- Eastern Electricity
Eastern Electricity was an electricity supply and distribution utility serving eastern
England , includingEast Anglia and part ofGreater London . It had its origins in the Eastern Electricity Board (EEB) formed in1948 as part of the nationalisation of the electricity industry by the Electricity Act 1947.In
1990 the assets of the board passed to Eastern Electricity plc, one of theRegional Electricity Companies formed by theElectricity Act 1989 . The company was privatised later in the year in a stock market floatation. In the twelve years, the ownership changed hands on a number of occasions:
*In1995 Hanson plc gained control of the company.
*Hanson ownership lasted until1997 when Eastern Electricity was again floated on the stock market.
*In1998 the company was bought byTXU Europe and later became known as TXU Energi.
*In2002 TXU sold the supply business Eastern Energy/TXU Energi along with the supply business of sister companyNorweb Energi toPowergen . The distribution rights of Eastern Energy/TXU Energi were sold on toEDF Energy , owners ofLondon Electricity ,SWEB Energy andSEEBOARD , three other formerRegional Electricity Companies .ee also
*Companies merged into Eastern Electricity Board (EEB)
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