History
On 31 March 1990 as part of the privatisation of the electricity system in England and Wales the area electric boards were changed into independent regional electricity companies (RECs) and 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 11 December 1990 the RECs were privatised. In 1991, the vertically integrated Scottish boards were mainly privatised whole, with the exception of their nuclear plants which were passed to Scottish Nuclear, and later privatised as part of British Energy.
In 2000, as part of further restructuring of the market under the Utilities Act 2000, the public electricity suppliers were required to have separate licenses for their supply business and distribution networks, which were renamed as distribution network operators (DNOs).
Read more about this topic: Public Electricity Suppliers
Famous quotes containing the word history:
“The history of mankind interests us only as it exhibits a steady gain of truth and right, in the incessant conflict which it records between the material and the moral nature.”
—Ralph Waldo Emerson (1803–1882)
“You that would judge me do not judge alone
This book or that, come to this hallowed place
Where my friends’ portraits hang and look thereon;
Ireland’s history in their lineaments trace;
Think where man’s glory most begins and ends
And say my glory was I had such friends.”
—William Butler Yeats (1865–1939)
“The custard is setting; meanwhile
I not only have my own history to worry about
But am forced to fret over insufficient details related to large
Unfinished concepts that can never bring themselves to the point
Of being, with or without my help, if any were forthcoming.”
—John Ashbery (b. 1927)