Regional Electricity Companies
Encyclopedia : R : RE : REG : Regional Electricity Companies
Twelve Regional Electricity Companies (RECs) were formed on 31. March 1990 as part of the restructuring of the electricity system in England and Wales.
Prior to this date the Central Electricity Generating Board was responsible for the generation and transmission of electricity, while 12 Area Electricity Boards were responsible for distribution and supply to consumers.
On 31. March, the AEBs were changed to independent RECs. The CEGB was split into four companies, three generation companies and National Grid Company, operator of the National Grid. The National Grid Company was placed under the ownership of the RECs. On December 11 1990 the RECs were privatised.
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RECs
Formerly (pre-privatisation) East Midlands Electricity Board. Acquired by Powergen in 1998. Rebranded with MEB as Central Networks in April 2004.
Acquired by Hanson plc in 1995. Demerged from Hanson as part of The Energy Group plc.
Formerly London Electricity Board. Acquired by US based Entergy in 1996 for £1.3bn ($2.1bn). Acquired by EDF International in 1998, who merged it with SEEBOARD to form EDF Energy.
MANWEB
Formerly Merseyside and North Wales Electricity Board. Manweb plc was acquired by Scottish Power in 1995, now SP Manweb plc.Formerly Midland Electricity Board. MEB or Midlands Electricity was subject of a takeover bid by Powergen in 1996, however this was blocked. The company eventually did acquire the company in January 2004. In April 2004 MEB and East Midlands Electricity rebranded as Central Networks.
Formerly North Eastern Electricity Board. Today operated by CE Electric UK, a subsidiary of MidAmerican Energy Holdings Company.
Formerly North Western Electricity Board.
Formerly South Eastern Electricity Board.
Formerly South Wales Electricity Board. SWALEC
Formerly South Western Electricity Board, SWEB was acquired by London Electricity (owned by EDF) in 1999.
Formerly Southern Electricity Board.
Formerly Yorkshire Electricity Board
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