Centrica

Encyclopedia : C : CE : CEN : Centrica

Centrica plc (LSE: [CNA]) is a large multinational company, based in the UK but also with interests in North America and Europe. Is is part of the FTSE 100 Index of companies.

Contents

1 History
2 Divisions

2.1 Europe
2.2 Centrica North America
2.3 United Kingdom

3 See also
4 External links

History

Centrica was created in 1997 when British Gas plc demerged Centrica plc and renamed itself BG plc (later BG Group plc). The demerger grouped British Gas's gas supply, services, retail businesses and gas production business of the Morecambe gas fields under Centrica.

In 1999 Centrica acquired the AA for £1.1 billion. In 2004 the AA was sold for £1.75 billion to two European private equity firms, CVC and Permira.

Divisions

Europe

Luminus (Belgium)
Oxxio (Netherlands)
Luseo Energia (Spain)

Centrica North America

Direct Energy
Direct Energy Business Services
WTU Retail Energy
CPL Retail Energy

United Kingdom

Centrica Energy
*Gas fields
*Power stations
British Gas Residential
*British Gas (England & Wales)
*Nwy Prydain (Wales)
*Scottish Gas
*Dyno-Rod
British Gas Business
Centrica Storage
*Rough gas storage facility

External links

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