Knowledge (XXG)

Eastern Electricity

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to £3.74 billion and profit had risen to £212.6M, a 59% increase. The Telecom business was sold to NTL in January 1999, and purchased further stakes in North Sea gas fields. The retail business was renamed from Eastern Electricity, and its subsidiary Eastern Natural Gas, to Eastern Energy in 1999, with a restructure which saw its retail operations focused on Ipswich, Bedford and Rayleigh. The company purchased
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with the 4000 megawatts from National Power costing $ 2.5 billion, as part of its bid by the two generating companies to stave off the regulator. Its subsidiary, Eastern Natural Gas, was reported to be making a loss close to £40 million after a big push to grab market share after deregulation. Hanson ownership lasted until 1997, when The Energy Group was demerged from Hanson plc and floated on the
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in 1998. The Telecom business announced that it had developed its own equipment to use the companies powerlines for telecommunications in July 1998, with a further 550 km of lines being purchased that October. The business announced in 1999, that the company's turnover in 1998 had grown by 13%
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bought Eastern Group for £2.5 billion. Hanson purchased the remaining shares Eastern did not own in the jointly owned electrical retailer Powerhouse, but sold the business on as a going concern. In 1996, the Energy Group purchased 6000 megawatts of power stations from National Power and Powergen,
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with plans to integrate into TXU Energi. In April 2002, it was announced that the Russell House office in Ipswich would be demolished and be rebuilt as the company's new headquarters, replacing Wherstead Park, along with other Ipswich sites. In May 2002 TXU Europe won the bidding battle for
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for £200 million. This was followed by the sale of Peterborough and King’s Lynn Combined Cycle Gas Turbine (CCGT) power stations to Centrica in August. The company's agreed a partnership with Farm Energy, ABB, Powergen, and Royal Dutch Shell to develop the London Array wind farm.
445:, and purchased 5% of Hidroelectrica, a Spanish electricity company in 1999, which it grew to just under 20% in 2000. The company announced it was selling its metering business in October 1999. In 2000 TXU Europe purchased the retail business of 431:
Following the acquisition, Texas Utilities was renamed TXU Corporation, with the Energy Group renamed TXU Europe. Some of the purchase debt was indebted back onto the UK businesses. The group purchased gas fields in the southern
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in a takeover battle. Nomura pulled out of the bidding, and due to the hostile nature of the bids, both PacifiCorp and Texas Utilities were told to put in sealed bids. Before the deadline, PacifiCorp withdrew their bid, so
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The collapse of the business lead to former shareholders losing £19m, as during the takeover by Texas Utilities they had taken loan notes instead of cash for their shares, which were not secured.
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to protect the US business, after the European business was affected by a drop in wholesale prices and its credit rating dropping, caused by a large debt created at the purchase by TXU in 1998.
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to become 24seven Utility Services in 2000, before being sold to EDF permanently for £560m plus £740m of debt in 2001. The Eastern and London distribution networks were later sold on to
2073: 595: 307:. The company was privatised later in the year in a stock market flotation, one of many UK Government public share offers that saw formerly state-owned utilities sold off, including 2027: 453:. The combined retail business was renamed TXU Energi in August 2001. In a separate deal with United Utilities, TXU signed a seven-year deal with its customer service provider 997: 2579: 174:
The key people on the board were: Chairman H. D. B. Wood (1964, 1967), Deputy Chairman C. C. Hill (1964, 1967), full-time member P. Sydney (1964) J. S. Mills (1967).
1715: 2751: 2009: 1586: 908:"Nigel shows his staying power A key worker from Bury St Edmunds has had his long service with the electricity industry recognised by employer UK Power Networks" 2716: 2706: 2736: 2721: 2731: 1550: 2711: 907: 410:. The bid expired before the Monopolies & Merger Commission completed their investigation, and PacifiCorp were joined by Texas Utilities and 1053: 2601: 979: 1493: 2746: 1459: 1991: 2572: 770: 168: 1568: 1201: 1137: 1072: 745: 2615: 2611: 2606: 2517: 1377:"UK Domestic and Commercial Gas 1998: EASTERN NATURAL GAS IS THE LEADING INDEPENDENT GAS SUPPLIER TO UK DOMESTIC AND COMMERCIAL MARKETS" 1099: 1972: 416: 1035: 1016: 2507: 1147: 1082: 2565: 1881: 1666: 1310: 1826: 2439: 2423: 2418: 2402: 1441: 729: 701: 40: 663: 633: 2726: 1953: 926: 472: 1771: 857: 2324: 2282: 2277: 2272: 2191: 2186: 1423: 488: 468:
Parliament. A formal cash bid was made to purchase the remaining shares in Hidroelectrica but this was later withdrawn.
