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Ofgem has approved a £28 billion RIIO-T3 price control framework for National Grid's electricity transmission business, covering the period from April 2026 to March 2031. The plan includes a total expenditure projection of up to £35 billion and a five-year investment strategy of £60 billion, despite delays in major projects like the Eastern Green Link 3/4 until 2034. National Grid also intends to sell the Grain LNG Terminal for £1.5 billion as part of its financial restructuring efforts.