How it started
History
EDF Energy Customers (trading as EDF) is wholly owned by the French state-owned EDF (Électricité de France) and was formed in January 2002, following the acquisition and mergers of Seeboard plc (formerly the South Eastern Electricity Board), London Electricity plc (formerly the London Electricity Board or LEB), SWEB Energy plc (formerly the South Western Electricity Board), Virgin Energy, two coal fired power stations and a combined cycle gas turbine power station. The new group was initially led by MD John Kinsey and Marketing and Sales Director Gary Tubb, both from Virgin Energy.
In 2009, EDF took control of the nuclear generator in the United Kingdom, British Energy, buying share capital from the government. This made EDF one of the largest generators in the United Kingdom.
The development branch of EDF was formed in April 2004, bringing together the separate infrastructure interests of what were LE Group, Seeboard and SWEB. The focus for the branch is development activity through the participation in major new infrastructure projects, largely in the public sector through public-private partnership (PPP) and private finance initiative (PFI) type schemes.
The electricity distribution (or downstream) networks formerly known as EDF Energy Networks were sold in November 2010 to Hong Kong–based Cheung Kong Group (CKG), owned by billionaire Li Ka Shing. Later, EDF Energy Networks was renamed to UK Power Networks. In December 2014, EDF sold three small UK based wind farms with a combined capacity of 73 megawatts to the China General Nuclear Power Group for an estimated £100 million.
In November 2017, EDF sold its majority stake in five wind farms across Cambridgeshire and Lincolnshire for £98 million.
From Wikipedia’s article on EDF Energy, shared under CC BY-SA 4.0.2