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purchased TXU's UK retail businesses for £1.37bn ($ 2.9bn) later that year, after a takeover battle with
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The amount of electricity, in GWh, sold by the Eastern Electricity Board over its operational life was:
2651: 2589: 2497: 1807: 352: 304: 280: 2126: 2121: 1165:"High Energy : PacifiCorp Lands $ 9.6-Billion Deal and Is Already Looking to Broker Even More" 515: 1928:
Why Did Electricity Prices Fall in England and Wales? Market Mechanism or Market Structure? EL 02
1404: 1396: 643: 582: 542:, buying 74.9% for €420 million. TXU Energi was announced as the new sponsor of the Rugby League 2088: 2019: 1116: 406:, a US energy firm launched a $ 9.6 billion bid for The Energy Group, which was referred to the 167:. The board was responsible for the purchase of electricity from the electricity generator (the 2666: 2626: 2538: 1143: 1078: 725: 697: 492: 356: 1514: 1388: 523: 507: 454: 450: 2557: 457:, to manage its domestic retail customers. In July 2000, TXU Europe purchased 51% share of 163:(EEB) was formed in 1948 as part of the nationalisation of the electricity industry by the 2342: 2054: 577: 420: 411: 348: 340: 336: 124: 94: 998:"Regulator orders National Power and PowerGen to generate competition Power-share appeal" 882: 2097: 380: 364: 332: 316: 144: 132: 112: 104: 1311:"ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934" 2700: 2387: 2010:"Geograph:: Writing on the wall, Westwick Street,... © Stephen Richards cc-by-sa/2.0" 1697: 1623: 1408: 543: 480: 384: 1674: 1604: 1318: 1220: 2338: 539: 442: 1940: 1898: 276: 1392: 503:
for £366 million. The company's shares in Hidroelectrica were sold in 2001.
2661: 2252: 1698:"TXU to Sell Power-Distribution Business In England to London Electricity Group" 1259: 1182: 312: 128: 17: 2686: 1532: 2482: 500: 476: 403: 391: 376: 148: 177:
The total number of customers supplied by the Eastern Electricity Board was:
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Former electricity supply and distribution utility serving Eastern England
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onto an old Eastern Electricity building on Westwick Street in Norwich.
39: 2106: 558: 458: 344: 328: 324: 108: 1790:"Top Plant: London Array Offshore Wind Farm, Outer Thames Estuary, UK" 1477:"TXU to Become Second Largest Energy Retailer in the United Kingdom". 771:"Central Accounting Office for Eastern Electricity Russell Road Iswch" 399:. The business expanded into telecoms linking up with Esprit Telecom. 351:. Its former electrical stores were merged with those from the former 275:
Graphs are unavailable due to technical issues. There is more info on
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from 1958) and its distribution and sale of electricity to customers.
2646: 2621: 1716:"TXU Europe agrees to sell interest in Hidroelectrica del Cantabrico" 550: 446: 60: 2161: 562: 465: 419:
won with a bid of $ 10 billion. Texas Utilities sold Peabody to
2561: 2023: 1882:"Rugby League appoints Camelot executive as marketing director" 1587:"DCR Press Release on TXU Europe Limited (Eastern Electricity)" 1054:"INTERNATIONAL BRIEFS;National Power Plans A Special Dividend" 462: 261: 151:
in 1995, before being purchased by Texas Utilities in 1998.
