History
Formed as the Yorkshire Electricity Board in 1948 as part of the nationalisation of the electricity industry by the Electricity Act 1947, it was privatised in 1990 as the Yorkshire Electricity Group plc.
In 1997 the company was acquired by American Electric Power (AEP) and Public Service Company of Colorado (part of Xcel Energy). In 2001 Innogy bought 94.75% of the company. The company was subsequently split into two entities, one a supply company, the other a distribution utility. The distribution company (Yorkshire Electricity Distribution Limited) was disposed of to CE Electric UK in 2001 in exchange for the supply business of Northern Electric. Northern Powergrid is now the licensed Distribution Network Operator for the Yorkshire region.
Innogy was itself taken over by RWE. The supply company now trades as npower.
Read more about this topic: Yorkshire Electricity
Famous quotes containing the word history:
“Universal history is the history of a few metaphors.”
—Jorge Luis Borges (1899–1986)
“If usually the “present age” is no very long time, still, at our pleasure, or in the service of some such unity of meaning as the history of civilization, or the study of geology, may suggest, we may conceive the present as extending over many centuries, or over a hundred thousand years.”
—Josiah Royce (1855–1916)
“It takes a great deal of history to produce a little literature.”
—Henry James (1843–1916)