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
Other articles related to "history":
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... The history of computing is longer than the history of computing hardware and modern computing technology and includes the history of methods intended for pen and paper or for chalk and slate ...
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Famous quotes containing the word history:
“A people without history
Is not redeemed from time, for history is a pattern
Of timeless moments.”
—T.S. (Thomas Stearns)
“The greatest horrors in the history of mankind are not due to the ambition of the Napoleons or the vengeance of the Agamemnons, but to the doctrinaire philosophers. The theories of the sentimentalist Rousseau inspired the integrity of the passionless Robespierre. The cold-blooded calculations of Karl Marx led to the judicial and business-like operations of the Cheka.”
—Aleister Crowley (18751947)
“Throughout the history of commercial life nobody has ever quite liked the commission man. His function is too vague, his presence always seems one too many, his profit looks too easy, and even when you admit that he has a necessary function, you feel that this function is, as it were, a personification of something that in an ethical society would not need to exist. If people could deal with one another honestly, they would not need agents.”
—Raymond Chandler (18881959)