638:. <corpname>Seeboard plc</corpname>. 1920–1990. 123:
was an electricity supply and distribution utility serving
1569:"WORLD BUSINESS BRIEFING: EUROPE; TXU BUYS UTILITY STAKE" 1221:"Nomura International Drops Its Bid to Buy Energy Group" 1074:
Marketing Accountability: Improving Business Performance
1973:"World Business Briefing: Europe; E.on to Buy Powergen" 538:(BS Energy), a German energy provider from the city of 506:
TXU Energi was announced in 2001 as the new sponsor of
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The origins of The Energy Group date back to 1990 when
746:"CC21: Duke's Wharf, Duke Street (Former EEB offices)" 495:. In a separate deal in November 2001 TXU Europe sold 1551:"TXU acquisition creates UK's biggest power retailer" 596:
Companies merged into Eastern Electricity Board (EEB)
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In October 2002, TXU announced it was pulling out of
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Former nationalised industries of the United Kingdom
1605:"TXU Withdraws Its Offer To Purchase Hidroelectrica" 522:
In March 2002, TXU bought the UK retail business of
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London: Electricity Council. pp. 58 63. 2637:Merseyside & North Wales Electricity Board 1100:"Eastern set to lose millions in dash for gas" 722:Handbook of Electricity Supply Statistics 1989 694:Handbook of Electricity Supply Statistics 1979 2573: 2035: 1992:"Hanson shareholders lose £19m on TXU Europe" 1808:"TXU buys Amerada Hess' U.K. retail business" 1624:"Fury over further 600 job cuts in utilities" 8: 2074:Pre-nationalisation electric power companies 1753:"International Power in £250m deal with TXU" 1460:"TXU boosts stake in Spanish energy company" 1139:European Energy Industry Business Strategies 1117:Hanson hits 7-year low in run up to demerger 32: 1954:"SSE battles it out with Powergen over TXU" 1508: 1506: 1494:"TXU Europe's acquisition of Norweb Energi" 1017:"Eastern Group seeks partial switch to gas" 966:British utility agrees to Hanson's cash bid 295:In 1990, the assets of the board passed to 182:Eastern Electricity Board customers 1949–89 2580: 2566: 2558: 2487: 2458: 2392: 2347: 2257: 2166: 2111: 2102: 2042: 2028: 2020: 1913:Rise and Fall of TXU Europe ref.IMD-3-1274 38: 31: 1274:"Eastern Electricity changes hands again" 942: 940: 664:"Landscapes of State Industry - The MERL" 616:"300-year-old mansion opens for weddings" 1864:"TXU buys Braunschweiger Versorgungs-AG" 179: 1915:. Institute for Management Development. 1622:Macallister. Terry (15 December 1999). 1131: 1129: 1127: 1125: 947:Fagan. M, Stevenson. T (31 July 1995). 677:Electricity Council Publicity Brochures 607: 2614:(these two merged in 1955 to form the 2602:North of Scotland Hydro-Electric Board 1990:Harrison. Michael (17 February 2003). 1930:. Oxford Institute for Energy Studies. 1236: 1234: 641: 561:. Powergen was formally taken over by 139:under which name it was listed on the 2752:British companies established in 1948 2612:South East Scotland Electricity Board 2607:South West Scotland Electricity Board 1381:Energy Exploration & Exploitation 1036:"£200m First Hydro windfall for Recs" 576:In 2006, artist Rory Macbeth painted 464:for $ 215 million from State Capital 423:for $ 2.3bn as part of the purchase. 7: 2717:Energy companies established in 1948 1770:DEE SCHWANHAUSSER (24 August 2001). 1515:"TXU abandons British energy market" 1200:Marsh. Virginia (17 February 1998). 1098:Godsmark. Chris (1 September 1998). 715: 713: 687: 685: 169:Central Electricity Generating Board 2707:Electric power companies of England 2616:South of Scotland Electricity Board 1696:Smith. Rebecca (20 November 2002). 1241:Harrison. Michael (30 April 1998). 978:Mesure. Susie (17 September 2011). 1899:US firm pulls plug in power crisis 1825:Harrison. Michael (2 March 2002). 