their connections process is very poor,” James Basden, a founder of a power storage company called Zenobe Energy, said about the large power operators.
A small industry has sprung up to advise companies on how to navigate the gauntlet of securing access to the grid. “We’re seeing huge demand,” said Simon Gallagher, managing director of UK Network Services, one of those firms.
The government is betting that installing swaths of wind turbines — both on land and in the seas off Britain’s coasts — as well as thousands of miles of high-voltage cables will attract investment, nurture clean tech jobs and reduce the country’s vulnerability to price swings in energy like those that occurred after Russia’s 2022 invasion of Ukraine that led to reduced supplies of natural gas.
Since that invasion, high energy costs have been a major issue in Britain and across Europe, where governments have been forced to spend heavily to help households pay their bills.
Some analysts, though, say the huge costs of installing a new energy system may at least partly cancel out the low running costs of wind and solar. “There’s a lot of infrastructure that needs to be built and that’s going to be paid either by taxes or electricity prices,” said Chris Wilkinson, a senior analyst at Rystad Energy, a consulting firm.
Much is at stake for Britain and the wider clean energy industry. If the government’s ambitions prove unrealistic, that could be a blow to the industry, which is already under fire from the Trump administration in the United States.
It certainly won’t be easy to rewire Britain. National Grid is working on 17 large power projects. Some of the schemes involve laying cables for miles offshore to transfer electricity from clusters of wind farms planned for Scottish waters to consumers in England.
Others involve new power lines marching through rural areas on enormous pylons — a prospect that riles up local residents against both the government and National Grid.
The government is taking advantage of its large majority in Parliament to push through legislation curbing the options of opponents of power projects to pursue what it recently called “meritless cases” in court. The government is also planning to offer up to £2500 in compensation over 10 years to people living near the new pylons.
It often takes many years to push projects through the planning system in Britain. Mr. Pettigrew says that process needs to speed up so that Britain can meet its green energy goals.
To achieve anything close to the government’s targets will require an abrupt change in Britain’s leisurely pace of building infrastructure. Offshore wind capacity, for instance, will need to roughly triple. To bring this clean power to consumers will require adding around 3,400 miles of new power lines to the grid, about twice as much as was constructed in the previous decade.
“The way I would describe it is that everybody has to play their part perfectly over the next five years,” Mr. Pettigrew said.
Business
FKA twigs sues ex-boyfriend Shia LaBeouf over ‘unlawful’ NDA
Singer-songwriter FKA twigs is suing her ex-boyfriend, actor Shia LaBeouf, claiming that he is trying to “silence” her from speaking out against sexual abuse through the use of an “unlawful” nondisclosure agreement.
The complaint, filed in Los Angeles Superior Court on Wednesday, seeks a court order to prohibit LeBeouf from enforcing sections of an NDA which Tahliah Barnett — the Grammy Award-winning singer’s legal name — says violates California law.
“Shia LaBeouf has tried to control Tahliah Barnett for the better part of a decade,” the filing states.
“This action was taken in response to Mr. LaBeouf’s attempt to bully and intimidate twigs through a frivolous and unlawful secret arbitration he filed against her in December in which he sought to extract money from her,” said the singer’s attorney Mathew Rosengart, national co-chair of media & entertainment litigation at Greenberg Traurig in Century City, in a statement.
Rosengart added that twigs “refuses to be bullied anymore. She is instead standing up for herself and other survivors of sexual abuse who have improperly been silenced. This is the unusual case that is not about money but about justice and upholding and enforcing California law and policy designed to protect survivors by nullifying illegal NDAs.”
LaBeouf’s attorney Shawn Holley of Kinsella Holley Iser Kump Steinsapir denied the claims.
“When Ms. Barnett and Mr. LaBeouf both decided to resolve their differences and move on with their lives, no one forced her or ‘bullied’ her to stay silent,” Holley said in a statement.
“As a woman with agency, she decided to settle the case and accepted money to dismiss her lawsuit.”
The suit arises out of litigation that Barnett brought against LaBeouf in 2020, when she accused the actor of “physical, sexual, and mental abuse” during their relationship,” as well as “knowingly infect[ing]” Barnett with a sexually transmitted disease.” That case was settled last year.
In a response to the suit, the actor told the New York Times that “many of these allegations are not true.”
But he added, “I am not in the position to defend any of my actions. I owe these women the opportunity to air their statements publicly and accept accountability for those things I have done.”
In the statement Thursday, Holley added that the claim of sexual battery “was disputed, as were the other claims made in Ms. Barnett’s lawsuit.”
Shia LaBeouf poses for photographers upon arrival at the premiere of the film “The Phoenician Scheme” at the 78th annual Cannes Film Festival May 18, 2025.
(Lewis Joly / Invision / AP)
According to the new lawsuit, LaBeouf filed a secret arbitration complaint and “improperly sought exorbitant monies” from Barnett last December, claiming she had breached their agreement by violating its nondisclosure provisions after she gave an interview to the Hollywood Reporter in October.
In the interview, Barnett was asked if she felt safe and answered that as a woman of color in the entertainment industry, she “wouldn’t feel safe” and discussed her involvement with organizations that support survivors, saying, “I think it’s less about me at this point and more about looking forward. Just, you know, moving on with my life.”
