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:
“The history of any nation follows an undulatory course. In the trough of the wave we find more or less complete anarchy; but the crest is not more or less complete Utopia, but only, at best, a tolerably humane, partially free and fairly just society that invariably carries within itself the seeds of its own decadence.”
—Aldous Huxley (1894–1963)
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—Virginia Woolf (1882–1941)
“Yet poetry, though the last and finest result, is a natural fruit. As naturally as the oak bears an acorn, and the vine a gourd, man bears a poem, either spoken or done. It is the chief and most memorable success, for history is but a prose narrative of poetic deeds.”
—Henry David Thoreau (1817–1862)