1513:Teather. David (14 October 2002). 1260:Texas raises Energy bid to £4.46bn 1219:Calian. Sarah (12 February 1998). 1034:Rodgers. Paul (28 December 1995). 1015:Godmark. Cris (16 December 1997). 408:Monopolies & Merger Commission 319:. It subsequently became known as 25: 2737:1995 disestablishments in England 2722:Defunct companies based in London 1971:Kapner, Suzanne (10 April 2001). 1827:"TXU pays £117m for Amerada unit" 1071:Robert Shaw, Laura Mazur (1997). 796:"E.ON jobs bombshell for Ipswich" 461:energy business, Stadtwerke Kiel, 2732:Companies disestablished in 1995 2685: 2087: 1291:Fisher. Daniel (9 August 1999). 927:"Hanson buys ailing store chain" 443:Combined Heat & Power plants 421:Lehman Merchant Banking Partners 266: 2677:South Eastern Electricity Board 2662:South Western Electricity Board 2642:East Midlands Electricity Board 2627:North Eastern Electricity Board 2622:North Western Electricity Board 1941:Powergen buys TXU's British arm 1720:Power Engineering International 1667:"TXU Europe 2001 Annual Report" 1479:Power Engineering International 1446:Power Engineering International 1345:Power Engineering International 1317:. 21 March 2001. Archived from 485:South Eastern Electricity Board 2712:1948 establishments in England 1751:Morgan, Oliver (2 June 2001). 1424:"Eastern to cut 200 more jobs" 1272:Jameson. A (22 October 200w). 489:regional electricity companies 301:regional electricity companies 1: 2647:South Wales Electricity Board 1926:John Bower (September 2002). 1870:. No. 20506. 2 May 2002. 1846:"Ipswich Village on Schedule" 1163:Kraul. Chris (14 June 1997). 968:New York Times, 1 August 1995 529:Braunschweiger Versorgungs AG 363:. Eastern purchased 12.5% of 143:and was a constituent of the 2747:Defunct companies of England 1844:Abbott.Lynn (9 April 2002). 1393:10.1177/0144598798016002-322 692:Electricity Council (1980). 475:were originally merged with 2632:Yorkshire Electricity Board 883:"Branches - Eastern Energy" 840:"Rayleigh: Power jobs safe" 720:Electricity Cuncil (1990). 2773: 2667:Southern Electricity Board 2652:Midlands Electricity Board 862:Company Search Made Simple 814:"The former E.ON building" 497:West Burton power stations 2683: 2657:Eastern Electricity Board 2597: 2085: 1943:BBC News, 21 October 2002 1901:BBC News, 14 October 2002 1341:"Eastern buys gas assets" 1243:"Texas bags Energy Group" 949:"Hanson bids for Eastern" 510:. In July 2001, TXU sold 223:No. of customers, 1,000s 161:Eastern Electricity Board 155:Eastern Electricity Board 147:until it was acquired by 37: 2672:London Electricity Board 2079:Renewable Energy Systems 1776:Power Grid International 1734:"TXU Energi New Sponsor" 1119:Independent, 9 July 1996 501:London Electricity Group 315:, and the UK's regional 2590:area electricity boards 1812:Dallas Business Journal 1492:OFGEM (7 August 2000). 1422:Stevenson. Tom (1999). 858:"TXU (UK) Holdings Ltd" 635:ARCHIVE OF SEEBOARD plc 297:Eastern Electricity plc 121:Eastern Electricity plc 33:Eastern Electricity plc 2051:Electricity generation 1387:(2/3): 255–257. 1998. 1262:BBC News, 3 March 1998 648:: CS1 maint: others ( 512:Rugeley power stations 51:Public limited company 1555:Oil & Gas Journal 1464:Oil & Gas Journal 1169:The Los Angeles Times 1136:Atle Midttun (2001). 844:Essex County Standard 397:London Stock Exchange 141:London Stock Exchange 2727:Utilities of England 1077:. pp. 112–115. 750:Norwich City Council 353:Midlands Electricity 305:Electricity Act 1989 165:Electricity Act 1947 2069:Eastern Electricity 1888:. 12 December 2002. 1702:Wall Street Journal 1609:Wall Street Journal 1225:Wall Street Journal 914:. 2 September 2020. 846:. 14 December 1999. 516:International Power 487:, two other former 473:distribution rights 291:Eastern Electricity 184: 34: 1977:The New York Times 1960:. 