The agreement Barnett reached with LaBeouf “contained a deficient and unlawful NDA that is unenforceable,” under California’s Stand Together Against Non-Disclosure Act, according to the complaint. The law forbids NDAs from being used to silence victims of sexual misconduct.
“As the California Legislature has made clear, survivors should have the right to tell their stories without fear or coercion, and California law does not and must not allow abusers and bullies to silence them through secret agreements containing unconscionable, unlawful gag orders,” the complaint states.
The lawsuit further alleges that while LaBeouf has sought to prohibit Barnett from talking about her abuse, he has “repeatedly brought up his relationship with Ms. Barnett—on his own and without being directly asked about her—materially breaching the very confidentiality provisions that he had just contended were fully enforceable against Ms. Barnett.”
While the actor agreed to drop the arbitration in February, he has “refused to acknowledge, however, that the NDA provisions are illegal and unenforceable,” the filing states.
The latest round in LaBeouf’s legal battle with Barnett comes just weeks after a New Orleans judge ordered the actor to begin substance abuse treatment and undergo weekly drug testing after he was arrested on suspicion of assaulting two men in the city’s French Quarter. LaBeouf was also required to post $100,000 bond as part of the conditions of his release. He was charged with two counts of simple battery, the Associated Press reported.
Business
Warner shareholders to vote on Paramount takeover
Warner Bros. Discovery shareholders will soon render a verdict on Hollywood’s biggest merger in nearly a decade.
Warner has set an April 23 special meeting of stockholders to vote on the company’s proposed sale, for $31-a-share, to the Larry Ellison family’s Paramount Skydance.
The $111-billion deal is expected to reshape the entertainment industry by combining two historic film studios, dozens of prominent TV networks, including CBS, HBO, HGTV and Comedy Central, streaming services and two news organizations, CNN and CBS News. The tie-up would give Paramount such beloved characters as Batman, Wile E. Coyote, and Harry Potter, television shows including “Hacks,” and “The Pitt,” and a rich vault of movies that includes “Casablanca,” and “One Battle After Another.”
The $31-a-share offer represents a 63% increase over Paramount Chairman David Ellison’s initial $19-a-share proposal for the company in mid-September, and a 147% premium over Warner’s stock’s trading levels prior to news of Ellison’s interest.
“This transaction is the culmination of the Board’s robust process to unlock the full value of our world-class portfolio,” Warner Bros. Discovery Chief Executive David Zaslav said Thursday in a statement. “We are working closely with Paramount to close the transaction and deliver its benefits to all stakeholders.”
Paramount hopes to finalize the takeover by September. It has been working to secure the blessing of government regulators in the U.S. and abroad.
Should those regulatory deliberations stretch beyond September, Paramount will pay shareholders a so-called “ticking fee” — an extra 25 cents a share for every 90-day-period until the deal closes.
The transaction will leave the combined company with nearly $80-billion in debt, a sum that experts say will lead to significant cost cuts.
Paramount Skydance Chairman and CEO David Ellison attends President Trump’s State of the Union address three days before clinching his hard-fought Warner Bros. Discovery deal.
(Mark Schiefelbein / Associated Press)
For weeks it appeared that Netflix would scoop up Warner Bros.
Netflix initially won the bidding war in early December with a $27.75 offer for the studios and streaming services, including HBO Max. But Ellison refused to throw in the towel. He and his team continued to lobby shareholders, politicians and Warner board members, insisting their deal for the entire company, including the cable channels, was superior and they had a more certain path to win regulatory approval.
The Ellison family is close to President Trump. This week, Trump named Larry Ellison to a proposed White House council on technology issues, including artificial intelligence.
Warner’s board, under pressure, reopened the bidding in late February to allow Paramount to make its case. Warner board members ultimately concluded that Paramount’s bid topped the one from Netflix and the streamer bowed out. Paramount paid a $2.8-billion termination fee to Netflix and signed the merger agreement on Feb. 27.
Warner’s board is advising its shareholders to approve the Paramount deal. Failure to cast a vote will be the same as a no-vote, according to the company’s proxy.
Warner’s largest shareholders include the Vanguard Group, BlackRock, Inc. and State Street Corp.
Zaslav has significant stock and options holdings, worth about $517 million at the deal’s close, according to the proxy.
The regulatory filing also disclosed that a mysterious bidder had surfaced at the auction’s 11th hour.
A firm called Nobelis Capital, Pte., reportedly based in Singapore, alerted Warner on Feb. 18 that it was willing to pay $32.50 a share in cash.
The firm said it had placed $7.5 billion into an escrow account. However, Warner’s bankers “could not find the purported deposit at J.P. Morgan,” according to the proxy. And there was no evidence that Nobelis had any assets or any “equity or debt financing” lined up, Warner said, adding that it “took no further action with respect to the Nobelis proposal.”
Business
Video: How Kharg Island May Change the Trajectory of the Iran War
new video loaded: How Kharg Island May Change the Trajectory of the Iran War
By Peter Eavis, Gilad Thaler, Edward Vega, Lauren Pruitt and Joey Sendaydiego
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