Eastern Electricity
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Eastern Electricity was an electricity supply and distribution utility serving eastern England, including East Anglia and part of Greater London. It had its origins in the Eastern Electricity Board (EEB) formed in 1948 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 the Regional Electricity Companies formed by the Electricity 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:
- In 1995 Hanson plc gained control of the company.
- Hanson ownership lasted until 1997 when Eastern Electricity was again floated on the stock market.
- In 1998 the company was bought by TXU Europe and later became known as TXU Energi.
- In 2002 TXU sold the supply business Eastern Energy/TXU Energi along with the supply business of sister company Norweb Energi to Powergen. The distribution rights of Eastern Energy/TXU Energi were sold on to EDF Energy, owners of London Electricity, SWEB Energy and SEEBOARD, three other former Regional Electricity Companies.
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