21 October 2002. 1796:. 1 December 2014. 1722:. 25 January 2001. 1677:on 1 November 2021 1365:. 1 November 1999. 1363:New Civil Engineer 1347:. 2 December 1998. 1321:on 1 November 2021 1058:The New York Times 622:. 23 January 2010. 481:London Electricity 359:boards and called 180: 2694: 2693: 2555: 2554: 2551: 2550: 2547: 2546: 2539:East Anglia Array 2477: 2476: 2448: 2447: 2382: 2381: 2333: 2332: 2247: 2246: 2156: 2155: 1646:UK Power Networks 1539:. 17 August 2001. 1448:. 1 January 1999. 1359:"Eastern promise" 912:UK Power Networks 802:. 4 October 2007. 565:in January 2002. 493:UK Power Networks 357:Southern Electric 288: 287: 257: 256: 135:. It was renamed 118: 117: 16:(Redirected from 2764: 2689: 2582: 2575: 2568: 2559: 2518:Sheringham Shoal 2488: 2459: 2393: 2348: 2258: 2167: 2112: 2103: 2091: 2044: 2037: 2030: 2021: 2014: 2013: 2006: 2000: 1999: 1987: 1981: 1980: 1968: 1962: 1961: 1950: 1944: 1938: 1932: 1931: 1923: 1917: 1916: 1908: 1902: 1896: 1890: 1889: 1878: 1872: 1871: 1860: 1854: 1853: 1841: 1835: 1834: 1822: 1816: 1815: 1804: 1798: 1797: 1786: 1780: 1779: 1767: 1761: 1760: 1748: 1742: 1741: 1730: 1724: 1723: 1712: 1706: 1705: 1693: 1687: 1686: 1684: 1682: 1673:. 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630: 624: 623: 612: 580:’s entire novel 546:in Summer 2002. 537: 508:Ipswich Town F.C 451:United Utilities 371:The Energy Group 270: 269: 262: 185: 42: 35: 21: 18:The Energy Group 2772: 2771: 2767: 2766: 2765: 2763: 2762: 2761: 2742:East of England 2697: 2696: 2695: 2690: 2681: 2593: 2586: 2556: 2543: 2522: 2503:Greater Gabbard 2473: 2444: 2428: 2407: 2378: 2362: 2329: 2313: 2297: 2243: 2226: 2152: 2131: 2092: 2083: 2057: 2055:East of England 2048: 2018: 2017: 2008: 2007: 2003: 1996:The Independent 1989: 1988: 1984: 1970: 1969: 1965: 1952: 1951: 1947: 1939: 1935: 1925: 1924: 1920: 1910: 1909: 1905: 1897: 1893: 1880: 1879: 1875: 1868:Energie Chronik 1862: 1861: 1857: 1843: 1842: 1838: 1831:The Independent 1824: 1823: 1819: 1814:. 1 March 2002. 1806: 1805: 1801: 1788: 1787: 1783: 1769: 1768: 1764: 1750: 1749: 1745: 1732: 1731: 1727: 1714: 1713: 1709: 1695: 1694: 1690: 1680: 1678: 1665: 1664: 1660: 1650: 1648: 1640: 1639: 1635: 1621: 1620: 1616: 1603: 1602: 1598: 1593:. 16 June 2000. 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1350: 1332: 1302: 1293:"Waiting Game" 1283: 1264: 1252: 1230: 1211: 1192: 1174: 1155: 1148: 1121: 1109: 1090: 1083: 1063: 1060:. 18 May 1996. 1045: 1026: 1007: 1004:. 1 July 1998. 989: 970: 958: 936: 917: 899: 874: 849: 831: 820:. 22 July 2010 805: 787: 762: 737: 730: 709: 702: 681: 669: 655: 625: 606: 605: 603: 600: 599: 598: 591: 588: 573: 570: 471:The company's 439:BG Group plc's 428: 425: 381:Peabody Energy 372: 369: 365:National Power 333:Wherstead Park 303:formed by the 292: 289: 286: 285: 274: 272: 265: 255: 254: 251: 248: 245: 242: 239: 236: 233: 230: 227: 224: 220: 219: 216: 213: 210: 207: 204: 201: 198: 195: 192: 189: 156: 153: 145:FTSE 100 Index 133:Greater London 116: 115: 113:United Kingdom 105:Wherstead Park 102: 98: 97: 92: 88: 87: 84: 80: 79: 76: 72: 71: 68: 64: 63: 58: 54: 53: 48: 44: 43: 26: 24: 14: 13: 10: 9: 6: 4: 3: 2: 2769: 2758: 2755: 2753: 2750: 2748: 2745: 2743: 2740: 2738: 2735: 2733: 2730: 2728: 2725: 2723: 2720: 2718: 2715: 2713: 2710: 2708: 2705: 2704: 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Index

The Energy Group

Public limited company
Energy
Texas Utilities
Wherstead Park
England
United Kingdom
Eastern England
East Anglia
Greater London
London Stock Exchange
FTSE 100 Index
Hanson plc
Electricity Act 1947
Central Electricity Generating Board
Phabricator
MediaWiki.org
regional electricity companies
Electricity Act 1989
British Telecom
British Gas
water companies
Norwich
Ipswich
Wherstead Park
Rayleigh
Enfield
Bedford
Bury St Edmunds

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