Powergen
From Freepedia
Powergen was an electric generating company in the United Kingdom. Powergen expanded considerably by acquiring East Midlands Electricity, TXU Energi, Midlands Electricity and others. In 2001 Powergen was itself bought by major European energy company E.ON, becoming E.ON UK plc, though the Powergen brand is still in use.
History
Powergen was formed in 1990 when the Central Electricity Generating Board was split into three generating companies (Powergen, National Power and Nuclear Electric plc.) and distribution company, National Grid.
Powergen became a public limited company (PLC) wholly owned by the UK government. In March 1991 60% of Powergen was sold, followed by the remaining 40% in March 1995.
Operations
Its headquarters are in Coventry at Westwood Business Park. It also has offices in Nottingham (from the old East Midlands Electricity) and Ipswich (from TXU). There are other regional offices and many power generation sites.
As is now common in this industry, Powergen also sell gas & gas central heating insurance products. Powergen are also committed to promoting cleaner energy solutions and energy saving measures in the home, even sending out free energy saving light bulbs to new customers. Powergen was one of the first energy companies in the UK to take the logical step of combining gas and electric bills where customers take both services.
It is likely that the Powergen branding will be slowly phased out and replaced with the E.ON brand for consistency across Europe.
It sponsors rugby union's Powergen Cup, the rugby league Powergen Challenge Cup, and also rugby league's top match officials.
External links
Categories: Utilities of the United Kingdom | Companies formerly traded on the London Stock Exchange
