Grid faces £1bn London blackout fine Tom McGhie, Mail on Sunday 31 August 2003 NATIONAL Grid could be fined up to £1 billion after the massive power failure that brought much of central London to a rush-hour standstill. And Grid directors could lose millions of pounds in bonuses as a result of the catastrophic blackout, which paralysed the capital's transport system. The penalties will be triggered if the company is found to have breached its licence by not maintaining the electricity grid to the required standard. Chief executive Roger Urwin, who earns £924,000 a year, including a £324,000 bonus, admitted...